Gapping up
In reaction to strong earnings/guidance: HZNP +11.9%, SSYS +7.4%, INO +6%,BIND +5.3%, TSN +4.8%, TSEM +4.6%, TEVA +4.1%, ASTC +3.3%, EBIX +3%,IMKTA +2.5%, LPX +2.2%, KOS +1.7%, HCP +1.3%, WLH +0.8%, AES +0.7%
M&A news: KKD +24.6% (to be acquired by JAB Beech for $21/share in cash, or ~$1.35 bln), DEPO +5.9% (NY Post discusses new hopes that Horizon Pharma (HZNP) could enter M&A talks with DEPO; also upgraded to Buy from Neutral at Mizuho), NSAM +5% (NorthStar Asset Mgmt followup to reports it is near a deal to be acquired by Colony Capital (CLNY) ), ARIA +3.9% (Incyte to acquire ARIAD's (ARIA) European operations), APOL +3.4% (shareholders approve $10/share cash acquisition by consortium of investors including Vistria Group, funds affiliated Apollo Global (APO) and Najafi Companies), INCY +1.1% (to acquire ARIAD's (ARIA) European operations & in-license Iclusig for $140 mln & tiered royalties, also reported earnings)
Other news: PTX +17% (cont momentum higher following last week's strength),CHK +6.1% (small rebounding following last week's 30%+ declines), CLLS +5.8% (files for mixed securities shelf offering), VRX +4.1% (reiterates 2016 first quarter guidance, expects to file its Form 10-Q for the quarter ended March 31, 2016 on or before June 10), DDD +3.1% (in symp with SSYS), MYL +2.3% (in sympathy with peer TEVA (- higher after earnings)), BZH +1.5% (director purchases 55,000 shares at ~$7.25/share), BUD +1.3% (still checking, likely surrounding expectations of completion of SABMiller merger)
Analyst comments: SNN +2.2% (upgraded to Buy from Hold at Jefferies), TSLA+1.4% (assumed with a Buy at Dougherty & Company; tgt $500)
In reaction to strong earnings/guidance: HZNP +11.9%, SSYS +7.4%, INO +6%,BIND +5.3%, TSN +4.8%, TSEM +4.6%, TEVA +4.1%, ASTC +3.3%, EBIX +3%,IMKTA +2.5%, LPX +2.2%, KOS +1.7%, HCP +1.3%, WLH +0.8%, AES +0.7%
M&A news: KKD +24.6% (to be acquired by JAB Beech for $21/share in cash, or ~$1.35 bln), DEPO +5.9% (NY Post discusses new hopes that Horizon Pharma (HZNP) could enter M&A talks with DEPO; also upgraded to Buy from Neutral at Mizuho), NSAM +5% (NorthStar Asset Mgmt followup to reports it is near a deal to be acquired by Colony Capital (CLNY) ), ARIA +3.9% (Incyte to acquire ARIAD's (ARIA) European operations), APOL +3.4% (shareholders approve $10/share cash acquisition by consortium of investors including Vistria Group, funds affiliated Apollo Global (APO) and Najafi Companies), INCY +1.1% (to acquire ARIAD's (ARIA) European operations & in-license Iclusig for $140 mln & tiered royalties, also reported earnings)
Other news: PTX +17% (cont momentum higher following last week's strength),CHK +6.1% (small rebounding following last week's 30%+ declines), CLLS +5.8% (files for mixed securities shelf offering), VRX +4.1% (reiterates 2016 first quarter guidance, expects to file its Form 10-Q for the quarter ended March 31, 2016 on or before June 10), DDD +3.1% (in symp with SSYS), MYL +2.3% (in sympathy with peer TEVA (- higher after earnings)), BZH +1.5% (director purchases 55,000 shares at ~$7.25/share), BUD +1.3% (still checking, likely surrounding expectations of completion of SABMiller merger)
Analyst comments: SNN +2.2% (upgraded to Buy from Hold at Jefferies), TSLA+1.4% (assumed with a Buy at Dougherty & Company; tgt $500)