Gapping up
In reaction to strong earnings/guidance:
- COMM +1%
M&A news:
- CHFC +8.9% (Chemical Financial Corp. and TCF Financial (TCF) will combine in an all-stock merger of equals transaction), TCF +5.9%
Select metals/mining stocks trading higher:
- DRD +3.5%, HMY +1.7%, AU +1.6%, SBGL +1.3%, MT +1%, BHP +0.5%
Other news:
- ARAY +6% (Accuray and China Isotope and Radiation Corporation form JV to manufacture and sell radiation oncology systems in China)
- ZAYO +4.8% (Hearing strength attributed to report that Google (GOOG) and CenturyLink (CTL) are interested in the company)
- USAT +2% (announced that Glen Goold has been appointed interim Chief Financial Officer, effective January 24)
- ALXN +1.2% (Phase 3 study of ULTOMIRIS met its primary objective in complement inhibitor-naïve patients with atypical hemolytic uremic syndrome) DB +0.6% (Bloomberg report that will get funding commitments from Qatari)
Analyst comments:
- MCHX +3.8% (upgraded to Buy from Neutral at ROTH Capital)
- W +3.2% (upgraded to Outperform from Neutral at Credit Suisse)
- GRUB +2.8% (upgraded to Outperform from Neutral at Credit Suisse)
- X +1.7% (upgraded to Equal-Weight from Underweight at Morgan Stanley)
- ZNGA +1.4% (upgraded to Overweight from Sector Weight at KeyBanc Capital Mkts)
- SNX +1.1% (upgraded to Buy from Neutral at Citigroup)
- FISV +0.6% (upgraded to Outperform from Sector Perform at RBC Capital Mkts)