>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance:

  • HSC -10.5%, DFS -7.2%, ERIC -6.8%, GBCI -5%, FFBC -4.2%, SYF -3.6%, OIS -3.4%, SWKS -1.5%, ISRG -1.3%, ETFC -1.3%

Other news:

  • IIPR -4.7% (announces public offering of 2.0 mln shares of common stock)
  • APLT -3.7% (prices upsized public offering of 2,741,489 shares of its common stock at $45.50/share)
  • KURA -2.1% (announces departure of Chief Medical Officer Antonio Gualberto, M.D., Ph.D.)
  • TRIL -0.5% (extending yesterday's nearly 30% move higher), .

Analyst comments:

  • DFS -7.2% (downgraded to Underperform from In-line at Evercore ISI)
  • UPWK -2.6% (downgraded to Neutral from Buy at Guggenheim)
  • BNTX -1.9% (downgraded to Mkt Perform from Outperform at SVB Leerink)
  • COLM -1.7% (downgraded to Neutral from Buy at Citigroup)
  • TTWO -1.2% (downgraded to Neutral from Buy at MKM Partners)
  • ECA -1% (downgraded to Market Perform from Outperform at Cowen)
  • ALV -0.9% (downgraded to Neutral from Buy at UBS)