Gapping up
In reaction to strong earnings/guidance:
- N/A
Select metals/mining stocks trading higher:
- GFI +4%, ABX +1.4%, GOLD +1.1%, AUY +1.1%, GDX +1%, GLD +0.7%
Other news:
- VHC +36.6% (won $500 mln patent infringement suit vs. Apple)
- SPPI +7.9% (continued strength)
- NVTA +4.5% (Baker Bros affirms increased holding)
- HL +1.1% (discloses preliminary Q1 silver and gold production results)
- HLT +0.9% (prices secondary offering of 60 mln shares of common stock by a selling stockholder affiliated with HNA Tourism Group at $73.00 per share)
- RCL +0.8% (modestly rebounding)
Analyst comments:
- SYNA +2.3% (upgraded to Buy from Neutral at Mizuho)
- MAT +1.6% (upgraded to Hold from Underperform at Jefferies)