Gapping down
In reaction to earnings/guidance:
- ABCM -1.8% (provides 1H23 financial update; reiterates FY23 and FY24 guidance)
Other news:
- MPWR -1.8% (CEO sold 10960 shares)
- JBLU -1.3% (JBLU issues statement on Northeast Alliance with AAL; disagrees with court ruling but does not plan to appeal; JBLU will now turn even more focus to proposed combination with SAVE)
- PAC -1.1% (reports June traffic increased 12.5% yr/yr)
- XOM -1% (details items that will impact Q2 results)
- WAB -0.8% (wins significant component order for major German-Austrian transit consortium project)
- AAL -0.7% (JBLU issues statement on Northeast Alliance with AAL; disagrees with court ruling but does not plan to appeal; JBLU will now turn even more focus to proposed combination with SAVE)
- VMEO -0.7% (CEO Anjali Sud to step down; co also reaffirms Q2 guidance)
Analyst comments:
- SUM -3.1% (downgraded to Underweight from Neutral at JP Morgan)
- HUBS -2.3% (downgraded to Neutral from Overweight at Piper Sandler)
- AXP -1.3% (downgraded to Neutral from Outperform at Robert Baird)
- VMC -1.3% (downgraded to Neutral from Overweight at JP Morgan)
- MLM -1.1% (downgraded to Neutral from Overweight at JP Morgan)
- HBNC -0.8% (downgraded to Mkt Perform from Outperform at Raymond James)