Gapping down
In reaction to earnings/guidance:
- JWN -3.7% (reports holiday sales), PROG -2.3% (guides FY21 revenue in-line), FRPT -1.8% (guides Q4 revs below consensus, citing supply constraints), IART -1% (guidance)
M&A news:
- NAV -2.3% (to sell its Melrose Park, IL facility)
Other news:
- NNDM -10.8% (prices offering of 35 mln ADSs at $9.50 per ADS)
- LMND -5% (prices offering of 3.3 mln shares of common stock at $165.00 per share)
- HRZN -1.8% (provides Q4 portfolio update)
Analyst comments:
- FCEL -5.5% (downgraded to Underweight from Neutral at JP Morgan)
- URBN -3.4% (downgraded to Underweight from Neutral at JP Morgan)
- OLLI -3% (downgraded to Underperform from Buy at BofA Securities)
- PENN -2% (downgraded to Sell from Hold at Loop Capital)
- DD -1.8% (downgraded to Neutral from Overweight at JP Morgan and removed from Analyst Focus List)
- GMLP -1.2% (downgraded to Hold from Buy at Stifel)
- ROCK -0.8% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)