Gapping up
In reaction to strong earnings/guidance:
- SMRT +14.1%, WSM +11.7%, BILI +8.5%, UVV +8%, CPRT +3.8%, LASR +3.6%, MOD +0.5%
Other news:
- BW +18.3% (Steel Partners Holdings files amended 13D -- prepared to acquire all Shares it does not currently own for a price in the range of $3.00-3.50 per Share in cash)
- ACRX +9.5% (announces the acceptance of its NDA resubmission for DSUVIA by the FDA; PDUFA goal date of November 3)
- CELG +1.2% (authorized the repurchase of an additional $3 billion of the Company's common stock)
- IDRA +1% (entered into a clinical trial collaboration and supply agreement with Bristol-Myers)
- HUN +0.9% (approves increase to share repurchase authorization up to $1 Billion; Huntsman also announces a new $1.2 billion unsecured revolving credit facility )
- KR +0.5% (Kroger and Home Chef, the country's largest private meal kit company, announce merger agreement), .
Analyst comments:
- APLS +8.9% (initiated with a Overweight at Cantor Fitzgerald; tgt $52)
- DE +1.5% (upgraded to Buy from Neutral at UBS)
- BABA +0.9% (target raised to $300 from $250 at Raymond James, a Street high)
- AVGO +0.6% (initiated with a Outperform at Evercore ISI; tgt $300)
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