Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- DFFN +16.8%, QD +8.9%, KMDA +4.4%, JP +3.3%, TSN +3%, JD +2.7%, RDHL+2.6%, WUBA +2.4%, PVG +2.3%, FCSC +2.3%, IDXG +1.6%, CUR +0.9%
M&A news:
- MAT +22.6% (Mattel: Hasbro (HAS) is said to have approached Mattel about a possible takeover, according to the WSJ)
- GGP +4.5% (Brookfield Property Partners confirms proposal to acquire remaining GGP shares for $23.00/share)
Other news:
- ARGS +78.3% (reports Phase 3 ADAPT Trial data; demonstrates increase from baseline in antigen-specific memory T-Cells)
- EKSO +28.1% (continued strength)
- NKTR +25.2% (reports first data for NKTR-214 in combination with OPDIVO)
- MBVX +13.8% (to present positive development study results enabling manufacturing of two radionuclide products for Phase 1 clinical trails)
- TOPS +6.9% (still checking)
- PLX +4.3% (announces that the Committee for Orphan Medicinal Products (COMP) of the European Medicines Agency (EMA) issued a positive opinion on the Orphan Medicinal Product Application for pegunigalsidase alfa)
- CREG +2.6% (continued volatility in pre-mkt)
- GE +0.8% (discloses plan to reduce quarterly dividend to $0.12/share from $0.24/share; does not plan to announce breakup or restructuring at investor meeting today, according to WSJ)
- BA +0.7% (Boeing and Emirates Commit to 40 787-10 Dreamliners; Boeing and Azerbaijan Airlines announce deal for 787 Dreamliners, Freighters, 787 landing gear exchange program)
Analyst comments:
- STNG +4.1% (upgraded to Buy from Neutral at UBS)
- AU +3% (upgraded to Outperform at RBC Capital Mkts)
- AVEO +2.6% (initiated with a Buy at B. Riley FBR, Inc.; tgt $5)
- LILA +1.5% (upgraded to Hold from Reduce at HSBC Securities)
- NSU +1.3% (upgraded to Outperform from Neutral at Macquarie)
- ADSK +1.1% (upgraded to Buy from Neutral at Guggenheim)
- UPS +0.9% (initiated on the Conviction Buy List at Goldman)