Gapping up
In reaction to earnings/guidance:
- CIEN +13.3%, VET +7.1%, UBER +3.9%
Select metals/mining stocks trading higher:
- AU +8.6%, GFI +4.6%, GOLD +2.4%, BHP +2.1%, FCX +2.1%, NEM +1.9%, AUY +1.3%, RIO +1.2%, GLD +0.8%
Select oil/gas related names showing strength:
- USO +3.5%, OIH +2.9%, HAL +2.9%, SLB +2.6%, PSX +2.6%, XLE +2.1%, BP +2.1%, XOM +1.7%
Other news:
- BBBY +69.2% (Comments on Letter from RC Ventures)
- WE +12.2% (reportedly exploring an equity raise in light of recent share losses, according to Bloomberg; issues statement regarding potential equity investment; has "no plans to issue additional equity at this time")
- LLNW +9.3% (acquires Yahoo's Edgecast for $300 mln)
- WEAT +9.2% (Teucrium Wheat may suspend creations in WEAT)
- OXY +9.2% (Warren E. Buffett's Berkshire (BRK.A, BRK.B) discloses 11.2% passive stake)
- WLL +5.9% (Whiting Petroleum and Oasis (OAS) confirm plans to combine in $6.0 bln merger of equals transaction)
- VXX +2.3% Trading higher in response to weakness in futures)
- TPIC +1.9% (files for $200 mln mixed securities shelf offering; also files for 4,666,667 share common stock offering by selling shareholders)
- AGEN +1.7% (Agenus and Targovax ASA announce that they have entered into a clinical collaboration and supply agreement to combine Targovax's TG mutant KRAS cancer vaccines with Agenus´s clinically validated and FDA approved QS-21 STIMULON adjuvant)
- LMT +1.3% (wins a $869 mln contract modification to a previously awarded US Navy contract)
- DAC +1.2% (files mixed securities shelf offering)
- AVB +1.1% (provides Q1 operating update)
Analyst comments:
- NTR +3.5% (upgraded to Overweight from Neutral at Piper Sandler)