>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • WOOF -13.1%, OOMA -7.2%, HAIN -5.4%, DLTR -4.4%, ZUO -3.8%, NTES -3.2%, NTAP -1.6%, BURL -0.6%
Other news:
  • SPR -6.2% (issues 737 Aft Bulkhead Statement)
  • PLSE -6.2% (mentioned cautiously by White Diamond Research)
  • VHNA -2.2% (announces anticipation of continuation as a business company incorporated under the laws of the British Virgin Islands)
  • EHC -2% (EHAB satisfies TMA conditions with EHC to initiate strategic review; will consider sale merger)
  • IONS -2% (entered into separate privately negotiated agreements with holders of 0.125% Convertible Senior Notes due 2024 to repurchase approx. $30.2 mln of the 2024 Notes for approx. $29.2 mln)
  • RLI -1.6% (estimates catastrophe losses from Hawaiian wildfires of $65-75 mln)
  • MDT -1.6% (issues statement on the FDA Circulatory Systems Devices Advisory Panel vote for the Symplicity Spyral Renal Denervation System)
Analyst comments:
  • VZIO -5.8% (downgraded to Underperform from Buy at BofA Securities)
  • AGTI -2% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
  • IART -1.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
  • EL -1.6% (downgraded to Mkt Perform from Outperform at Bernstein)
  • IFF -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)