Gapping down
In reaction to disappointing earnings/guidance:
- N/A.
Select metal producers trading lower:
- MT -4.5%, FCX -2.7%, BBL -1.7%, RIO -1.7%, X -1.5%, BHP -1.3%
Other news:
- FLXN -3.7% (PDUFA for ZILRETTA sNDA extended -- review expected to be completed in the coming weeks)
- BBBY -1.3% (cautious view in Barrons)
- EIDX -1.3% (BridgeBio Pharma (BBIO) terminates merger process with Eidos Therapeutics after being unable to come to an agreement with its Special Committee)
Analyst comments:
- CRWD -5.8% (initiated with a Sell at Citigroup)
- IPGP -3.4% (downgraded to Hold from Buy at Needham)
- AMTD -2.1% (downgraded to Sell from Neutral at Citigroup )
- FAST -2% (downgraded to Mkt Perform from Strong Buy at Raymond James)
- MHK -1.9% (downgraded to Underperform from Market Perform at Wells Fargo)
- PODD -1.6% (downgraded to Neutral from Buy at BTIG Research)
- BX -1.3% (downgraded to Neutral from Buy at BofA/Merrill)
- EQR -0.8% (downgraded to Underperform from Neutral at Robert W. Baird)
- DAL -0.6% (downgraded to Equal-Weight from Overweight at Stephens)