>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • XOM -5.6% (guidance), GBX -4.5%
Select oil/gas related names showing early weakness:
  • XOM -5.6%, XLE -4.7%, HAL -4.1%, PSX -3.9%, SHEL -3.7%, TTE -3.3%, BP -3.2%, SLB -2.3%,
Other news:
  • TBN -22.9% (prices offering of 2,956,602 shares of Common Stock at $35.00)
  • USO -12.5% (Crude oil collapses after 2-week ceasefire agreement)
  • LXU -11.6% (settlement related to construction of ammonia plant)
  • BETR -11.3% (announces pricing of public offering of class A common stock)
  • VET -10.6% (reports Q1 production; advances portfolio repositioning)
  • STNG -2.4% (prices $325 mln convertible notes; to repurchase ~$100 mln of stock)
  • MGPI -1.7% (to idle two distilling operations; reaffirms FY26 guidance)