Gapping down
In reaction to earnings/guidance:
- FDX -20.6%, HUN -6.6% (lowered guidance)
Other news:
- NCR -17.7% (to separate into two independent companies)
- ALHC -10.6% (mixed securities offering stock offering by selling shareholders)
- KNW -9.5% (prices offering of 3.6 mln shares of common stock at $2.00 per share)
- UPS -6.8% (trades in sympathy with FDX)
- CNM -5.2% (stock offering by selling shareholders)
- CCNE -4.7% (prices offering of 3702127 shares of common stock at $23.50 per share)
- UBER -4% (trading lower on security breach news)
- NVTA -2.6% (experts support testing for cancer patients)
- AMZN -2.5% (trades in sympathy with FDX)
- QGEN -2% (new additions to NeuMoDx)
- CMC -1.9% (acquires Advanced Steel Recovery)
- RBLX -1.7% (reports August metrics)
- MAXR -1.7% (CFO retiring)
Analyst comments:
- ARW -3.3% (downgraded to Underweight from Equal Weight at Wells Fargo)
- AVT -3.2% (downgraded to Underweight from Equal Weight at Wells Fargo)
- ADSK -1.6% (downgraded to Neutral from Overweight at JP Morgan)
