>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • AGL -32.2% (also CEO steps down), INSP -27.3%, ICHR -26.4% (also CEO to step down), NVTS -19.6%, NVRI -16.7%, SES -14.6%, VRTX -14% (also Phase 2 study results for VX-993), CRSP -13.2%, SEMR -13.1%, HIMS -12.4%, IT -12.2%, EPC -11%, EVER -10.8% (also authorizes new $50 mln share repurchase program), KD -8.7%, FOUR -8%, GFS -7%, ODD -6.8%, ANDE -6.7%, MELI -5.7%, AL -5.2%, ETN -5.1%, BRBR -5%, NJR -4.8%, HSIC -4.7%, ARMK -4%, AHCO -4%, IAC -3.9%, ADTN -3.8%, CAT -3.1%, MD -3%, FMS -3%, FANG -2.8%, OCUL -2.6%, OCSL -2.3%, SBRA -2.1%, ALSN -1.7%, BGS -1.5% (also files for $800 mln mixed securities shelf offering), NSA -1.5%, WMB -1.5%, MSA -1.4%, UFPT -1.4%, LCII -1.4%, TAP -1.2%, OKE -1.1%, MPC -1.1%, YUM -1.1%, VOYG -1%
Other news:
  • NVRI -16.7% (Board of Directors has authorized management to conduct a formal process to evaluate and explore strategic alternatives aimed at unlocking shareholder value) SCLX -5.1% (stock offering by selling shareholders)
  • AWK -2.8% (prices offering of 7,042,254 shares of common stock at $142.00 per share)
  • COIN -2.1% (intention to offer, subject to market conditions and other factors, $1.0 bln aggregate principal amount of Convertible Senior Notes due 2029 and $1.0 bln aggregate principal amount of Convertible Senior Notes due 2032 in a private offering)
  • WEAV -2% (names new CTO)
  • SAND -1.6% (supports Royal Gold's (RGLD) acquisition of Kansanshi Gold Stream)
  • BGS -1.5% (files for $800 mln mixed securities shelf offering)
  • KLTR -1.2% (VOD and KLTR extend partnership)
  • GEOS -1% (acquires Heartbeat Detector technology)
Analyst comments:
  • NVO -1.9% (downgraded to Neutral from Buy at UBS)
  • AKAM -1.6% (downgraded to Underweight from Equal Weight at Morgan Stanley)
  • IP -1.2% (downgraded to Neutral from Overweight at JPMorgan)