Gapping up
In reaction to earnings/guidance:
- GOGO +6.3%, UNFI +5%, THO +3.7%, CNXC +2.2% (also authorizes up to $500 mln for share repurchases), DAVA +1.1%
Other news:
- FEIM +12.7% (wins contract from Office of Naval Research worth up to $17.75 mln)
- EDR +10.1% (SGMS to sell OpenBet to EDR for $1.2 bln in cash and stock)
- NTUS +6.4% (wins 5-yr govt contract)
- HUN +5.7% (Starboard Value fund has 8+% stake, according to WSJ)
- CVE +3.6% (files for $5 bln mixed securities shelf offering)
- F +3.4% (to invest $11.4 bln to develop electric vehicle campuses, creating 11K new jobs)
- PING +2.6% (acquires Singular Key)
- TAC +2.4% (increases quarterly dividend to $0.05 from $0.0361/share, announces other growth targets)
- GFF +1.6% (authorizes strategic alternative review for its subsidiary Telephonics)
- CLXT +1.1% (announces collaboration with Asian food ingredient manufacturer; will receive cash payments for two years)
Analyst comments:
- POSH +1.6% (initiated with a Buy at Berenberg)