>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
:
  • AMSC -36.4%, PACB -15.1%, MLNX -13.8%, SPNS -9.5%, (announces receipt of letter from customer alleging material breach of agreement; lowers guidance), FFIV -9.1%, JMP -8.4%, OPGN -8.3%, CMPR -7.2%, (also Board authorizes the repurchase of up to 6.3 mln issued and outstanding ordinary shares on the open market through May 15, 2018), BMS -7%, CTB -6.6%, FTI -6.2%, BRKL -5.6%, (also commences common stock offering; size not disclosed), NTGR -5.6%, (also authorizes 3 mln share repurchase program ), CLF -5.3%, AAL -4.7%, CTXS -4.5%, MVIS -4.4%, EFX -4.1%,ETH -4%, ETH -4%, DDE -3.8%, I -3.5%, BWLD -3.3%, TDC -3.1%, KN -3%,ORLY -3%, LUV -2.9%, AMGN -2.6%, ALKS -2.6%, DB -2.5%, SIRI -2.2%, TS -2.2%, CNHI -2.1%, KS -2%, CELG -1.8%, LVS -1.7%, SERV -1.7%, STAY -1.5%, NVCR -1.4%, AWH -1.2%, BBVA -1.2%, ZBH -1.1%, MEOH -1%, (also approves dividend increase), ORAN -1%, USG -1%, NAP -0.8%, TYL -0.7%,BSX -0.7%, FCFS -0.7%, FBHS -0.6%, DLB -0.5%, MPWR -0.5%, TOWN -0.5%
Other news:
  • OPTT -33% (prices public offering of 5.385mln shares of its common stock at a price of $1.30/share)
  • SFST -5% (commences public offering of 700k shares of its common stock)
  • ICHR -2.6% (prices offering of 5,136,923 of ordinary shares by selling shareholders at $19.50 per share)
  • AA -1.5% (Arconic to exchange 12,958,767 shares of common stock of Alcoa for indebtedness of Arconic currently held by selling stockholders)
  • CS -1.5% (in sympathy with DB)
Analyst comments:
  • X -1.1% (downgraded to Hold from Buy at Deutsche Bank)