Gapping up
In reaction to strong earnings/guidance:
- STMP +35.1%, ZG +16.5%, DPZ +16%, CYH +14.5%, CAR +11.9%, TXMD +8.8%, CSTM +8.5%, UCTT +7.8%, PRDO +7.4%, XEC +7.3% (also increases dividend), MANT +7%, SNN +6.9%, COMM +6.8%, TRN +6.4%, CGEN +6.3%, MX +6%, i +6%, IMAX +5.1%, SEDG +4.4%, KL +3.6%, KL +3.5%, TSLX +3.5%, TSLX +3.5%, GDOT +3.3%, AGI +3.1%, PXD +2.7% (also increases dividend), MASI +2.6%, LASR +2.6%, MOS +2.4%, HFC +2.3%, ALB +2.2%, SUN +2.2%, FMS +2.2%, EPAM +2.1%, HCC +1.9%, SNBR +1.9%, SYNH +1.9%, SM +1.8%, NCLH +1.7%, FOCS +1.6%, TRGP +1.5%, OGS +1.4%, OVV +1.4%, AROC +1.3%, OVV +1.3%, AEP +1.3%, AROC +1.2%, OIS +1.1%, AXTI +1%
M&A news:
- IOTS +55.2% (to be acquired by Dialog Semiconductor for $12.55 per share)
- ETFC +24.6% (to be acquired by Morgan Stanley in all-stock transaction valued at approx. $13 bln)
- MPC +4.2% (Seven & I Holdings is in discussions to purchase MPC's Speedway gas stations for $22 bln, according to Bloomberg)
- ACM +1% (attributed to M&A speculation)
Other news:
- RMAX +3.3% (increases dividend)
- FL +0.7% (increases dividend)
- ELAN +0.5% (signs deal with MRK to divest Vecoxan for $55 mln)
Analyst comments:
- LZB +1.5% (upgraded to Buy from Hold at Stifel)
- ADI +1% (upgraded to Buy from Neutral at Citigroup)