Gapping down
In reaction to disappointing earnings/guidance:
- OZK -6.8%, SIVB -6.4%, LLNW -6.2%, INTC -5%, FE -3.1%, EHTH -2.6%, ABCB -1.2%, LOGM -0.8%, POR -0.6%
Other news:
- GOOG -0.9% (CNBC report that Google to cut marketing budgets by as much as half)
- RE -0.5% (announces Q1 impact from COVID-19)
Analyst comments:
- TEX -4.7% (downgraded to Neutral from Outperform at Credit Suisse)
- SPLK -2.1% (downgraded to Market Perform from Outperform at Cowen)
- WDAY -1.9% (downgraded to Market Perform from Outperform at Cowen)
- IMAX -1.9% (downgraded to Neutral from Outperform at Wedbush)
- ILMN -1% (downgraded to Neutral from Buy at Citigroup)
- EPAM -0.9% (downgraded to Neutral from Positive at Susquehanna)