Gapping up
In reaction to strong earnings/guidance: PCMI +26%, GRPN +24.6%, OCN+19.8%, QTM +19.2%, ESI +12.7%, CRUS +12.5%, PEIX +11.6%, LOGI +11.3%,AXTI +9.3%, ARRS +8.8%, MKSI +8.3%, VNR +6.7%, LM +6%, ESV +5.8%, NICE+5.1%, BZH +4.2%, FB +3.9%, AEM +3.8%, (also updates on its 2016 exploration activities at the Amaruq project, the Barsele project, the Madrono prospect adjoining the Pinos Altos and Creston Mascota operations and the El Barqueno project ), MRVL +3.7%, BT +3.6%, TTMI +3.4%, SPB+3.4%, NTGR +3.3%, BHI +3.3%, BSX +3.3%, GPN +3.3%, NVCR +3.1%, MMSI+3%, CDE +2.9%, LMAT +2.9%, NGD +2.9%, WFT +2.8%, SXCP +2.6%, TCK+2.6%, RTN +2.5%, ALKS +2.4%, HOLX +2.2%, GPRO +2.2%, LLNW +2%, FOE+2%, (also ends review of strategic alternatives, adds $25 mln to repurchase program), BKCC +2%, O +2%, NVDQ +1.9%, HSON +1.9%, ABCO +1.8%, OSK+1.8%, CAB +1.5%, IART +1.4%, MUR +1.3%, SJW +1.3%, PXD +1.2%, HSY+1.2%, LRCX +1.1%
M&A news: N +18.4% (to be acquired by Oracle (ORCL) for $109/share in cash, or ~9.3 bln), ORCL +2%
Other news:
In reaction to strong earnings/guidance: PCMI +26%, GRPN +24.6%, OCN+19.8%, QTM +19.2%, ESI +12.7%, CRUS +12.5%, PEIX +11.6%, LOGI +11.3%,AXTI +9.3%, ARRS +8.8%, MKSI +8.3%, VNR +6.7%, LM +6%, ESV +5.8%, NICE+5.1%, BZH +4.2%, FB +3.9%, AEM +3.8%, (also updates on its 2016 exploration activities at the Amaruq project, the Barsele project, the Madrono prospect adjoining the Pinos Altos and Creston Mascota operations and the El Barqueno project ), MRVL +3.7%, BT +3.6%, TTMI +3.4%, SPB+3.4%, NTGR +3.3%, BHI +3.3%, BSX +3.3%, GPN +3.3%, NVCR +3.1%, MMSI+3%, CDE +2.9%, LMAT +2.9%, NGD +2.9%, WFT +2.8%, SXCP +2.6%, TCK+2.6%, RTN +2.5%, ALKS +2.4%, HOLX +2.2%, GPRO +2.2%, LLNW +2%, FOE+2%, (also ends review of strategic alternatives, adds $25 mln to repurchase program), BKCC +2%, O +2%, NVDQ +1.9%, HSON +1.9%, ABCO +1.8%, OSK+1.8%, CAB +1.5%, IART +1.4%, MUR +1.3%, SJW +1.3%, PXD +1.2%, HSY+1.2%, LRCX +1.1%
M&A news: N +18.4% (to be acquired by Oracle (ORCL) for $109/share in cash, or ~9.3 bln), ORCL +2%
Other news:
- EVOK +30.2% ( Intracoastal Capital discloses 6.4% passive stake)
- ALR +20% (late move lower on reports of DoJ subpoena)
- HTCH +2.9% ( discloses receipt of letter from the Antitrust Division of the DOJ, which has opened an investigation relating to the sale of suspension assemblies for use in hard disk drives )
- KITE +1.9% (enters into an exclusive, worldwide license with the NIH for intellectual property related to a fully human anti-CD19 chimeric antigen receptor-based product candidate directed against B-cell malignancies)
- BID +1.7% (ticking higher; Taikang Life Insurance discloses 13.52% active stake)
- STB +1% (Student Transportation announces an amended and increased senior credit facility with a new five-year term, and refinancing of one of its subordinated convertible debentures)
Analyst comments:
- HOLX +2.3% (upgraded to Buy from Hold at Evercore ISI)
- SPKE +1.2% (upgraded to Buy from Neutral at Janney)