>>> Gapping down

Gapping down
In reaction to earnings/guidance:

PLCE -15.3%, GAMB -10.6%, CSCO -10.5% (saw a slowdown of new product orders in Q1), MAXN -9.8% (also MAXN and SPWR amend supply agreement and resolution of disputes), BABA -8%, WMT -7.5%, PANW -5.8%, NTES -5%, SCVL -4.8%, GFI -4.4%, SQM -3.3%, VNET -2.8%, BBWI -2.5%

Select Chinese ADRs showing early weakness following Biden/Xi summit:

BILI -5.5%, XPEV -5%, NIO -4.7%, FXI -4.2%, LI -3.9%, BIDU -3.8%, PDD -3.5%, WB -3.4%, ASHR -2.2%

Other news:

AUGX -26.5% (prices offering of 6.25 shares of common stock at $4.00 per share)
VLD -16.3% (to delay 10-Q filing)
SOUN -5.8% (discloses material weakness in 10-Q)
JNPR -3.2% (in sympathy with weak CSCO results)
CYBR -3.2% (in sympathy with weak PANW results)
SQSP -2.7% (prices secondary offering of 6.0 mln shares of common stock by selling shareholder General Atlantic)
ANET -2.4% (in sympathy with weak CSCO results)
ZS -2.3% (in sympathy with weak PANW results)
CRWD -2.3% (in sympathy with weak PANW results)
DRS -2% (files for 16.5 mln share offering by selling shareholder)
FTNT -1.9% (in sympathy with weak PANW results)
YUMC -1.7% (announces 2024 share repurchase programs in the U.S. and Hong Kong for $750 million)
NET -1.4% (in sympathy with weak PANW results)
CIEN -1.3% (in sympathy with weak CSCO results)
AVGO -1.3% (in sympathy with weak CSCO results)
A -1.3% (increases dividend)
EXTR -1% (in sympathy with weak CSCO results)

Analyst comments: