>>> US Gapping down

Gapping down
In reaction to earnings/guidance:

  • EVA -44.7%, SYNA -19.5% (also authorizes new $500 mln share repurchase program), OPCH -19.2% (also to acquire AMED), UPWK -18.3%, HOUS -17.7%, PRVA -17%, PARA -14.8%, RVLV -10%, FARO -8.4% (also CEO to retire), TNDM -8.3%, ECVT -7.8%, QCOM -7.7%, ARDX -7.5%, SITM -7.2%, ALKT -7.1%, TRIP -6.4%, LESL -5.3%, RGR -5%, CORT -5%, NVCR -5%, NVST -4.9%, QNST -4.9%, AMWL -4.7%, NVO -4.4%, REGN -4%, IRWD -3.9%, AGIO -3.8%, WD -3.7%, PENN -3.7%, FNF -3.6%, ULCC -3.5%, WCC -3.5%, ACEL -3.3%, ICE -3.2%, MAC -3%, CCOI -2.7%, PZZA -2.7%, CDAY -2.6%, GEL -2.6%, ATUS -2.5%, GNK -2.3%, DEN -2.3%, MLM -2.3%, KRO -2.2%, IBP -2.2%, MTG -2%, FORM -2%, WERN -2%, ARHS -2%, JLL -2%, REZI -1.9%, BWA -1.9%, RCM -1.9%, ECPG -1.8%, ARGX -1.8%, CARS -1.8%, GIL -1.7%, OUT -1.7%, IMXI -1.7%, OGN -1.6%, RUN -1.5%, MOS -1.5%, ATO -1.5%, MT -1.5%, INFA -1.4%, INFA -1.4%, BHC -1.4%, MGY -1.3%, BDX -1.3%, STAA -1.2%, MET -1.2% (also authorizes new $3 bln share repurchase program), EVH -1.2%, SWK -1.2%, CG -1.2%, STWD -1.2%, BCE -1.2%, HII -1.2%, ANSS -1.1%, SRE -1.1%, TXG -1%, ZTS -1%

Other news:

  • FHN -41.5% (Toronto-Dominion Bank and First Horizon (FHN) agree to terminate their previously announced merger; TD to make a $200 mln payment to FHN)
  • PACW -37.2% (issues updated financial information; mulling strategic options including sale according to Bloomberg)
  • OPCH -19.2% (OPCH to acquire AMED in all-stock deal) ZYXI -19% ($50 mln convertible note offering; also CEO commences 2 mln share offering)
  • RPHM -15.9% (prices offering of 6.875 mln shares of common stock at $8.00 per share)
  • WAL -14.8% (issues updated financial information)
  • MCB -14% (in sympathy with PACW news)
  • RYI -3.8% (prices offering of 2630700 shares of common stock)
  • VCYT -3.1% (announces data published in journal)
  • SCHW -1.5% (in sympathy with PACW news)
  • AAPL -1.5% (in sympathy with QCOM earnings)

Analyst comments:

  • FULC -4.1% (downgraded to Neutral from Buy at Goldman)
  • SPR -2.1% (downgraded to Market Perform from Outperform at TD Cowen)
  • INCY -1.5% (downgraded to Neutral from Buy at BofA Securities)
  • WING -0.9% (downgraded to Neutral from Buy at Citigroup)