Gapping down
In reaction to earnings/guidance:
- IRDM -3.8%, ABT -3.6%, UAL -3.2%, SNV -1.2%, LMT -1.1%, STLD -0.9%, JNJ -0.5%, PM -0.5%, ELS -0.4%, PG -0.4%, SI -0.3%, KEY -0.3%,
M&A news:
- CNI -8.9% (made a superior proposal to combine with Kansas City Southern (KSU) in a cash-and-stock transaction valued at $33.7 billion, or $325/share)
Other news:
- FUTU -7.8% (commences offering of 9.5 mln ADSs)
- ZLAB -5.7% (commences public offering of $750.0 mln ADS)
- AAL -1.9% (to reduce flights to certain destinations in South America amid reduced demand related to COVID-19, according to Reuters)
- ALV -1.9% (and Mersen announced today a joint collaboration to develop devices that will help make electric vehicles safer)
- VALE -1.3% (signed an Investment Agreement with Mitsui & Co for the acquisition by Vale of the totality of Mitsui´s interest of the Moatize coal mine)
- JG -0.9% (entered into a partnership agreement with Hycan Intelligent Technology)
- RIO -0.9% (releases first quarter production results)
- TSLA -0.4% (CEO Elon Musk responds to Texas crash "Data logs recovered so far show Autopilot was not enabled & this car did not purchase FSD)
- GILD -0.3% (NCNA files patent infringement suit against GILD),
Analyst comments:
- CLNE -4.2% (downgraded to Underperform from Mkt Perform at Raymond James)
- VLDR -2.2% (initiated with an Underperform at BofA )
- CAR -2.1% (downgraded to Neutral from Buy at BofA)
- FCEL -2% (initiated with an Underweight at Wells Fargo)
- GLT -1.9% ( downgraded to Market Perform from Outperform at BMO)
- VNE -1.9% (initiated with an Underperform at BofA)
- NKE -1.7% (downgraded to Neutral from Buy at Citi)
- EOG -1% (downgraded to Neutral from Buy at Goldman),