Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- CBK +18.3%, THO +10.8%, TECD +5.5%, AQ +1.8%, MTSC +1.6%, REDU +1.4%, UN +1.2%, (reaffirms FY17 sales outlook; confirms progress with its 2020 program at it annual Investor Event)
M&A news:
- BWLD +6.6% (to be acquired by Arby's Restaurant Group for $157/share in cash)
- EMR +1.2% (withdraws its proposal to acquire ROK for $225/share due to the Boards continued unwillingness to engage in discussions about a potential combination)
Other news:
- APEN +26.3% (confirms FDA clearance for Overstitch)
- ITUS +12.7% (announces that the United States Patent and Trademark Office issued a Notice of Allowance on the second patent filed by the company to protect its cancer detection technology)
- EGLT +12.5% (announces positive top-line results from a phase 3 study evaluating the efficacy and safety of Egalet-002)
- SRRA +9.4% (Perceptive Advisors affirms 7% passive stake)
- VKTX +8.9% (announces positive results from a 12-week, Phase 2 clinical trial of VK5211)
- ARDX +8.4% (Ardelyx and Kyowa Hakko Kirin announce license agreement for Tenapanor)
- AEZS +6.8% (Aeterna Zentaris confirms the Marketing Authorization Application for Macrilen in the evaluation of adult growth hormone deficiency was accepted by the European Medicines Agency for regulatory review)
- BY +6% (Byline Bancorp to acquire First Evanston Bancorp in cash/stock transaction valued at approx $169 mln)
- RDS.A +3% (provides updates at Investor Day; to cancel Scrip Dividend Program from Q4)
- UTSI +2% (after 30% move higher on Monday)
- WGO +1.5% (THO sympathy)
- RDUS +1.1% (Point72 Asset Management increases passive stake)
Analyst comments:
- AQ +1.8% (initiated with a Buy at Deutsche Bank; initiated with Overweight at Barclays, among others)
- MDP +1.2% (upgraded to Buy from Hold at Jefferies)
- TPVG +1.1% (upgraded to Buy from Neutral at Compass Point)
- IBKC +1% (upgraded to Buy from Hold at SunTrust)
- AMZN +0.6% (target raised to $1450 from $1300 at Goldman (Street High))