Gapping up
In reaction to strong earnings/guidance:
- JPM +2.6%
M&A news:
- APC +31% (to be acquired by Chevron (CVX) in a stock and cash transaction valued at $33 bln, or $65/share)
Other news:
- QD +9.1% (to repurchase remaining shares held by Kunlun)
- BSMX +7.7% (Banco Santander S.A. (SAN) presents offer to acquire all shares of Banco Santander Mexico at 14% premium)
- CGC +4.4% (will replace Goldcorp in the S&P/TSX 60 Index)
- BA +1.3% (extending late move higher on most recent CEO update/comments)
- ALK +1.1% (reports March traffic +0.5% on a 1.3% increase in capacity compared to March 2018; Load factor decreased 0.7 points to 84.2%)
- TGE +0.9% (increases quarterly dividend 1.9% qtr/qtr to $0.53/share)
Analyst comments:
- AXGT +12.1% (initiated with Outperform at Evercore ISI)
- MUR +4.9% (upgraded to Neutral from Sell at Goldman)
- GLYC +2.7% (initiated with an Overweight at Piper Jaffray)
- EDIT +2% (initiated with Outperform at Evercore ISI)
- NTLA +1.8% (initiated with an Outperform at Evercore ISI)
- MLM +1.5% (upgraded to Buy from Neutral at Goldman)
- ORGO +1.4% (initiated with a Buy at BTIG Research)
- UPWK +1.2% (initiated with Buy and $45 tgt at BTIG)
- WDR +1.2% (upgraded to Neutral from Underperform at BofA/Merrill)
- FIXX +1.1% (initiated with Outperform at Evercore ISI)