>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • FMC -29.4% (also President stepping down, reduces dividend sharply), SFM -23.9%, WOLF -19.7%, CMG -18%, PI -13.2%, WPP -11.9%, TMDX -10.3%, EBAY -8.8%, META -8.7%, CVNA -8.4%, WNC -7.2%, MUSA -6.4% (also names new CEO; also authorizes new $2 bln share repurchase program and raises dividend), IP -6.2%, ASTL -5.4% (also CEO to retire, names new CEO and new CFO), STLA -5.4%, RRX -5.1% (also CEO to step down), WLK -4.6%, ALSN -4.5%, XRX -4.4%, SPOK -4.1%, ENTG -3.8%, AGI -3.7%, STEM -3.6%, VNT -3.6%, BIO -3.5%, TEX -3.5%, MO -3.5%, BBIO -3.3%, SBUX -3.3%, PBF -3.3%, HWM -3.2%, MC -3.1%, TNK -3.1%, MRK -3.1%, MEOH -2.9%, BIIB -2.9%, MGM -2.8%, ETD -2.5%, MELI -2.4%, EHC -2.3%, FLWS -2.3%, MSFT -2.2%, TTE -2.2%, TT -2.2%, THG -2%, AVB -2%, TAK -2%, EXP -2%, OPCH -2%, CDE -1.9%, VMC -1.7%, PBI -1.6% (also increases dividend), EXR -1.5%, PPC -1.4%, APTV -1.4%, NTGR -1.3%, ARE -1.3%, DBRG -1.1%, TDOC -1%, CSL -1% (also increases share repurchase target to $1.3 bln for the full year)
Other news:
  • NTLA -15.7% (FDA places clinical hold on 2 Phase 3 trials)
  • CLF -9.2% (pricing of its underwritten public offering of 75,000,000 common shares for expected gross proceeds of $964 mln, before discounts and expenses)
  • DBVT -3.6% (sells ~$30 mln of ADSs through its At-The-Market (ATM) program on Nasdaq)
  • BE -3.2% (announced its intention to offer, subject to market and other conditions, $1.75 bln aggregate principal amount of 0% convertible senior notes due 2030 in a private offering; Bloom Energy agreed to issue to Oracle (ORCL) a warrant)
  • ADEA -1.9% (Federal Court of Canada issues favorable judgment)
  • GBTG -1.8% (stock offering by selling shareholders)
  • MNMD -1.2% (prices offering of 18,375,000 common shares at $12.25 per common share)