Gapping up
In reaction to earnings/guidance:
- AMLX +16.9% (also files mixed shelf), DCGO +10.5% (also awarded $180 mln in contracts), CDMO +8.9%, JBLU +2% (guidance), ALK +1.8% (guidance), GEO +1.3% (guidance), LUV +0.6% (guidance)
Select beaten down financial related names showing strength:
- FRC +41.8% PACW +33.6% WAL +32.3% CMA +14.1% ZION +9.7%
Other news:
- MNTV +19.6% (to be acquired by Symphony Technology Group for $1.5 bln)
- UNVR +13.6% (Apollo (APO) will soon announce agreement to purchase UNVR at $36.15/share according to WSJ)
- BG +8.5% (replacing SBNY in S&P 500)
- UBER +6.1% (court upheld the democratic will of the voters and the fundamentals of Prop 22)
- HYZN +6% (names new CEO)
- DASH +6% (court upheld the democratic will of the voters and the fundamentals of Prop 22)
- LYFT +5.7% (court upheld the democratic will of the voters and the fundamentals of Prop 22)
- ZI +4.6% (announces $100 million share repurchase program)
- AVIR +3.9% (reports new data showcasing favorable profile of Bemnifosbuvir for treatment of COVID-19 and Hepatitis C presented at 2023 International Conference on Antiviral Research)
- NOTE +3.2% (reports it does not hold any cash deposits or securities at Silicon Valley Bank (SIVB) or Signature Bank (SBNY))
- ASTS +2.5% (signs MoU with Saudi Telcom Company)
- FIVE +2.2% (CFO promoted to COO)
- ACHR +2.2% (confirms small amount of cash with SIVB)
- RBBN +1.9% (SIVB closing to not impact operations)
- COLD +1.7% (investment into RSA Cold Chain in Dubai)
- PARA +1.3% (Sean Combs looking to buy BET according to Variety)
Analyst comments:
- CDMO +8.9% (upgraded to Overweight from Sector Weight at KeyBanc Capital Markets)
- MTCH +2.6% (upgraded to Overweight from Equal Weight at Barclays)
- NTLA +2.3% (upgraded to Outperform from Market Perform at BMO Capital Markets)
