Gapping up
In reaction to strong earnings/guidance:
- YELP +20.9%, (GrubHub and Yelp (YELP) announce long-term partnership designed to capitalize on each company's unique assets and propel online takeout and delivery; GRUB to acquire Eat24 for 287.5 mln in cash ), GPRO +16.8%, WTW +16.1%, ANET +14.9%, SPPI +13.2%, PDLI +12.4%, (also in earnings slides says currently evaluating the possibility of a new stock repurchase program), ABIO +12.2%, MDRX +11.4%, (Allscripts Healthcare to acquire McKesson's (MCK) hospital and health system IT business, Enterprise Information Solutions, for $185 million in cash), GDP +9.7%, AJRD +9.1%, GEVO +8.6%, CBB +8.3%, CBB +8.3%, MX +7.8%, EPZM +7.6%, IOTS +7.1%, CARA +6.7%, CZR +6.6%, BLDR +6.6%, KND +6.6%, NBIX +6.5%, JOUT +6.5%, ASPN +6.3%, FIVN +6%, CLMT +5.5%, ETSY +5.2%, HDP +5.2%, WU +4.7%, UNVR +4.4%, COWN +4.2%, ARWR +4.1%, AVID +4%, KDMN +4%, MTZ +3.8%, JONE +3.7%, ELY +3.4%, (also Callaway Golf to acquire TravisMathew a golf and lifestyle apparel company, for $125.5 million in an all-cash transaction ), OEC +3.2%, OEC +3.2%, CBM +3.2%, SRC +2.7%, (Spirit Realty Capital announced the planned spin-off of a separate publicly traded REIT ), SRCI +2.7%, ISR +2.3%, AMC +2.3%, IRWD +2.2%, WTI +2.1%, VRNS +2%, FSTR +2%, PGRE +1.9%, BRS +1.8%, PETX +1.8%, TXMD +1.7%, MCHP +1.6%, GSBD +1.5%, CI +1.4%, FFG +1.3%, UNIT +1.3%, BEP +1.3%, CRC +1.1%, JOBS +1.1%, TM +0.9%, AEE +0.9%, .
M&A news:
- UTHR +8.8% (The Evening Standard discusses market rumors that Gilead (GILD) & GSK (GSK) may be eyeing UTHR)
Other news:
- CFRX +6.9% (USPTO issues the co patent for claims related to the Company's proprietary technology for the treatment of influenza through the intranasal or inhaled delivery of neutralizing antibodies, and covers the novel methodology used with CF-404, currently ini a pre-IND stage of development )
- ADP +2.4% (Bill Ackman takes 8% stake)
Analyst comments:
- SRNE +8.5% (initiated with Outperform at Oppenheimer)
- BLRX +3.8% (initiated with Outperform at Oppenheimer)
- GBT +2.8% (initiated with Outperform at Oppenheimer)
- CAR +0.9% (initiated with a Overweight at JP Morgan)