Gapping down
In reaction to disappointing earnings/guidance:
- IBM -4.9%, GTLS -3.5%, TXT -3%, STLD -1.5%, URI -1.3%, SNA -0.7%, SON -0.7%
Other news:
- SYRS -18.3% (to discontinue further development of SY-1365, its intravenous (IV) CDK7 inhibitor)
- GPOR -2.6% (provides Q3 production and pricing updates)
- NTRA -1.5% (prices offering of 5,714,286 shares of common stock at $35.00 per share) .
Analyst comments:
- BC -2.9% (downgraded to Neutral from Buy at Longbow)
- XOG -2% (downgraded to Underperform from Outperform at Imperial Capital)
- ASC -1.2% (downgraded to Hold from Buy at Stifel)
- STNG -0.6% (downgraded to Hold from Buy at Stifel)
- CMA -0.5% (downgraded to Underweight from Neutral at JP Morgan)