Gapping down
In reaction to disappointing earnings/guidance:
- EXTR -26%, CSTE -18.7%, VSLR -12.5%, MB -12.3%, INOV -10.3%, OCUL -9.4%, KRO -9%, AAOI -8.9%, MNST -8.3%, CSPI -8.3%, CUTR -7.3%, MXL -6%, PLNT -5.3%, KGC -5.3%, PZZA -4.6%, EVC -4.5%, HPR -4.3%, HZNP -4.3%, BW -3.8%, CLSD -3.8%, CEVA -3.6%, WEN -3.5%, REI -3.3%, WB -3.3%, FLXN -2.9%, RGR -2.9%, CHUY -2.8%, ARNA -2.8%, ETSY -2.6%, OSTK -2.4%, VGR -2.3%, FOSL -2.2%, (after spiking higher in late trade following the early release of its earnings), PAA -2.2%, RDNT -2.2%, GNK -2.1%, SINA -2.1%, SPWR -2%, ARGX -2%, ING -1.9%, IDRA -1.9%, DVAX -1.5%, NPTN -1.5%, VERI -1.3%, CISN -1.2%, HCKT -1.1%, OPHT -1.1%, DIS -1%, MYL -1%, PTIE -1%
Other news:
- VIRT -5.2% (commences 15 mln common stock offering by selling stockholders)
- WMT -4.5% (confirms agreement to become the largest shareholder in Flipkart Group)
- FHB -2.3% (prices secondary offering of 15.3 mln shares of common stock at $27.75 per share)
- AXGN -2% (prices 3 mln (upsized from 2 mln) common stock offering at $41.00/share)
- UAL -1.1% (reports April traffic; RPMs +5.1%, ASMs +6.1%, load factor -0.9 pts to 82.3%), .
Analyst comments:
- AVGO -1.4% (downgraded to Neutral from Buy at Nomura)
- CROX -1% (downgraded to Hold from Buy at Stifel)
- LXP -0.6% (downgraded to Sell from Hold at Stifel)
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