>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:
  • GEVO -32.6%, MYGN -30%, SPWR -29%, (also announces restructuring due to industry conditions), WGBS -24.8%, TDW-17%, (updates status of discussions with lenders / noteholders ), PRGO -12.7%, YUME -10.2%
  • SIF -9.4%, GALE -7%, CYBR -5.5%, DPLO -5.1%, LSCC -4.8%, ARWR -4.5%, OHRP -4.4%, CALL -4.3%, ALDX -4.2%,KORS -4.2%, SEDG -3.8%, OA -3.8%, WEN -3.8%, CALA -3.4%, VSAT -3.3%
  • OMER -2.8%, SPPI -2.1%, NVAX -2%, HTM -1.8%, CTSO -1.8%, (thinly traded), DIS -1.4%, (also Acquires Minority Stake in BAMTech; Disney Investment will Accelerate Growth of Leading Technology and Direct-To-Consumer Video Streaming Company), MATR -1.4%, SPHS -1.4%, JAZZ -1%
Other news:
  • GBSN -9.1% (discloses further issuance of shares to certain holders of its 2015 Notes)
  • RPRX -8.6% (light volume; enters into equity distribution agreement to offer and sell up to $10 mln in shares of common stock)
  • CSIQ -5.5% (following SPWR earnings/guidance/restructuring news)
  • X -4.2% (priced 18.9 mln shares common stock offering (upsized from 17 mln) at a public offering price of $23/share), FSLR-3.6% (following SPWR earnings/guidance/restructuring news)
  • CLF -3.4% (announces underwritten public offering of $300 mln of its common shares)
  • JKS -3.2% (in sympathy with SPWR earnings)
  • ZBH -3.1% (pricing of a ~7.44 mln share secondary common stock offering at $129.75/share by selling shareholders)
  • LY -2.9% (updates on Monarch 2 phase 3 trial of Abemaciclib; an independent Data Monitoring Committee recommended to continue the study without modification as the interim efficacy criteria were not me)
  • VWR -2.8% ( commences 8 mln common stock offering by selling stockholder Varietal Distribution Holdings )
  • LOAN -1.8% (prices underwritten public offering of 672,269 common shares at a price to the public of $5.95 per share)
  • CONE -1.7% (CyrusOne commenced the public offering of 6.8 mln shares of common stock-including 3.4 mln by the Forward Purchaser or its affiliate in connection with the forward sale agreement )
  • PANW -1.2% (following CYBR earnings)
  • TSL -1.1% (following SPWR earnings/guidance/restructuring news)
Analyst comments:
  • NE -2.4% (downgraded to Sell from Hold at Argus)
  • RBS -0.8% (downgraded to Hold from Buy at Investec)