>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • STEM -37.3% (also names new CFO), EBS -34.9%, NVRO -32.2%, CYRX -22.8% (also announces $200 mln repurchase program and repurchase of $160 mln of convertible notes), TREX -17.2%, JBI -17.2%, PGNY -16.6%, SMCI -14.9% (also announces 10-for-1 stock split), CRL -14.8%, ABNB -14.7%, TRIP -14.4%, LYFT -13.2%, ACAD -13.1%, EYE -10.5%, RIVN -9.5%, LAZR -8.9%, HDSN -8.5%, LPX -8.5%, HLLY -8.5%, AMSC -8%, ESTA -6.9%, SHO -6.8%, ASH -6.5%, QLYS -5.9%, RDFN -5.8%, ODP -5.8%, KRNT -5.7%, OR -5.6%, VECO -5.5%, STE -5.5%, FLYW -5.2% (also acquires Invoiced), CCO -4.9%, CERT -4.8%, NVO -4.5%, MBC -4.4%, IMXI -4.2%, EVCM -4.1% (also names new CFO), SHLS -4%, LOPE -3.7%, VSH -3.5%, IRBT -3.4% (also names new COO), POWI -3.4%, TOST -3.3%, TEM -3%, HLT -3%, EMR -2.6%, CPNG -2.5%, AMGN -2.2%, AIN -2.1%, WMG -2.1%, BGS -1.8%, WPP -1.8%, DIN -1.8%, ENLC -1.7%, BAM -1.7%, VVV -1.6%, RXO -1.5%, ROK -1.5%, DNOW -1.3%, REYN -1.3%, AWR -1.2% (also increases dividend), GOGO -1.2%, MEG -1.1%
Other news:
  • PRCH -19.1% (files new application to form and license a Texas reciprocal insurance exchange)
  • ANIP -9.9% (convertible of $250 mln of senior notes offering)
  • PGEN -4.4% (commences $30 mln stock offering)
  • EXPE -3.3% (in sympathy with weak ABNB earnings)
  • MYO -2.4% (files $100 mln mixed shelf securities offering)
  • LOGI -1.9% (names new CFO)
Analyst comments:
  • BCYC -1.7% (downgraded to Neutral from Buy at B. Riley Securities)
  • VSTO -1% (downgraded to Neutral from Buy at B. Riley Securities)
  • TAP -0.5% (downgraded to Hold from Buy at TD Cowen)