Gapping down
In reaction to disappointing earnings/guidance:
- UAA -13.5% (ALSO - Federal officials are investigating the company over accounting issues)
- CRNT -14.2%, VEON -1.6%, SOGO -0.5%
M&A news:
- SYK -1.5% (Wright Medical Group (WMGI) to be acquired by Stryker for $30.75 per share in cash)
Other news:
- OMER -18.9% (following study results for OMIDRIA)
- MCD -1.9% (CEO Steve Easterbrook separates from company following Board determination that he "violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee")
Analyst comments:
- HOG -2.2% (downgraded to Underweight from Sector Weight at KeyBanc Capital Markets)
- PZZA -1.7% (downgraded to Hold from Buy at Jefferies)
- WOW -1.4% (downgraded to Outperform from Strong Buy at Raymond James)
- DLPH -0.7% (downgraded to Equal Weight from Overweight at Barclays)