Gapping up
In reaction to strong earnings/guidance:
- N/A.
M&A news:
- HESM +7.8% (to acquire Hess Infrastructure Partners LP)
Other news:
- AVYA +16.6% (RingCentral and Avaya enter strategic partnership ; also authorized $500 mln share repurchase program and plans to pay down $250 million of the principal debt under its Term Loan B)
- RNG +6% (RingCentral announces strategic partnership with Avaya)
- MEIP +5% (provides updated data from ongoing Phase 1b study of investigational ME-401 in patients with indolent B-cell malignancie)
- GO +1.7% (prices secondary offering of 13 mln shares of common stock at an initial price to the public of $33.75 per share)
- LGIH +1.3% (Sep closings)
Analyst comments:
- SNAP +2.5% (upgraded to Equal-Weight from Underweight at Morgan Stanley)
- TNDM +2.3% (upgraded to Buy from Neutral at UBS)
- AAPL +1.6% (positive comments from Wedbush analyst Daniel Ives on CNBC)
- SAM +0.9% (upgraded to Neutral from Sell at UBS)