Gapping down
In reaction to earnings/guidance:
- PLCE -16%, CSCO -11.1%, VIPS -8%, BBWI -6.4%, KSS -4.6%, EXP -2.7%
Other news:
- ENTA -15.1% (reports top-line data from RSVP study of EDP-938; study did not meet primary endpoint)
- UAA -5.6% (CEO to step down; also downgraded to Equal-Weight from Overweight at Morgan Stanley)
- CIEN -5.2% (in sympathy with CSCO earnings/guidance)
- TRQ -4.5% (Rio Tinto amends funding plan with Turquoise Hill Resources)
- JNPR -3.8% (in sympathy with CSCO earnings/guidance)
- AVGO -3.6% (in sympathy with CSCO earnings/guidance)
- ANET -3.5% (in sympathy with CSCO earnings/guidance)
- HCI -2.2% (announces $150 mln convertible offering)
- NOK -2.1% (in sympathy with CSCO earnings/guidance)
- TSLA -1.7% (NHTSA has opened a special investigation on a crash in CA according to Reuters)
- EXTR -1.4% (in sympathy with CSCO earnings/guidance)
- BB -1.4% (provides its long-term financial goals)
- LITE -1.3% (in sympathy with CSCO earnings/guidance)
- GMED -1.1% (first surgeries performed with the Excelsius3D imaging platform performed)
- CS -0.8% (Fitch downgrades Credit Suisse Group to 'BBB+'; Stable Outlook)
Analyst comments:
- UNP -2% (downgraded to Neutral from Buy at Citigroup)
- CSX -1.7% (downgraded to Neutral from Buy at Citigroup)
- NSC -1.6% (downgraded to Neutral from Buy at Citigroup)
- LSI -1.5% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- PEAK -1.4% (downgraded to Neutral from Buy at BofA Securities)
- TGT -0.9% (downgraded to Hold from Buy at Stifel)