Gapping down
In reaction to disappointing earnings/guidance:
- NUS -17.3%, QUOT -17.1%, NTAP -11.8% (also CFO to retire), SPWR -11.2%, TTGT -10.9%, PS -9.4%, HEAR -7.7% (sees Q4 below consensus), ZBRA -7.2%, ICL -5.5%, SSTK -5.4%, LPI -5.1%, CTL -5.1%, CSCO -4.7%, AVLR -4.7%, CXW -4.5%, IFF -4.5%, BABA -3.6%, WM -3.6%, MGM -3.1% (also CEO steps down), KAI -3%, MRO -2.7%, GTLS -2.5%, WSO -2.5%, HUBS -2.3%, CHNG -2.1%, NICE -1.6%, GNRC -1.5%, AKG -1.4%, EQIX -1.3% (also increases dividend), CDNS -1.1%, PEGA -0.9%, TYL -0.8%, SSNC -0.8%, BCS -0.8%, MTCH -0.8%
Select China related names showing weakness:
- JD -2.3%, BIDU -2.2%, HUYA -1.9%, WB -1.8%, ASHR -1.5%, FXI -1.5%
travel related stocks trading lower:
- CCL -1.7%, RCL -1.7%, UAL -1.5%, LUV -1.5%, AAL -1.4%, DAL -0.9%, SAVE -0.6%
Other news:
- AKRX -20% (agrees to pursue a sale of its business; announces new extension of standstill with lenders)
- BE -17.9% (provides update on timing for Q4 earnings; will restate certain financial statements; issues business performance update)
- CBIO -15.5% (stock offering)
- AVRO -12.1% (prices 4.35 mln shares of common stock at $23.00 per share)
- TSLA -6.8% (intends to offer approximately $2 bln of common stock; also announced recalls)
Analyst comments:
- ENPH -3.8% (downgraded to Neutral from Buy at B. Riley FBR)
- NBLX -1.6% (downgraded to Neutral from Outperform at Robert W. Baird)
- SHOP -1.3% (downgraded to Neutral from Outperform at Credit Suisse)
- EVA -1.2% (downgraded to Neutral from Buy at Citigroup)
- CYBR -1.1% (downgraded to Hold from Buy at Needham)