Gapping down
In reaction to earnings/guidance:
- SAP -20.4%, NRZ -4.2%, HAS -2.4%
M&A news:
- CVE -5.9% (Cenovus Energy and Husky Energy combine in an all-stock transaction valued at $23.6 billion)
Select index ETFs showing weakness:
- IWM -1.4%, SPY -1.1%, DIA -1.1%, QQQ -0.8%
Other news:
- MBIO -7.8% (files for $100 mln mixed securities shelf offering)
- HYLN -4.7% (files for 19,185,637 share common stock offering; also files for 132,637,517 share common stock offering by selling shareholders)
- TPTX -3.7% (announces $400 mln commencement of public offering of common stock)
- RVMD -3.4% (reports progress and expansion of combination strategy with RMC-4630; new clinical collaboration with AstraZeneca)
- BA -1.6% (report that FAA determined that software fix for certain planes was not adequate)
- TSLA -1.5% (details trends in cash flow, capital expenditures and operating expenses in 10-Q)
- AYI -0.9% (files mixed securities shelf offering)
Analyst comments:
- DQ -3.6% (downgraded to Neutral from Buy at ROTH Capital)
- SPWR -2.7% (downgraded to Neutral from Outperform at Credit Suisse)
- ASC -2% (downgraded to Hold from Buy at Pareto)
- FSLR -1.8% (downgraded to Underperform from Neutral at Credit Suisse)
- EXC -0.9% (downgraded to Neutral from Buy at Guggenheim)