Gapping up
In reaction to strong earnings/guidance:
- BITA +8.1%, PVTL +7.5%, WPP +2.4%, (WPP plc provides trading update at Annual General Meeting), SMG +0.8%
M&A news:
- ENPH +35.1% (acquiring SunPower's microinverter business)
- FOXA +7.7% (jumps as AT&T-TWX ruling will invite competing bid from Comcast for FOX assets), TWX +3.7% (up after judge gives approval for AT&T to acquire company)
Select stocks trading higher on assumption AT&T-TWX ruling will pave way for approval of their proposed merger:
- LGF.A +7%, CBS +4.5%, VIAB +4.1%, AET +3.6%, ESRX +3.6%, CVS +2.6%, TMUS +1.6%
Other news:
- CAH +2.7% (receives favorable vote from FDA Advisory Committee)
- RGNX +1.3% (receives Fast Track designation for RGX-111 Gene Therapy)
- MRK +0.9% (granted Priority Review for the sBLA for GARDASIL)
Analyst comments:
- S +3.2% (upgraded to Outperform from Mkt Perform at Raymond James)
- HUYA +2.5% (initiated with a Buy at Needham)
- CTRL +1.6% (initiated with a Buy at ROTH Capital)
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