Gapping down
In reaction to disappointing earnings/guidance:
- CUTR -13.6% (guides Q1 revs below consensus, also announces stock offering)
Other news:
- VXX -5.6% (trading lower with US futures up)
- APT -4.8% (negatively impacted by lockdown restrictions lifted)
- LAKE -4.6% (negatively impacted by lockdown restrictions lifted)
- ZM -4% (work from home play negatively impacted by states reopeninging)
- PTON -4% (Trump plan to re-open economy allows for gyms to re-open)
- NLS -3.7% (Trump plan to re-open economy allows for gyms to re-open)
- USO -2.3% (crude oil remains under pressure)
Analyst comments:
- CHWY -4.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)