Gapping down
Select index ETFs showing early weakness:
- QQQ -1.5%, SPY -1.1%, IWM -1.1%, DIA -0.9%, .
Other news:
- AMC -31% (APE shares to begin trading today - CEO tweeted: Remember, with the APE seeing its first trade on the NYSE at some time tomorrow morning, the value of your AMC investment will be the combination of your AMC shares and your new APE units. An AMC share plus a new APE unit added together — compared to just an AMC share previously)
- ADES -28.2% (to merge with Arq Limited)
- BBBY -10.8% (report some suppliers are restricting or halting shipments as BBBY fell behind on payments, according to Bloomberg)
- MREO -5% (Sends Letter to Rubric Capital Management)
- RVLP -4.4% (files for 15,451,612 share common stock offering by selling shareholders)
- TSLA -2.2% (Elon Musk tweets "After wide release of FSD Beta 10.69.2, price of FSD will rise to $15k in North America on September 5th. Current price will be honored for orders made before Sept 5th, but delivered later")
- CS -1.3% (appoints Dixit Joshi as CFO)
- OXY -1.3% (Warren Buffett (BRK.B) is not expected to bid for control of Occidental)
- INST -1.2% (files for $800 mln mixed securities shelf offering; also files for 122,065,804 share common stock offering by selling shareholders)
- VOD -1.2% (agrees non-binding terms in relation to the sale of Vodafone Hungary for €1.8 billion to 4iG and Corvinus)
- WEN -0.9% (CDC confirms E. coli outbreak with unknown food source; WEN says "we are taking the precaution of discarding and replacing the sandwich lettuce at some restaurants in that region")
- VIAV -0.8% (files mixed securities shelf offering)
- GILD -0.7% (receives EC Marketing Authorization for Sunlenca)
Analyst comments:
- GRTS -12.2% (downgraded to Sell from Neutral at Goldman)
- COUP -4.1% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- DOCU -4.1% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- ITCI -2.8% (downgraded to Neutral from Buy at Goldman)
- VFC -2.7% (downgraded to Market Perform from Outperform at Cowen)
- NEO -2.5% (downgraded to Hold from Buy at Needham)
- UPS -2.1% (downgraded to In-line from Outperform at Evercore ISI)
- CNI -1.6% (downgraded to In-line from Outperform at Evercore ISI)