Gapping up
In reaction to earnings/guidance:
- J +3%, SJM +1.2%, FUTU +1.1%
Other news:
- IMGO +104.7% (to be acquired by Merck (MRK) for $36.00/share)
- EAF +15.6% (agrees to sell its TitlePoint line of business to Fidelity National Financial for $225 million in cash)
- DIS +8.4% (appoints Robert Iger as CEO)
Analyst comments:
- CMA +1.1% (upgraded to Outperform from Mkt Perform at Raymond James)