Gapping up
In reaction to earnings/guidance:
- TH +13.2% (raises outlook), LEVI +3.6% (also increases dividend by 20%), MRC +3.2% (raises revenue guidance for Q2 and FY22)
Other news:
- SRG +53.9% (filed preliminary proxy materials; appointed Adam Metz as Chairman)
- ANNX +5.8% (announces $130 mln private placement financing)
- HOLI +5.2% (Buyer Consortium announces engagement of financial advisor and reaffirms non-binding indicative offer of $25 per share to acquire Hollysys)
- AHT +5.1% (provides Q2 operating data)
- RDUS +4.5% (Publishes Investor Presentation Outlining Company's Progress and Board Process Resulting in Agreement to be Acquired at Significant Premium)
- HNRG +4.5% (signs new coal contracts; raises FY23 outlook)
- MCRB +4.5% (Flagship Pioneering increased active stake to 18.9% (prior ~15.6%))
- BHR +4.4% (provides Q2 operating data)
- PRVB +3.9% (announces $60 mln private placement)
- FSTX +3.7% (invoX Pharma commences tender offer for F-star Therapeutics Inc. at $7.12/share)
- ADCT +2.3% (announces exclusive license agreement with Sobi to develop and commercialize ZYNLONTA in Europe)
- SAVE +2.1% (Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders)
- JBSS +1.8% (declares special dividend of $1.50/sh)
- ULCC +1.8% (Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders)
- OXY +1.5% (Berkshire Hathaway raises stake)
- NRIX +1.3% (announces $55 mln registered direct offering; also reports earnings)
- JBLU +1.1% (Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders)
Analyst comments:
- XPO +4.2% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- COCO +3.1% (upgraded to Buy from Neutral at BofA Securities)
- IPG +1.5% (upgraded to Overweight from Equal Weight at Wells Fargo)
- HWM +1.4% (upgraded to Buy from Hold at The Benchmark Company)
- OMC +1.1% (upgraded to Overweight from Equal Weight at Wells Fargo)