Gapping up
M&A related: QCOR +33.5% and MNK +10.4% (Questcor to be acquired by MNK in cash/stock - $30.00 per share in cash and 0.897 Mallinckrodt shares), ZLC +5.2% (Signet Jewelers Limited and Zale Corporation Announce Expiration of HSR Act Waiting Period), CTRP +1.8% (BIDU for CTRP speculation), RHHBY +0.2% (acquires IQuum for $275 mln upfront and up to $175 mln in contingent product related milestones), VOCS halted (to be acquired by GTCR for $18.00 per share).
Other news: TFSL +6.9% (MOU lifted from TFS Financial; new 5 mln share stock repurchase program announced ), AGIO +6.5% (reports initial Phase 1 data demonstrating clinical activity of AG-221, first-in-class inhibitor of IDH2 mutations, in patients with advanced blood cancers), PPHM +3.3% (data presented Support potential of combining Peregrine's PS- Bavituximab With Irradiation in lung cancer), CRH +2.3% (still checking), VOD +2.1% (Barron's profiles positive view on Vodafone ), RIO +1.1% ( Court has upheld ruling blocking RIO expansion into Warkworth Mine, according to reports), SINA +1.1% (Weibo IPO may be valued at $3.9 bln, according to reports ), MU +1% (still checking), CCL +0.8% (still checking), NBR +0.5% (following positive MadMoney mention).
Analyst comments: AGIO +6.5% (upgraded to Overweight from Neutral at JP Morgan), ZNGA +2.4% ( added to the best ideas list.at Wedbush), P +1.4% (upgraded to Outperform from Neutral at Wedbush), YELP +0.8% (upgraded to Outperform from Perform at Oppenheimer), NFLX +0.7% (upgraded to Outperform from Perform at Oppenheimer), INTC +0.2% (upgraded to Outperform from Sector Perform at Pacific Crest),