LEA - Hot Stocks: BWA LEA downgrade; BYSI sinks on data; BRKS makes $3B divestiture

The major averages were down more than 2% in Monday's midday trading, accelerating a decline that has marked most of September so far. Still, even in the general sell-off, some individual stock stories drew added attention. Auto suppliers outpaced the overall decline in the broader averages. A negative analyst note sparked a decline in shares of BorgWarner (NYSE:BWA) and Lear Corp. (NYSE:LEA). Meanwhile, the release of clinical trial data sparked a massive slide in shares of BeyondSpring (NASDAQ:BYSI), which lost nearly a third of their value on the news. Even with the general weakness on Wall Street, investors could find some bright spots. Brooks Automation (NASDAQ:BRKS) rose following a deal to sell its semiconductor solutions business. Decliners Jefferies downgraded shares of BorgWarner (BWA) and Lear Corporation (LEA) from Buy to Hold. The firm believes that disruption in the auto supply chain will suppress near-term results. On the news, BWA fell

For further details see:

Hot Stocks: BWA, LEA downgrade; BYSI sinks on data; BRKS makes $3B divestiture