Gapping up
In reaction to strong earnings/guidance:
- WGO +10.7%, EQH +1%
M&A news:
- SYNA +12.4% (Dialog Semiconductor to proceed with due diligence for potential acquisition of Synaptics)
- CVG +5.6% (reports of Synnex M&A talks), SNX +1.2%
Other news:
- EGY +9.1% (provided update - restored significant production from the Avouma 2H well)
- TSRO +6.3% (Intereconomia reports that Roche (RHHBY) is studying an acquisition of the company)
- ZN +4.2% (expects to commence perforation, stimulation and flow back operations on multiple stages of its Megiddo-Jezreel #1 well as early as June 21)
- WBA +3.2% (Walgreens Boot Alliance to replace General Electric in the Dow Jones Industrial Average, effective before the open Tuesday, June 26)
- OBSV +3% (prices underwritten public offering of 4,750,000 common shares at a price of $15.39 per share)
- PRTA +2.1% (announces Phase 1b clinical results of PRX002/RG7935 for Parkinson's Disease has been published in JAMA Neurology)
- ARRY +2.1% (continued strength)
- SD +1.3% (confirms preliminary voting results and agreement with Icahn Capital regarding board composition)
Analyst comments:
- SGMO +6.4% (initiated with a Buy at BofA/Merrill)
- PTCT +3.5% (upgraded to Equal Weight from Underweight at Barclays)
- C +1.3% (upgraded to Buy from Hold at Deutsche Bank)
- ANSS +1.3% (upgraded to Buy from Neutral at Goldman)
- PLNT +1% (initiated with a Buy at Berenberg)