Gapping up In reaction to strong earnings/guidance: SANW +13.3%, QKLS +9.7%, EMAN +8.7%, UPLD +8.2%, ISNS +5.2%, ONTX +5.1%, SINA +1.4%, GLOB +1.3%, ENSV +0.6%, AMGN +0.5%, HOLI +0.5%
M&A news: BAGR +13% (Diversified Restaurant Holdings to acquire eighteen Buffalo Wild Wings restaurants (BWLD) for $54 mln), SZMK +5.1% (acquires mobile advertising demand side platform, StrikeAd; co also reported earnings)
Other news: DRWI +12.2% (announced it has signed a supply agreement for DragonWave microwave radio systems and related services with a leading Indian telecommunications company), TCON +10.6% ( announces that TRC105 has received FDA fast track designation), PTX +8.4% (announces FDA approval for TREXIMET, to treat pediatric patients with acute migraines), UPLD +8.2% (announced $60 mln credit facility for acquisitions; co also reported earnings), ESI +5.5% (discloses confirmation of SEC complaint against it and various of its officers, issues further response), BDSI +4.9% (BioDelivery Sciences and Endo Pharma (ENDP) present pivotal data from two Phase 3 trials demonstrating safety and efficacy of Buprenorphine HCl Buccal Film; Statistically significant percentage of patients on BEMA buprenorphine experienced pain reductions of greater than 30% vs placebo ), YOKU +4.6% (cont strength), NRZ +4.1% (increased quarterly dividend to $0.45/share from $0.38/share), FRO +3.9% (still checking), AMCC +2.7% (Kingdom Ridge Capital discloses 9.85% active stake in 13D filing; Christopher Zepf to join Board), NFLX +2.5% (WSJ details news that Netflix is in discusses to bring content to China), GLUU +1.9% (rebounding following yday's decline), SSE +1.5% (announced entrance into $100 mln in junior lien financing under its term loan facility with BlueMeridian Capital), SHPG +1.5% (cont strength), MOS +1.4% (announces authorization for a new $1.5 billion share repurchase program, and increases its quarterly dividend to $0.275 from $0.25/share ), EBAY +1.1% (eBay names Board of Directors for eBay and PayPal following separation), HMHC +1% (prices 10,575,300 shares of its common stock at $23.00 per share; shares offered by selling shareholders), OIBR +1% (issues response to reports it has retained Credit Suisse to sell its call centers, which employ 11% of its entire workforce), RMD +1% (agreed to sell mute snoring and sleep technology online)
Analyst comments: ADXS +5.7% (initiated with a Buy at Janney and Jefferies), MT +3% (upgraded to Buy at BofA/Merrill), INOV +2.6% (upgraded to Buy from Neutral at Goldman), DEG +2.1% (upgraded to Buy at Rabobank), UPS +1% (upgraded to Buy from Neutral at Goldman), YUM +0.9% (upgraded to Overweight from Neutral at JP Morgan)