Gapping up
In reaction to earnings/guidance:
- MAT +6%, ALV +4.6%, ARAY +3.4% (issues upside SepQ and FY22 rev guidance), CLF +3.4%, WSFS +2.8%, GBCI +2.7%, SMPL +2.6%, OLN +2.3%, AXP +1.6%, CMG +1%, CE +0.8%
Other news:
- ATHA +9.1% (CEO resigns; names new CEO and COO)
- VLD +2.9% (stock offering)
- ENDP +2.4% (Presents new XIAFLEX data)
- AMD +2% (in sympathy with weak Intel results)
- KTB +1.9% (increases dividend)
- OLO +1.3% (to acquire Wisely)
- ZIM +1.1% (acquires seven secondhand vessels)
- FANG +1% (RTLR to acquire water midstream assets from parent FANG for $160 mln)
Analyst comments:
- GLOP +4.4% (upgraded to Buy from Hold at Jefferies)
- ZM +2.8% (upgraded to Overweight from Neutral at JP Morgan)
- URBN +2.7% (upgraded to Buy from Neutral at Citigroup)
- IVZ +1.2% (upgraded to In-line from Underperform at Evercore ISI)
- LNN +1% (upgraded to Buy from Hold at Stifel)