Gapping up
In reaction to strong earnings/guidance:
- WMT +10.5%, BGG +9.2%, LFVN +7.6%, WUBA +7.5%, CSCO +6.7%
Other news:
- SBBP +10.9% (terminates public offering of ordinary shares)
- SYMC +6.7% (Starboard confirms 5.8% active stake, delivered a letter to the Issuer nominating a slate of five director candidates in early July)
- SAIL +2.3% (upsized underwritten public offering of 13.75 mln shares of its common stock by selling stockholders at $28.25 per share)
- MOV +1.8% (to acquire MVMT Watches for initial payment of approx. $100 mln)
- ELF +1.2% (ticking higher after the CEO disclosed the purchase of ~66K shares)
- AMAT +1.1% (ahead of earnings after the close)
- M +1.1% (after closing 16% lower following earnings)
- ADUS +0.8% (prices underwritten public offering of 2.1 mln shares of common stock at the public offering price of $59.00 per share)
- TEVA +0.6% (Teva Pharma and Regeneron (REGN) announce 'positive' topline results from a Phase 3 study of fasinumab in patients with chronic pain from osteoarthritis (OA) of the knee or hip)
Analyst comments:
- AVLR +6.7% (upgraded to Buy from Neutral at Goldman)
- CGC +3.4% (upgraded to Speculative Buy from Hold at Canaccord Genuity)
- BA +2.3% (upgraded to Buy from Neutral at UBS)
- FTI +1.7% (upgraded to Buy from Hold at Jefferies)
- LULU +1.5% (upgraded to Buy from Hold at Argus)
- KMB +0.5% (upgraded to Neutral from Underweight at JP Morgan)
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