Gapping down
In reaction to earnings/guidance:
- SNAP -20.2%, CMBM -16.3% (lowers Q3 rev guidance due to supply constraints), INTC -10% (also CFO to retire), BOOM -10%, VFC -7.7%, USX -4.4%, SAM -3.7%, WHR -3.3%, VICR -2.9%, HCA -1.7%, ROP -0.9%
Other news:
- MTCR -49.3% (reports interim results from Phase 2a trial of MET642; also announces strategic re-prioritization of clinical development programs)
- ISEE -4.5% (prices offering of 9 mln shares of common stock at $16.75 per share)
- MGNI -4.4% (online ad stocks lower on SNAP guidance)
- TTD -4.4% (online ad stocks lower on SNAP guidance)
- TWTR -3.9% (online ad stocks lower on SNAP guidance)
- PUBM -3.8% (online ad stocks lower on SNAP guidance)
- FB -3.6% (online ad stocks lower on SNAP guidance)
- PINS -2.6% (online ad stocks lower on SNAP guidance)
- ROKU -1.9% (online ad stocks lower on SNAP guidance)
- GOOG -1.6% (online ad stocks lower on SNAP guidance)
Analyst comments:
- FCX -0.7% (downgraded to Hold from Buy at Deutsche Bank)
- ALLY -0.6% (downgraded to Neutral from Overweight at Piper Sandler)
- LUV -0.6% (downgraded to In-line from Outperform at Evercore ISI)