Gapping up
In reaction to strong earnings/guidance:
- NA.
M&A news:
- BTE +2.6% (Baytex Energy Trust and Raging River Exploration to merge with combined enterprise value of $5 bln, .
Other news:
- PTCT +28.1% (presents prelim data for FIREFISH Program)
- CBPO +22.8% (CITIC Capital submits preliminary, non-binding letter proposing to acquire all of the outstanding share capital of the Issuer for $110 in cash per Ordinary Share)
- VSTM +17.2% (Presents new data for Duvelisib; demonstrates robust clinical activity in CLL)
- JD +7.1% (JD.com and Google (GOOG) announce strategic partnership, Google to invest $550 mln in JD at $40.58/share)
- GERN +6.8% (presents updated data from the ongoing original Part 1 of IMerge)
- DRYS +3.9% (files to withdraw Registration Statement on Form F-1 -- determined not to proceed with the spin-off)
- CYTK +2% (presents Phase 2 data for Reldesemtiv)
Analyst comments:
- FRO +3.8% (upgraded to Outperform from Market Perform at Wells Fargo)
- RF +0.5% (upgraded to Outperform from Sector Perform at RBC Capital Mkts)
![]()