Gapping up
In reaction to earnings/guidance:
- ACN +8.7%, APG +7.9% (raises FY21 revenue guidance), HEI +4.2%, JBL +3.4%, TCOM +3%, FLXS +1.6% (raises revenue guidance, but lowers margin guidance)
Other news:
- CALT +36.7% (FDA approves TARPEYO)
- FREY +14.5% (executed inaugural offtake agreement for at least 31 GWh of low-carbon battery cells with an undisclosed leading global publicly listed manufacturer)
- VRCA +11.5% (FDA accepts NDA for VP-102 for molluscum contagiosum)
- MESO +11.3% (FDA's OTAT in Agreement With 12-Month Reduction in Pain as Primary Endpoint for Chronic Low Back Pain Program)
- GOEV +6.2% (to accelerate and shift production of EVs from Europe to US; increases production guidance and targets; also to explore partnership opportunities with VDL Groep)
- PLUG +5.5% (Plug Power and Edison Motors sign agreement for mass-production of hydrogen-powered city buses)
- MAXR +4.3% (reserves May 15 - Jun 13 window for WorldView Legion launch)
- NVS +4.2% (initiates new $15 bln share buyback)
- MTNB +4% (receives unanimous DSMB approval to progress into fourth and final cohort of patients in the EnACT Trial of MAT2203 )
- STEM +3.8% (acquires Also Energy Holdings for $695 mln)
- ZLAB +3.7% (receives approval for NUZYRA as a Category 1 Innovative Drug)
- AFCG +2.8% (increases dividend)
- HOFV +2.8% (closes on financing for Constellation Center for Excellence)
- ATRS +2.8% (divests Otrexup)
- SAND +2% (declares inaugural dividend of C$0.02/sh)
- MARA +2% (Exec Chairman to retire)
- DAL +2% (announces three-year financial targets and outlook details customer-centric approach at Capital Markets Day)
- APRN +1.8% (plans for co-branded credit card with Aspiration)
- RGLD +1.8% (provides details on fiscal year end change)
- NVAX +1.4% (submits NDA for approval of COVID-19 vaccine in Japan)
- AZO +1% (authorizes additional $1.5 bln in share repurchases)
- V +0.9% (approves $12 bln share repurchase program)
Analyst comments:
- BK +1.4% (upgraded to Overweight from Neutral at JP Morgan)
- BKNG +1.4% (upgraded to Outperform from Sector Perform at RBC Capital Mkts)