Gapping down
In reaction to disappointing earnings/guidance:
- ORCL -4%
Other news:
- TTOO -32.1% (commences common stock offering)
- SAVE -1.8% (reported August Traffic (revenue passenger miles) +20.6% y/y on a capacity (available seat miles) increase of 21.9%; expect Irma impact to be significant )
- MTW -1.7% (plans to undertake reverse stock split of Manitowoc's common stock at a ratio of 1-for-4), .
Analyst comments:
- CCL -2.5% (downgraded to Neutral from Outperform at Credit Suisse),
- AAL -2.2% (downgraded to Neutral from Overweight at JP Morgan),
- UAL -2.2% (downgraded to Neutral from Overweight at JP Morgan),
- SAVE -1.8% (downgraded to Neutral from Overweight at JP Morgan),
- AYI -1.3% (downgraded to Market Perform from Outperform at Wells Fargo),
- ALNY -0.6% (initiated with a Reduce at Instinet)