>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
:
  • SRC -12.7%, ENTL -11.3%, FTK -11%, COMM -10.3%, CAKE -7.6%, GKOS -6.6%, RUBI -6.3%, AVP -5.8%, MITL -5.4%, BEAT -5.1%, ANDE -5%, CBL -4.4%, OUT -4%, RICE -4%, BCRX -4%, CTL -3.9%, CERS -3.8%, NUS -3.8%,LB -3.4%, EYES -3.1%, FMSA -3.1%, LPI -2.9%, PXD -2.8%, IAC -2.8%,GOGO -2.8%, GSAT -2.8%, DDD -2.4%, LVLT -2.4%, MD -2.2%, AGIO -2.1%,TSLA -1.9%, RIG -1.9%, AUY -1.9%, CRIS -1.9%, CAR -1.8%, PBF -1.7%,RYN -1.6%, DNKN -1.5%, MUR -1.3%, WMGI -1.2%, GTE -1.2%, ZUMZ -1.1%, MUX -1.1%, SSRI -1%, CNQ -1%, HII -1%, RFP -1%, FB -0.9%, ACHN -0.9%, QRVO -0.8%, TCAP -0.8%, OXY -0.8%, KHC -0.7%
Select metals/mining stocks trading lower:
  • VALE -1.7%, HMY -1.4%, AKS -1.2%, ABX -1.1%, NEM -1%, SLW -1%, X-0.9%, CLF -0.8%
Select oil/gas related names showing early weakness:
  • MRO -1.5%, SDRL -1.9%, HES -1.8%, WLL -1.8%, CHK -1.1%, PBR -1.1%,NE -0.9%, OAS -0.9%, HAL -0.8%
Other news:
  • BPMX -30.6% (phase 2b clinical trial evaluating BPX-01)
  • WINT -22.1% (to delist from the NASDAQ, will suspend trading in the Company's shares at the open of business on Friday, May 5, 2017)
  • PETX -12.9% (prices registered direct offering of 5 mln shares at $5.25/share)
  • LNTH -8.9% ( commences 3 mln common stock offering by its existing stockholders )
  • GDDY -3.8% (announces public offering of 24,000,000 shares of Class A common stock; expects to repurchase, from the selling stockholders, an aggregate of $275 million of limited liability company units of Desert Newco)
  • CVNA -2.6% (continued weakness)
  • AMAG -1.5% (commences $250 mln offering of Convertible Senior Notes due 2022 )
  • HNR -1.4% (Harvest Natural confirms payment of of $5.75 per share dividend to be completed May 4, termination of trading, and time of dissolution)
  • MCRN -1.1% (prices 12 mln share common stock offering by certain selling stockholders at $17.20 per share)
  • HUBS -1% ( to offer $300 mln aggregate principal amount of Convertible Senior Notes due 2022, in a private offering)
Analyst comments:
  • FIZZ -5.8% (initiated with a Sell at Maxim Group; tgt $33)
  • GRMN -1.5% (downgraded to Underweight from Neutral at JP Morgan)
  • TSCO -1% (downgraded to Perform from Outperform at Oppenheimer)