Gapping up
In reaction to earnings/guidance:
- DISCA +7.9%, KOS +4%, DORM +3.4%, DISH +1%
M&A news:
- CTB +17.1% (Cooper Tire to be acquired by Goodyear Tire & Rubber (GT) in cash and stock deal for implied consideration of $54.36 per share)
- GLOG +16.8% (announces take private transaction with BlackRock's (BLK) global energy & power infrastructure)
- PBCT +10% (to be acquired by M&T Bank (MTB) in an all-stock transaction)
- SVAC +8.9% (Cyxtera agrees to merge with publicly listed Starboard Value Acquisition Corp. in $3.4 bln transaction)
- NSTB +6.4% Northern Star Investment Corp II and Apex Clearing enter merger agreement)
Other news:
- CLSN +55.3% (received Fast Track designation from the FDA for GEN-1 for the treatment of advanced ovarian cancer)
- LIZI +24.4% (announced that its audio product has been launched in Mercedes Benz S-Class cars via Huawei Mobile Services for car)
- VBLT +18.8% (receives green light to OVAL Phase 3 registration enabling study of VB-111 in ovarian cancer)
- PTNR +10% (provides update regarding a possible transaction in the fiber optics field)
- KSS +9.7% (Investor group nominates nine highly-qualified independent candidates for election to Kohl's Board)
- REI +9.2% (provides operational and financial update and initial 2021 plans & guidance in line with new strategic vision)
- BHVN +8.6% (BHV-1200, a multimodal antibody therapy enhancer, demonstrates effective neutralization of multiple strains of COVID-19)
- CGEN +5.6% (expands its clinical collaboration agreement with Bristol Myers Squibb (BMY))
- VXX +3.8% (trading up in response to US futures pre-mkt declines)
- CLA +2.4% (shareholders to approve proposed business combination with Ouster at extraordinary general meeting to be held on March 9, 2021) .
Analyst comments:
- AAL +6.3% (upgraded to Buy from Hold at Deutsche Bank)
- JBLU +2.9% (upgraded to Buy from Hold at Deutsche Bank)
- SAVE +2.2% (upgraded to Buy from Hold at Deutsche Bank)
- DAL +1.9% (upgraded to Buy from Hold at Deutsche Bank)
- ALK +1.7% (upgraded to Buy from Hold at Deutsche Bank)
- TPR +1.1% (upgraded to Outperform from Neutral at Credit Suisse)