Gapping down
In reaction to earnings/guidance:
- SPWH -9.4%, SPGI -7.6% (suspends FY22 guidance), APPS -4.8%, AMBA -4.4%, BARK -4.4%, CHPT -2.7%, DCI -0.5%
Other news:
- CNCE -18.9% (announced stock offering)
- CNMD -4.6% (announced private offering of convertible senior notes)
- SAVE -2% (disagrees with ISS recommendation on proposed transaction with Frontier)
- HCM -1.6% (recieves approval for TAZVERIK to be Used in Hainan Pilot Zone in China)
Analyst comments:
- GDRX -5.9% (downgraded to Neutral from Outperform at Robert Baird)
- TPX -4.8% (downgraded to Neutral from Overweight at Piper Sandler)
- POSH -2% (downgraded to Mkt Perform from Mkt Outperform at JMP Securities)
- FTS -1.8% (downgraded to Underweight from Equal Weight at Wells Fargo)
- GTES -1.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- SEE -1.4% (downgraded to Underweight from Neutral at JP Morgan)
- MDT -0.6% (downgraded to Neutral from Overweight at Atlantic Equities)