Gapping down
In reaction to disappointing earnings/guidance:
- OLN -11.9%, RDS.A -9% (also cut dividend), LYG -8.2%, NLSN -6.9%, TPR -4.6%, RYN -4.4%, INOV -4.2%, TTMI -4.1%, PRGO -3.4%, HIG -3.1%, EBAY -3%, DNKN -2.9%, GT -2.9%, FCN -2.8%, MXL -2.7%, ALGN -2.6%, MCO -2.3%, DOW -2.1%, TAP -2%, TTEK -1.8%, TDOC -1.8%, SWK -1.7%, FBP -1.6%, MCD -1.3%, TYL -1%
Other news:
- FENC -9.3% (stock offering)
- NEO -7.3% (files for $150 mln convertible notes offering)
- ZM -5.5% (Zoom Video says it has 300 mln meeting participants, not daily active users, according to The Verge)
- TTMI -4.1% (announces restructuring of its Electro-Mechanical unit; to discontinue certain Chinese facilities)
Analyst comments:
- STM -3.1% (downgraded to Sell from Neutral at Goldman)
- ZBRA -2% (downgraded to Neutral from Overweight at JP Morgan)