Gapping up
In reaction to strong earnings/guidance:
- PDD +8.9%, PSTG +7.2%, PPDF +5.9%, A +5.5% (also authorized new $1.75 bln share repurchase program), CPB +5.1%, NIU +4.7%, ADI +2.9%, XYF +2.4%, URBN +2.1%, GH +1.6%, JACK +0.6%
Other news:
- PEN +4% (indicated higher with a large trade)
- NVS +0.5% (Novartis AG unit Sandoz and Pear Therapeutics announce launch of reSET for treatment of patients with Substance Use Disorder)
Analyst comments:
- EQT +2.2% (upgraded to Buy from Neutral at Goldman)