Gapping down
In reaction to earnings/guidance:
- EL -5.4%, NDSN -1.5%, SQM -0.9%, NVDA -0.6%
Other news:
- CRK -6.3% (being atrributed to block trade pricing)
- CWH -5.1% (indicated lower after its COO sold 12K shares worth ~$430K (transaction date 8/17))
- AVTR -4.6% (announced secondary offering of 38.5 mln common shares),
- VLRS -2.4% (announces capacity adjustments as a result of COVID-19; to fly approx. 75% of its capacity for September)
- CALM -2.4% (prices secondary offering by selling shareholders of 6 mln shares of common stock at $39.00 per share)
- ETSY -0.9% (prices $650 mln of 0.125% convertible senior notes due 2027 in a private placement)
Analyst comments:
- SRPT -1.9% (downgraded to Neutral from Outperform at Credit Suisse)
- IRET -1.4% (downgraded to Mkt Perform from Outperform at Raymond James)
- ABB -1.1% (initiated with a Sell at Berenberg)
- BMRN -1% (downgraded to Neutral from Buy at Citigroup)
- CCI -0.7% (downgraded to Equal Weight from Overweight at Wells Fargo)
- LINX -0.5% (downgraded to Reduce from Hold at HSBC Securities)