Gapping up
In reaction to strong earnings/guidance:
- OSPN +26.7%, HSTM +18.7%, LNTH +12.2%, NVTA +9%, LMAT +8.6%, CRMT +8.3%, CDNS +8.1%, GRMN +8%, FIVN +7.5%, DVN +6.5% (also to pursue separation of Canadian and Barnett Shale assets, adds to repurchase authorization, boosts dividend), PFGC +6.4%, LYG +5.7%, FMS +4%, AROC +3.4%, TAST +2.7% (Q4 guidance; also to acquire 166 Burger King and 55 Popeyes restaurants from Cambridge Franchise Holdings in 10 Southeastern and Southern states) LZB +2.6%, DK +2.4%, HBM +2.4%, WIRE +1.2%, HLF +1%, OC +1%, VNTR +1%, CXW +0.9%, LAMR +0.9%, SO +0.8%, GCI +0.8%, BHC +0.8%, .
Other news:
- FCX +2.6% (continued strength)
- SGMO +2.6% (announces FDA acceptance of Investigational New Drug application for ST-920 in the treatment of Fabry disease)
- PCG +2% (continued strength)
- TLRY +1.8% (will acquire all of the issued and outstanding securities of FHF Holdings from Compass Group Diversified Holdings (CODI) for CAD 419 mln in cash and stock)
- ADI +1.7% (increases dividend 12.5% to $0.54/share; raises annual dividend growth target)
- UNIT +1.7% (to sell its Uniti Towers' business in Latin America to an entity controlled by Phoenix Tower International for cash consideration of approximately $100 mln)
- IAG +1.6% (provides 2018 year-end mineral reserve and resource statement)
- TSLA +0.8% (Tesla slightly higher in after hours trade -- Elon Musk tweeted image of 4K cars being loaded for Europe)
Analyst comments:
- KOD +7.2% (initiated with a Buy at Chardan Capital Markets)
- AXL +1.6% (upgraded to Buy from Neutral at BofA/Merrill)
- RIG +1.5% (upgraded to Overweight from Underweight at Barclays)