>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • BILL -30.2%, ELF -26%, WBTN -19.9%, CGC -16.2%, GPRO -13.9%, NBIX -12.7%, SKX -12.4%, LTRX -11.7%, LESL -11.2%, MTX -10%, FBIN -8.8% (also authorizes new $1 bln share repurchase program), CLFD -7.2%, MCHP -6.6%, ONTO -5.5%, CDP -4.9%, ILMN -4.7%, GPRE -3.6%, MATW -3.3%, QLYS -3.1%, AMZN -3%, VSAT -3%, HUBG -2.9%, VCTR -2.8%, CNO -2.8%, CUZ -2.4%, NMIH -2.4% (also increased share repurchase program by $250 mln), AVTR -2.3%, POWL -2%, RGA -1.9%, CXM -1.8% (provides guidance, also announces 15% workforce reduction), ULH -1.3%, CRNC -1.2%, PFG -1.2%, AMRK -1.1%, VRSN -1%
Other news:
  • STIM -23.3% (commences stock offering)
  • ALMS -16.5% (ALMS and SLRN to merge)
  • MUX -13.3% (prices upsized offering of $95 million of convertible senior notes)
  • PROP -7.4% (commences offering of $200 mln shares of common stock)
  • TLRY -3.8% (discloses private debt-for-equity exchange transactions)
  • GRPN -3% (Pale Fire Capital discloses slightly increased active stake of 32.0% (prior 31.3%))
  • TSLA -0.9% (China made EV sales declined 11.5% last month, according to Reuters)
Analyst comments:
  • CXM -1.8% (downgraded to Mkt Perform from Outperform at William Blair)
  • NKE -0.6% (downgraded to Neutral from Buy at Citigroup)