Gapping up
In reaction to strong earnings/guidance:
- GOOS +11.8%, HOLI +11.2%, MTSI +10%, REZI +8.7%, LX +8.7%, SVMK +8.5%, CTK +7.8%, QIWI +6.4%, USAT +5.3% (files to delay 10-Q citing previously announced ongoing internal investigation; provides prelim quaterly results), PETQ +4.3%, APRN +1.6%
Other news:
- CLD +6.8% (commences review of strategic alternatives - including a potential sale of the Company)
- EGBN +5.4% (will replace Insperity in the S&P SmallCap 600)
- ETSY +2.2% (ticking higher; initiated with Buy rating at BTIG)
- PSO +2% (to sell its property at One Southwark Bridge to M&G Real Estate for GBP 115 mln)
- PENN +2% (to acquire the operations of Greektown Casino-Hotel in Detroit)
- NVDA +1.8% (ahead of earnings Nov 15 after the close)
- RBBN +1.6% (after seeing late rebound, co confirmed it has withdrawn $150 mln proposed offering of convertible senior notes due 2023)
- ORLY +1.3% (O'Reilly Auto increases stock buyback plan by $1 bln; announces it will acquire a Florida-based automotive parts supplier operating 33 stores)
- MMM +1.1% (authorized the repurchase of up to $10 bln of common stock - replacing the existing repurchase program)
- CDAY +1% (prices 11 mln share secondary public offering at $36/share by certain stockholders)
Analyst comments:
- QTT +3.4% (upgraded to Buy from Hold at Deutsche Bank)
- GPI +1.8% (upgraded to Equal-Weight from Underweight at Morgan Stanley)
