>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
:

  • SORL -11.4%, SNX -6%

Other news:

  • ALKS -20.2% (receives refusal to file letter from FDA for ALKS 5461)
  • TSLA -4.7% (to recall 123K Model S units; also Tesla says Autopilot was engaged moments before recent collision)
  • FB -1.3% (cautious Barrons mention)
  • RXII -0.9% (filed $100 mln mixed securities shelf offering)

Analyst comments:

  • FIT -5.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
  • BOFI -1.3% (downgraded to Outperform from Strong Buy at Raymond James)