>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:

VNCE -33.3%, ATHN -16.4%, GIMO -15.3%, CLD -12.2%, ARAY -12%, PCMI -11.1%, VCRA -11.1%, MTRX -10.2%, (Matrix Service issues downside guidance citing negative impacted by charge on a large power project as well as continuing market softness and project delays), TNDM -9.5%, ELLI -9.2%, SYF -7.7%, FTNT -6.7%, RMD -6.5%, VFC -5.8%, GHL -5.1%, BCS -4.7%, SBUX -4.5%, TMST -4.5%, IRMD -4%, ORC -3.9%, ABAX -3.7%, CYTK -3.2%, ATEN -3.1%, CL -3.1%, MHK -2.9%, INTC -2.8%, KLAC -2.8%, BIDU -2%, EXPE -2%, SWKS -1.9%, DRAD -1.9%, RGA -1.5%, LYB -1.5%, CSL -1.4%, COHU -1.3%, FLEX -1.1%, .

M&A news:

TIME -19.1% (reviewed a number of expressions of interest and has determined that the co will continue to pursue its strategic plan), .

Other news:

CRMD -37.5% (lower on light volume after filing for offering of shares of common stock Warrants to purchase up to shares of common stock under Form 424B5)
FCEL -28.1% ( will offer shares of common stock and warrants to purchase shares of common stock in an underwritten public offering)
CYTR -20.5% (prices common stock public offering of approx. 30 mln shares at a purchase price of $0.50/share)
TRXC -11% (commences unit offering, each consisting of one share of its common stock, one Series A warrant to purchase one share of common stock and one Series B warrant to purchase 0.75 shares of common stock)
STAY -4.3% (prices 30 mln paired share offering by selling stockholders)
QCOM -3.8% (informed by Apple (AAPL) that Apple is withholding payments to its contract manufacturers for the royalties those contract manufacturers owe under their licenses with Qualcomm for sales during quarter ended March 31; co lowers Q3 and FY 17 guidance)

Analyst comments: