>>> US Gapping up

Gapping up
In reaction to earnings/guidance
:
  • COTY +5.9% (guidance), SCS +3.3%, GIS +0.5%
Other news:
  • EXAI +27.3% (announces AI drug discovery collaboration with Merck KGaA)
  • CATC +20.9% (CATC to merge with EBC)
  • PBYI +14.4% (treatment of small cell lung cancer (alisertib) granted orphan designation yesterday)
  • ATRA +8.2% (to submit Tab-cel BLA in Q2 following FDA agreement on comparability)
  • UXIN +4.9% (announces RMB1.5 bln equity investment in its Hefei Subsidiary)
  • HAIN +4% (CEO bought 10000 shares)
  • NNDM +4% (receives approval from Israeli court to resume share repurchase plan)
  • TMCI +3.9% (Highlights New Product Innovations and Updated ALIGN3D™
  • Clinical Study Data at the American Orthopaedic Foot & Ankle Society Annual Meeting 2023)
  • DNMR +3.8% (expanding its collaboration with Chevron (CVX) Phillips Chemical)
  • PINS +3.7% (authorizes $1 bln stock repurchase program)
  • SWBI +3.1% (authorizes $50 million stock repurchase program through September 19 2024)
  • NIO +2.7% (prices offering of $500 mln of convertible senior notes due 2029 and $500 mln of convertible senior notes due 2030)
  • SPIR +2.1% (awarded a $2.8 million 12-month contract by the National Oceanic and Atmospheric Administration for satellite weather data)
  • AZN +1.6% (Alexion completes Pfizer (PFE) gene therapy agreement)
  • TRTN +1.5% (BIP receives all regulatory approvals to complete TRTN acquisition)
  • AGX +1.3% (increases dividend)
  • SLVM +1.3% (increases regular dividend by 20%; also declares special dividend of $0.30/sh)
  • MSGE +1.3% (prices secondary offering of 7.15 shares of common stock at $32.50 per share)
  • ALVO +1.1% (provides U.S. regulatory update on AVT02)
Analyst comments:
  • HPP +3.6% (upgraded to Outperform from Market Perform at BMO Capital Markets)
  • AZUL +2.5% (upgraded to Buy from Neutral at Goldman)
  • WING +1.5% (upgraded to Outperform from Neutral at Wedbush)