Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- MRCY +8.9%, RMD +7.7%, ATI +4.8%, BABA +4.5%, YHOO +3.7%, DHI +2.1%, LPL +1.7%, FITB +1.5%, TRV +0.8%,PTEN +0.4%
M&A news:
- MPSX +24.1% (to be acquired by WestRock (WRK) for $18.00/share)
- RIO +4% (divests its Coal & Allied Industries unit to Yancoal (YACRF) for up to $2.45 bln), .
Select financial related names showing strength:
- BBVA +1.5%, SAN +1.3%, PSO +1.1%, DB +1%
Select metals/mining stocks trading higher:
- BBL +3.8%, BHP +3.3%, FCX +3.1%, VALE +2.8%, CLF +2.5%, .
Other news:
- NAK +13.2% (continued momentum), SYNC +8.1% (thinly traded, extends Google Services Agreement)
- REXX +6.1% (Rex Energy reports Q4 and full-year 2016 production and estimated pricing and provided an operational update; Q4 production growth of 12% year-over-year)
- PLUG +6.1% (announces that for FY16 it deployed 4,010 GenDrive fuel cell units)
- MRUS +4.7% (closed research collaboration with Incyte utilizing Merus' proprietary Biclonics technology platform)
- GLDD +3.3% (confirmed receipt of $88 million award for coastal restoration on the Gulf Coast)
- SIGM +2.4% (Soros increases passive stake)
- JD +2% (in sympathy with BABA)
- RAD +1.7% (modestly rebounding after closing near lows)
- SRLP +1.5% (signs a definitive agreement to purchase the Springfield, Massachusetts refined product terminal assets)
- OSG +0.9% (confirmed SEC agreement resolving previously disclosed investigation into the failure of OSG to record certain tax liabilities)
Analyst comments:
- GPRO +6.2% (hearing estimates raised at Pac Crest)
- DATA +3.2% (upgraded to Buy from Neutral at Citigroup)
- ALSN +0.9% (upgraded to Buy from Neutral at Citigroup)