US Foods — The meals distributor’s stock dropped more than 3 percent even after the firm declared better-than-expected quarterly earnings and earnings. US Foods beat estimates by 7 cents using annual earnings of 12 cents per share offset reduced costs, based on Refinitiv.
Ark Innovation — Shares of Cathie Wood’s flagship ETF dropped 4 percent about midday on Monday amid additional selling pressure in stocks. Her finance is currently trading under its low of this year from February. Tesla dropped 4.2percent and Teladoc Health fell 5.6%. Square and Roku dropped 6.6percent and 2.1%, respectively. DraftKings declined 5.2percent and Zillow dropped 3.8%.
Box — The technology stock bounced 4.4% following activist investment company Starboard Value stated it’d nominate more supervisors for Box’s board. Box’s present board said in a statement it doesn’t believe”that the adjustments to the Board suggested by Starboard are justified or at the best interests of stockholders.”
Intel — Shares of this chipmaker dipped 2.1percent following Atlantic Equities downgraded the stock to underweight. The research company said in a note to customers that Intel’s strategy to expand its production base would not allow it to fend off rival Advanced Micro Devices.
Coty — The beauty stock dropped nearly 9 percent following Coty’s third-quarter results failed to high expectations. Coty’s reported that it broke on an adjusted earnings per share basis and created $1.03 billion in earnings. Participants studied by Refinitiv estimated earnings of 1 cent per share about $1.03 billion in earnings. The organization’s earnings in the Americas was lesser than anticipated, based on FactSet.