Gapping down
In reaction to earnings/guidance:
- ISRG -8.9%, BORR -5.6%, MRTN -5.2%, FFIV -4.4%, TRMK -3.7%, KMB -2.9%, CNI -2.5% (also approves normal course issuer bid to repurchase up to 32 mln shares; also increases dividend), MSFT -2.5%, ASML -1.9%, NEE -1.7%, COF -1.5%, ADP -1.5%, BA -1.5%, TEL -1.3%, ABT -1.2%, WAL -1%, TXN -0.8%, NDAQ -0.7%
Other news:
- PGEN -16.9% (Phase 1 data for PRGN-2012 AdenoVerse; prices offering of 42857143 shares of its common stock at $1.75 per shareg)
- HMN -7.7% (provides estimate of damage due to Winter Storm Elliott)
- PACB -6.6% (prices offering of 17.5 mln shares of its common stock at $10.00 per share)
- KOPN -5.7% (stock offering)
- VCSA -1.8% (approves a 17% workforce reduction plan; also confirms prior guidance for Q4)
- FTI -1.4% (awarded substantial MSA for subsea services with Petrobras)
- PLRX -1% (prices offering of 8333334 shares of its common stock at a price to the public of $30.00 per share)
Analyst comments:
- SQ -3.7% (downgraded to Perform from Outperform at Oppenheimer)
- ABNB -3% (downgraded to Underperform from Hold at Gordon Haskett)
- BLMN -2.2% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- BKNG -2% (downgraded to Neutral from Buy at BofA Securities)
