Gapping down
In reaction to earnings/guidance:
- ERIC -14.8%, AA -10.7%, ALL -10.5% (estimates Q3 catastrophe losses; provides preliminary Q3 results), SSL -6.6% (Q3 update), NOK -5.7%, WDFC -5.2%, KNX -4.9%, TSLA -4.9%, PPG -4.1% (also names new CEO), WSO -3.3%, KEY -3%, HPE -2.9% (reiterates FY22 earnings and sales outlook; guides FY23 earnings in-line with consensus), EFX -2.7%, RLI -2.4%, TCBI -1.8%, KMI -1.8%, DHR -1%, FITB -0.9%, STLD -0.8%
Other news:
- TALS -25.2% (announces a status update on its Phase 3 FREEDOM-1 study in living donor kidney transplant recipients)
- BCLI -4.6% (Presents NurOwn Phase 2 Progressive MS Biomarker Data at the 38th ECTRIMS Congress)
- CENX -3.8% (in sympathy with AA earnings)
- DNLI -2.9% (prices offering of 10377359 shares of its common stock at $26.50 per share)
- RIVN -0.9% (fixes significant majority of its 12000+ recalled vehicles according to TechCrunch)
- RNR -0.9% (estimates 2022 catastrophe losses)
Analyst comments:
- COUP -3.2% (downgraded to Underweight from Neutral at Piper Sandler)
- ALLY -2.2% (downgraded to Equal-Weight from Overweight at Morgan Stanley; downgraded to Underweight from Equal Weight at Wells Fargo)