Gapping up
In reaction to earnings/guidance:
- N/A.
M&A news:
- ADSW +19.7% (to be acquired by Waste Management (WM) for $33.15/share in cash, or approximately $4.9 bln)
- WM +3.1%
Other news:
- BOOM +6% (will replace Belmond (BEL) in the S&P SmallCap 600 effective prior to the open of trading on April 18)
- GNMK +4.5% (receives FDA 510(k) market clearance for its ePlex Blood Culture Identification Gram-Negative Panel)
- AUY +3.5% (to sell Chapada mine to Lundin Mining (LUNMF) for total consideration of over $1 bln; increases dividend)
- AXSM +2.5% (announces AXS-05 achieves primary endpoint in phase 2 trial in smoking cessation)
- ALC +1.7% (positive Barrons view)
- LEGH +1.1% (approves $10 mln stock repurchase program)
- WCN +0.8% (in sympathy with WM/ADSW)
Analyst comments:
- LEVI +2.3% (initiated with a Outperform at Telsey Advisory Group)
- WDC +2.2% (upgraded to Buy from Neutral at Longbow)
- HUN +1.9% (upgraded to Buy from Neutral at Nomura)
- DOW +1.6% (upgraded to Buy from Neutral at Nomura)
- WLK +1.5% (upgraded to Neutral from Reduce at Nomura)
- LYB +1.3% (upgraded to Buy from Neutral at Nomura)
- PNW +1.3% (upgraded to Buy from Neutral at BofA/Merrill)
- APAM +1.2% (upgraded to Neutral from Sell at Citigroup)
- FIVE +0.8% (initiated with a Buy at BofA/Merrill)