Gapping up
In reaction to strong earnings/guidance: VRA +19.8%, CARA +12.6%, AVAV +11.4%, PLAY +7.2%, FRAN +6.2%, KKD +3.1%, EMKR +2.6%, HELI +1.2%
M&A news: DOW +11.5% (Dow Chemical and Dupont (DD) are considering merger, according to WSJ), DD +10.2% (Dow Chemical and Dupont are considering merger, according to WSJ), MEG +2.9% (Nexstar Broadcasting (NXST) announces it has reached an impasse in its negotiations with Media General after it rejected its revised offer valued at $16.31/share)
Select metals/mining stocks trading higher: HMY +5.5%, RIO +4.7%, BHP +2.4%, BBL +2.3%, NEM +2.1%, VALE +1.9%, AA +1.3%, ABX +0.9%
Other news: OHGI +15.8% (One Horizon signs an agreement to deliver its VoIP service to Globecomm Asia Pte), CARA +15.3% (announces positive top-line results from Phase 2a trial of oral CR845 in chronic pain patients with osteoarthritis of the knee or hip), ICLD +13% (receives over $3 mln in new contracts for professional and managed services in connection with deployment of next generation network solutions as well as Distributed Antenna Systems), OGXI +12.8% (announces that the Data Safety Monitoring Board at the Dana-Farber/Harvard Cancer Center has recommended continuing the Phase 2 Borealis-2 trial), SBLK +12.7% (announced it will sell two modern Capesize vessels and two modern Kamsarmax vessels for $122 mln to unaffiliated 3rd parties; expected to be delivered to the Buyers during 1Q16), WYNN +8.3% (announced CEO purchases 1 mln shares on open market), FC +6.6% (to conduct a $35 mln modified Dutch auction tender offer for shares of its common stock), WPRT +4.9% (awarded $900,000 towards a program to advance natural gas combustion technology),SYT +2.5% (peer to DOW and DD), HTZ +2.2% (Carl Icahn increased active stake to 14.34%), YHOO +1.9% (announces that its Board has unanimously decided to suspend work on the pending plan to spinoff its stake in Alibaba (BABA); will evaluate alternate transaction structures) KBIO +1.8% (discloses various corporate updates in regulatory filing; enters into services agreement with Turing Pharma, approves new auditor, discloses offer of funding from Armistice Capital), STM +1.2% (STM and Synology announced that ST's HD and UltraHD multimedia server-box platform (STiH412) has been selected for Synology's DS216play high-value NAS server for homes and businesses), SUNE +0.9% (signed a 20 year PPA w/ the city of San Diego that will see 6.6 megawatts of solar installed across 25 city-owned sites), MA +0.8% (announces increase in quarterly dividend and $4 billion Class A share repurchase program)
Analyst comments: AXTI +2.4% (upgraded to Buy from Neutral at B. Riley & Co), MXIM +2.2% (upgraded to Buy from Neutral at Nomura)
In reaction to strong earnings/guidance: VRA +19.8%, CARA +12.6%, AVAV +11.4%, PLAY +7.2%, FRAN +6.2%, KKD +3.1%, EMKR +2.6%, HELI +1.2%
M&A news: DOW +11.5% (Dow Chemical and Dupont (DD) are considering merger, according to WSJ), DD +10.2% (Dow Chemical and Dupont are considering merger, according to WSJ), MEG +2.9% (Nexstar Broadcasting (NXST) announces it has reached an impasse in its negotiations with Media General after it rejected its revised offer valued at $16.31/share)
Select metals/mining stocks trading higher: HMY +5.5%, RIO +4.7%, BHP +2.4%, BBL +2.3%, NEM +2.1%, VALE +1.9%, AA +1.3%, ABX +0.9%
Other news: OHGI +15.8% (One Horizon signs an agreement to deliver its VoIP service to Globecomm Asia Pte), CARA +15.3% (announces positive top-line results from Phase 2a trial of oral CR845 in chronic pain patients with osteoarthritis of the knee or hip), ICLD +13% (receives over $3 mln in new contracts for professional and managed services in connection with deployment of next generation network solutions as well as Distributed Antenna Systems), OGXI +12.8% (announces that the Data Safety Monitoring Board at the Dana-Farber/Harvard Cancer Center has recommended continuing the Phase 2 Borealis-2 trial), SBLK +12.7% (announced it will sell two modern Capesize vessels and two modern Kamsarmax vessels for $122 mln to unaffiliated 3rd parties; expected to be delivered to the Buyers during 1Q16), WYNN +8.3% (announced CEO purchases 1 mln shares on open market), FC +6.6% (to conduct a $35 mln modified Dutch auction tender offer for shares of its common stock), WPRT +4.9% (awarded $900,000 towards a program to advance natural gas combustion technology),SYT +2.5% (peer to DOW and DD), HTZ +2.2% (Carl Icahn increased active stake to 14.34%), YHOO +1.9% (announces that its Board has unanimously decided to suspend work on the pending plan to spinoff its stake in Alibaba (BABA); will evaluate alternate transaction structures) KBIO +1.8% (discloses various corporate updates in regulatory filing; enters into services agreement with Turing Pharma, approves new auditor, discloses offer of funding from Armistice Capital), STM +1.2% (STM and Synology announced that ST's HD and UltraHD multimedia server-box platform (STiH412) has been selected for Synology's DS216play high-value NAS server for homes and businesses), SUNE +0.9% (signed a 20 year PPA w/ the city of San Diego that will see 6.6 megawatts of solar installed across 25 city-owned sites), MA +0.8% (announces increase in quarterly dividend and $4 billion Class A share repurchase program)
Analyst comments: AXTI +2.4% (upgraded to Buy from Neutral at B. Riley & Co), MXIM +2.2% (upgraded to Buy from Neutral at Nomura)