Gapping up
In reaction to strong earnings/guidance:
- LB +12.3%, CPRT +5%, BJ +3.9%, TNK +3.7%, SDRL +3.3%, MDT +2.2%, BBY +1.9%, NPTN +1.5%
M&A news:
- S +3.7% (Department of Justice Assistant Attorney General Makan Delrahim still open to Sprint (S) / TMUS M&A deal - CNBC)
- TMUS +1.1%
Other news:
- AVP +15.2% (Natura and Avon confirm details of transaction)
- IOVA +6.7% (announces breakthrough therapy designation for LN-145 for treatment of advanced cervical cancer patients who have progressed on or after chemotherapy )
- HCLP +3.5% (unitholders approve conversion to C-corporation - to be named Hi-Crush Inc and common stock will begin trading on NYSE under ticker HCR on June 3)
- SCPL +2.9% (light volume; initiated with Overweight at Stephens)
- EVRI +1.7% (on reports of sale exploration)
- ATRA +1.5% (initiated with Buy at Stifel)
Analyst comments:
- APPN +1% (upgraded to Equal-Weight from Underweight at Morgan Stanley)
- PRO +0.8% (upgraded to Buy from Hold at Stifel)