Gapping up
In reaction to strong earnings/guidance:
- CONN +8.2%
M&A news:
- BLDP +5.4% (to divest non-core power manager business; Deal valued at up to $16 mln)
- TA +2.3% (announces definitive agreement for the sale of Minit Mart convenience store business for approximately $330.8 million to EG Group)
Other news:
- MNKD +47.3% (Mannkind & United Therapeutics (UTHR) enter into worldwide exclusive licensing and collaboration agreement)
- REPH +30.1% (provides regulatory update following receipt of the official meeting minutes from July Type A meeting with the FDA relating to a path forward for intravenous meloxicam)
- BCRX +8.9% (reports positive results across multiple endpoints in ZENITH-1 Trial of Oral BCX7353)
- LOCO +3.8% (authorized $20 mln stock repurchase program effective on Nov 6, 2018 that will terminate on June 26)
- WIT +1.9% (receives 10-year, $1.5 bln contract from Alight Solutions)
Analyst comments:
- PCG +4.1% (upgraded to Buy from Neutral at BofA/Merrill)
- UPS +1.5% (upgraded to Strong Buy from Mkt Perform at Raymond James)
- AMD +1.3% (target raised to $30 at Cowen)
- BSX +1.2% (upgraded to Buy from Hold at Jefferies)
- QCOM +1.1% (upgraded to Outperform from Neutral at Macquarie)
- ROKU +1.1% (initiated with a Buy at Guggenheim)
![]()