>>> US Gapping down

Gapping down

In reaction to earnings/guidance:

  • GTLB -30%, HEAR -11.2% (also extends repurchase program), GETY -10.6%, UAL -4.6% (guidance), SAVE -1.2% (guidance)

Other news:

  • INVA -2.6% (announces FDA Advisory Committee meeting to review Sulbactam-Durlobactam)
  • CS -2.4% (concluded that this material weakness could result in misstatements of account balances or disclosures that would result in a material misstatement to the annual financial statements)
  • LQDT -1.1% (authorizes $8 mln for repurchases)
  • CRSP -0.9% (hires new CFO)

Analyst comments:

  • LU -0.5% (downgraded to Underperform from Neutral at Macquarie)
  • OVV -0.5% (downgraded to Neutral from Overweight at JP Morgan)