Gapping down
In reaction to earnings/guidance:
- SGH -6.3%
Select index ETFs showing weakness:
- QQQ -2.3%, IWM -1.9%, SPY -1.6%, DIA -1.5%
Other news:
- MESO -36.8% (receives Complete Response Letter from the FDA for Biologics License Application for steroid-refractory acute graft versus host disease in children)
- HYMC -7.4% (upsizes and prices underwritten public offering of units of common stock and warrants)
- BE -6.5% (attributed to block trade pricing)
- ARQT -5.1% (prices offering of 4 mln shares of common stock at $25.00 per share)
- BLD -3.7% (acquires Garland Insulating)
- NIO -3.7% (Sep deliveries)
- AMZN -2.4% (discloses that 19,816 employees have tested positive since pandemic began)
- H -2.2% (S&P 'BBB-' rating affirmed, removed from CreditWatch; outlook negative)
- LI -2.1% (Sep deliveries)
Analyst comments:
- WTTR -4.6% (downgraded to Underweight from Neutral at JP Morgan)
- DXCM -3.8% (downgraded to Underweight from Equal Weight at Wells Fargo)
- GD -2.4% (downgraded to Neutral from Outperform at Robert W. Baird)