Gapping down
In reaction to disappointing earnings/guidance:
- LOVE -5.5%, LULU -4.7%, NX -4.4%, OXM -4.3%, CIEN -3.4%, NDSN -2.4%, ALB -1.5% (introduces 2024 financial outlook and 5-year CAGR) TLRD -1%
Other news:
- AKTS -10.5% (prices 4.8 mln common stock offering at $6.25/share)
- MNRL -2.1% (prices 11 mln share Class A common stock offering at $18.10 per share)
- ASMB -2% (prices offering of 5,151,515 shares of its common stock at $16.50 per share)
- GME -2% (continued weakness)
- NFLX -1.3% (being attributed to disappointing Irishman viewership numbers)
Analyst comments:
- MMSI -4% (downgraded to Underweight from Equal Weight at Wells Fargo)
- ANSS -2.6% (downgraded to Underweight from Neutral at JP Morgan)
- GKOS -2.6% (downgraded to Underweight from Overweight at Wells Fargo)
- ADSK -1.7% (downgraded to Underweight from Neutral at JP Morgan)
- WST -1.5% (downgraded to Underperform from Neutral at BofA/Merrill)