>>> US Gapping up

Gapping up
In reaction to earnings/guidance:
  • SERV +20.6%, VSCO +15.2% (guidance), MRX +14.8%, MRCY +11.7%, GRAL +8.9%, SPHR +8.7%, SDHC +8.4%, XP +7.1%, FLUT +7% (also does not plan to match rival DKNG, which plans to introduce a player surcharge in high-tax states, according to Bloomberg), QFIN +6.6%, SLDB +6.3%, CAH +6.3%, CAE +5.9%, RSKD +5.5%, INTA +4.7%, FATE +4.2%, SVM +3.7%, PFGC +3.4%, UBS +3.1%, NATL +2.4%, NU +2.2%, ESLT +1.3%, DOLE +1%, ARCO +0.8%
Other news:
  • VRCA +22.6% (results from Part 2 of its Phase 2 clinical trial studying VP-315 for the treatment of basal cell carcinoma)
  • ANAB +11% (prices offering of 2,750,498 shares of its common stock at $36.50 per share)
  • HA +10.3% (Hawaiian Holdings discloses that it and Alaska (ALK) agreed with the DOJ to further extend the Review Period until 12:01 a.m., Eastern Time, on August 16, 2024) K +7.9% (Mars confirmed it will acquire Kellanova for $83.50/share in cash)
  • GEO +4.8% (Executive Chairman disclosed the purchase of 250,000 shares at $12.17 - $12.35 worth about $3.1 mln)
  • PFGC +3.4% (enters into a definitive agreement with Cheney Bros. for $2.1 billion in cash)
  • NVST +2.4% (CFO insider buy disclosure - bought 24,532 shares at $16.26 - $16.42 worth approx. $400K)
  • ARM +1.9% (Intel (INTC) discloses that it sold stake in Arm Holdings)
  • BITF +1.8% (Riot Platforms reports beneficial ownership of 18.9% in Bitfarms)
  • ALL +1.7% (to sell American Heritage units to StanCorp for $2 bln in cash)
  • CORZ +1.5% (prices $400 mln of 3.00% convertible senior notes due 2029)
  • LUV +1.4% (Elliott Mgmt to launch proxy fight, according to WSJ; Elliott Management Announces Director Candidates for the Board of Southwest Airlines)
  • RIOT +1.3% (Riot Platforms reports beneficial ownership of 18.9% in Bitfarms)
  • LYFT +1.2% (CEO bought 51,815 shares)
  • ZURA +1.2% (presentation that Phase 2 study for tibulizumab targeting SSc starts in 4Q 2024, followed by HS in 2Q 2025)
  • USFD +1.1% (to repurchase $221 mln of its shares owned by a fund)
  • FIX +1% (increases share buyback authorization to 1 mln shares)