CRAY closed at $38.91 on 02016.05.03 and then reported 1Q'16 results. CRAY opened at $28.90 (down ~26%) on 02016.05.04 and hit an intra-day low of $28.75 before closing at $28.90. Volume was 4.16 million shares versus 0.57 million. 52-week range: $18.00 - $43.79.
"We are off to a good start to our year," said Peter Ungaro, president and CEO of Cray.
I guess Wall Street didn't agree.