>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
:
  • SMSI -23.6%, (very thinly traded), FNSR -16.3%, ZUMZ -16.2%, XTNT -14.8%, SGRY -14.1%
  • RGSE -11.8%, CARA -9.7%, BVX -7.9%, (very thinly traded), MED -7.8%,FRPT -6.1%, EYES -5.2%
  • ULTA -4.5%, LOCO -4.4%, ROKA -2.5%, WMK -2.5%, TGTX -2%, FNHC -1.7%, AQXP -1%
  • TSM -0.9%, (reported Feb revs), ATHX -0.8%, TRIL -0.8%, PAY -0.5%
Select FNSR peers/related names showing weakness:
  • FN -4%, LITE -3.5%, AXTA -2.7%, OCLR -2.5%, AAOI -2.2%, ACIA -1.7%,IIVI -0.7%, ADTN -0.5%
Select metals/mining stocks trading lower:
  • SBGL -3.6%, MTL -3.4%, GFI -3.4%, AU -1.4%, SAND -1.3%, GOLD -1.3%,ABX -0.5%, GG -0.5%
Other news:
  • MEET -8.1% (commences common stock offering)
  • ALR -5.2% (attributed to unfavorable court hearing)
  • ARE -4.8% (commences an underwritten public offering of 6,100,000 shares of common stock; updates guidance in connection with the just announced public offering)
  • LUV -2.9% (reported Feb traffic)
  • NVGN -2.6% (Chief Scientific Officer Dr. David Brown will leave the co to pursue new opportunities)
Analyst comments:
  • IONS -5.2% (downgraded to Sell from Neutral at Goldman)
  • LOXO -1.1% (downgraded to Neutral from Buy at Citigroup)
  • DG -0.5% (downgraded to Neutral from Buy at Buckingham Research)