Gapping up
In reaction to strong earnings/guidance:
- SIG +22.5%, CSIQ +10.7%, SCVL +9.7%, YRD +7.9%, MU +5.1%
Other news:
- GPMT +60.4% (decided to suspend the Company's first quarter 2020 common stock dividend)
- MFA +43.9% (will revoke its previously announced first quarter 2020 quarterly cash dividends on each of the Company's common stock and 7.50% Series B Cumulative Redeemable Preferred Stock)
- DVAX +10% (Dynavax and the Coalition for Epidemic Preparedness Innovations collaborate to support global effort to develop a vaccine to prevent the coronavirus)
- GRFS +8.6% (to collaborate with US govt to produce COVID-19 treatments)
- NBLX +8.1% (approves a 73% reduction of the quarterly distribution)
- TWO +5.7% (sells substantially all of its portfolio of non-Agency securities)
- HPQ +3% (shares letter to shareholders regarding pandemic and XRX offer)
- VIR +2.7% (enters into license agreement with XNCR for use of Xtend in treatment of COVID-19)
- ALK +2.7% (announces suspension of cash dividend)
- WORK +2.4% (reports simultaneously connected users increased from 10.5 million on March 16 to 12.5 million on March 25), .
Analyst comments:
- SYY +3.2% (upgraded to Buy from Hold at Jefferies)
- AMBA +2.4% (upgraded to Buy from Hold at Stifel)
- MTD +0.5% (upgraded to Equal Weight from Underweight at Barclays)