Gapping down
In reaction to disappointing earnings/guidance:
- CAT -5.2%, ARLP -1.5%
M&A news:
- DBX -0.8% (confirms agreement to acquire HelloSign for $230 mln in cash)
Other news:
- PCG -8.7% (still planning bankruptcy according to Axios Report)
- VALE -8.3% (Vale S.A. updates information on the breach of the Dam I of the Córrego de Feijão mine that occurred in the early afternoon of January 25th, 2019; suspends dividends on interest on capital as well as any deliberation on share repurchases)
- E -3.6% (acquires from Adnoc a 20% equity interest in ADNOC Refining)
- DE -1.5% (in sympathy with CAT)
Analyst comments:
- CRSP -5.1% (downgraded to Neutral from Buy at Goldman)
- ATHM -3.8% (downgraded to Underweight from Neutral at JP Morgan)
- NRG -1.1% (downgraded to Hold from Buy at Deutsche Bank)
- USB -0.7% (downgraded to Neutral from Outperform at Robert W Baird)