Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- ACIA +23.1%, COSI +15.7%, RIBT +15.7%, RUN +12.8%, (also enters into Sales Agreement to offer and sell shares up to $10 mln of its common stock)
- JWN +10%, (also continues to explore and consider alternatives, which may include a possible reorganization), HPJ +9.5%,UTSI +6.6%, XIN +6.3%, EBIO +5.5%
- ITRI +5.3%, AVXL +5%, NVDA +4.4%, JCP +3.3%, (also restating earnings due to error in tax calculation), PLNT +1.5%,PAAS +1.5%, CDXC +1.4%, CATB +1.3
- AYA +1.2%, AVXS +1.1%, DAR +0.5%
M&A news:
- SGI +28.8% (Silicon Graphics to be acquired by Hewlett Packard Enterprise for $7.75 per share in cash; SGI also reported earnings)
- DK +16.9% (Delek US Holdings higher on NYPost report that CVR Energy is planning to make an offer for the company)
- CVI +10.1% (Delek US Holdings higher on NYPost report that CVR Energy is planning to make an offer for the company)
Other news:
- HPJ +9.5% (enters into equity purchase agreement, co will invest $17.3 mln consisting of $5.2 mln in cash & $12.1 mln of power battery equipment into Huizhou Yipeng for a 50% equity interest)
- OCUL +7.1% (cont strength)
- SHLM +4.6% (modestly rebounding following yday's declines)
- PIR +4% (still checking, may be in sympathy with JCP earnings)
- GPRO +1.6% (still checking)
- NOK +1.1% (NOK and China Telecom (CHA) have signed an agreement to expand the deployment of 4G technology in 19 provinces in China)
- CRAY +0.9% (following SGI/HPE acquisition news)
Analyst comments:
- INVN +4.3% (upgraded to Overweight from Sector Weight at Pacific Crest)
- ENDP +2.6% (upgraded to Buy from Neutral at Mizuho)
- CYH +2.5% (upgraded to Neutral from Underperform at Mizuho)
- BBRY +2.3% (upgraded to Outperform from Market Perform at Raymond James)
- BABA +1.4% (added to Conviction Buy List at Goldman; upgraded to Strong Buy from Outperform at Raymond James, among others)
- UA +0.8% (initiated with a Positive at Susquehanna)