Gapping up
In reaction to strong earnings/guidance:
- LULU +6.7%, BB +4.8%, QIWI +4.7%, WBA +3.1%
M&A news:
- RSPP +19.1% (Concho Resources (CXO) will acquire RSPP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP's net debt; representing consideration to each RSP shareholder of $50.24/share)
- SHPG +17.9% (Takeda (TKPYY) says it is considering making an approach to Shire regarding a possible offer for the company)
Other news:
- ANW +21.3% (announces expiration of share purchase agreement)
- DXCM +4.3% (FDA has granted a De Novo request for the Dexcom G6 CGM System, the newest generation of CGM for people with diabetes ages 2 and up)
- ASMB +2.6% (announces acceptance of ABI-H0731 Phase 1b interim data as a late-breaker poster at The International Liver Congress)
- FB +1.8% (details initiative to 'put people more in control of their privacy')
- LAND +1.1% (prices 1.1 mln shares of common stock at a price to the public of $12.15 per share)
Analyst comments:
- CGG +5.8% (upgraded to Buy from Sell at Goldman)
- TNDM +5.1% (upgraded to Outperform from Market Perform at Cowen)
- UN +2.8% (upgraded to Buy from Neutral at UBS)
- ELVT +1% (initiated with a Buy at UBS)
- VZ +1% (upgraded to Buy from Hold at HSBC Securities)
- T +0.6% (upgraded to Buy from Hold at HSBC Securities)
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