Gapping up
In reaction to strong earnings/guidance:
- ELGX +36.6%, LEN +2.8%
Other news:
- TRVN +14.3% (continued momentum)
- ULBI +12.9% (thinly traded; awarded contract valued at approximately $10.9 million to supply Vehicle Amplifier-Adaptors and Mounted Power Amplifiers to Thales Defense & Security)
- JCP +12.2% (appoints Jill Soltau CEO, effective October 15)
- OASM +11.8% (presents positive efficacy and safety data for Doxophos Vet in treatment of naïve dogs with lymphoma)
- TPX +8.8% (reports that Mattress Firm plans to file for bankruptcy)
- AA +6.5% (Norsk Hydro's (NHYDY) alumina refinery Alunorte in Brazil announced that the plant is preparing for full curtailment of its operation)
- PRTK +4.4% (receives FDA approval for NUZYRA)
- GOV +2.2% (Government Properties Income [GOV] has begun a registered public offering of 24,918,421 common shares of Select Income REIT [SIR])
- IR +0.8% (authorized a new share repurchase program of up to $1.5 billion of the company's ordinary shares)
Analyst comments:
- WING +3.7% (upgraded to Buy from Neutral at Guggenheim)
- WP +3% (upgraded to Buy from Neutral at BofA/Merrill)
- KORS +2.7% (upgraded to Buy from Neutral at Citigroup)
- FULT +1.5% (upgraded to Overweight from Underweight at Barclays)
- VNET +1% (initiated with a Buy at Jefferies)
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