Gapping down
In reaction to disappointing earnings/guidance:
- APRN -21.1%, CRTO -9.8%, HWC -9.4%, IRBT -7.6%, SITE -5.4%, GE -4.6%, AKAM -4.4%, F -3.9%, TX -3.8%, FEYE -3.6%, UTHR -3.4%, BYD -3.1%, AMD -3.1%, CHRW -2.7%, CYH -2.5%, BKU -2.5%, GD -2.2%, SBUX -1.8%, HAS -1.7%, OKE -1.4%, NOC -1.1%, YUM -0.9%
Other news:
- RPD -5.3% (acquires DivvyCloud for $145 mln; provides preliminary Q1 results; announces proposed private offering of $200 mln of convertible notes)
- SUI -3.3% (commences offering of 3.6 mln shares)
- RDUS -3% (CEO to step down)
- LUV -1.3% (upsizes offering by 15 mln shares and prices offering of 70 mln shares of common stock of the Company at $28.50 per share and $2.0 bln of 1.250% Convertible Senior Notes due 2025)
Analyst comments:
- HEAR -2.3% (downgraded to Neutral from Outperform at Wedbush)
- RH -0.9% (downgraded to Underperform from Hold at Gordon Haskett)
- WMT -0.9% (downgraded to Accumulate from Buy at Gordon Haskett)
- CE -0.5% (downgraded to Equal Weight from Overweight at Wells Fargo)