>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • QRVO -19.6% (also taking actions, including factory consolidation and OpEx reductions), OI -14.7%, SAGE -11.4%, LLY -9%, AMD -8.3%, FSLR -7.8%, CRTO -7.4%, TXG -7%, CMG -6% (also authorizes new $900 mln share repurchase program), DVA -5.9%, CDW -5.4%, MTH -4.8%, MLM -4.8%, RMNI -4.7%, CZR -4.5% (also to sell the LINQ Promenade), OTIS -4.2%, GSK -4.1%, MNRO -3.7%, REYN -3.5%, WERN -3.4%, VRNS -3.3%, CAT -3.2%, BLKB -3.1%, GPI -3%, KHC -2.5%, TEL -2.4%, BXC -2.3%, CHE -2.3%, TT -2.2%, UBS -2%, CMCO -2%, MIR -1.9% (also awarded two significant contracts), MOD -1.8%, BMRN -1.8%, ARVN -1.8%, CHEF -1.7%, DAN -1.4%, ATGE -1.3%, ESS -1.1%, PFS -1%, OSK -0.9%, INMD -0.9%, MDLZ -0.8%
Other news:
  • HMST -27.8% (FSUN and HMST asked to withdraw merger)
  • THRY -12.7% (prices offering of 5.715 mln shares of common stock at $14.00 per share)
  • GO -8.5% (announces CEO transition; provides outlook)
  • DJT -5.8% (Barron's out cautious on DJT)
  • HRMY -3.4% (stock offering by selling shareholders)
  • PRVA -2.7% (reports 2023 performance results in Medicare savings program)
  • LFVN -2.5% (reports trial performed on new MindBody GLP-1 System; also reports earnings)
  • CLW -2.4% (to be removed from S&P SmallCap 600)
  • PRCT -2.1% (prices offering of 1,923,076 shares of its common stock at $91.00 per share)
  • OII -1.8% (acquires Global Design)
  • BAC -1.7% (discloses CFPB inquiry update)
  • CHWY -1.5% (Keith Gill liquidates stake)
  • EYPT -1.5% (prices offering of 12,727,273 shares of its common stock at $11.00 per share)
  • GPRO -1.3% (updates restructuring plan; workforce reduction increased to 26% of employees from 15%)
  • CBRL -1.1% (posts investor presentation)
Analyst comments:
  • AGL -2.8% (downgraded to Sell from Neutral at Citigroup)
  • HDSN -2.5% (downgraded to Neutral from Buy at B. Riley Securities)
  • KTOS -1.9% (downgraded to Neutral from Buy at B. Riley Securities)
  • LEA -1.3% (downgraded to Equal Weight from Overweight at Barclays)
  • LYG -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)