Gapping up
In reaction to earnings/guidance:
- CANG +51.6%, NTNX +9.6%, ANF +8%, AMBA +7.4%, BBY +5.9%, DLTR +5.4%, PLAN +4.4%, J +2.4%, MSP +2%, DKS +1.9%, CBT +1%, TITN +0.5%
M&A news:
- SPI +64.9% (SPI Energy Phoenix Motorcars deploys two electric shuttle buses to the city of Santa Cruz)
- GV +62.3% (to be acquired by First Reserve for $7.00 per Share)
Other news:
- LORL +12.8% (enters into agreement with PSP Investments and Telesat to combine Loral and Telesat into a new public company; investor call and webcast discussion of the transaction today at 4:30 p.m. EST)
- IBIO +6.1% (issuance of U.S. patent covering endostatin peptides for treating fibrosis)
- MNOV +5.1% (announces initiation of Master Virus Seed Stock production for its intranasal COVID-19 vaccine using BC-PIV Vector technology)
- GNLN +4.7% (announced the launch of vapor.com Canada)
- STIM +3.4% (receives FDA clearance for TouchStar treatment)
- CBAT +1.9% (files for $200 mln mixed securities shelf offering)
- DISH +1% (FCC finds that Northstar and SNR are still controlled by DISH Network and therefore remain ineligible for the $3.3 billion in bidding credits that they sought for the licenses they won in Auction 97)
- MKC +1% (announced that it has signed a definitive agreement to acquire the parent company of Cholula Hot Sauce, a premium hot sauce brand that delivers authentic Mexican flavor, from L Catterton, for $800 mln in cash)
- BLK +0.9% (to acquire Aperio for $1.05 bln in cash)
- BMY +0.9% (receives EC approval for Opdivo (nivolumab) as second-line treatment for unresectable advanced, recurrent or metastatic esophageal squamous cell carcinoma) .
Analyst comments:
- NTNX +9.6% (upgraded to Neutral from Sell at Goldman)
- OI +9.3% (upgraded to Buy from Neutral at BofA Securities)
- GE +4.1% (upgraded to Outperform from Perform at Oppenheimer)
- WFC +3.3% (upgraded to Outperform from Underperform at Raymond James)
- AER +3.2% (upgraded to Buy from Neutral at BofA Securities)
- YNDX +3% (upgraded to Buy from Neutral at BofA Securities)