Gapping up
In reaction to strong earnings/guidance: SZMK +42.9%, STLY +32.7%, GNW +18.9%, BGFV +14.1%, (also announces new $25 mln share repurchase program), ZAGG +14%, OCLR +11%, BOFI +9.2%, TRUP +8.1%, XCO +7.8%, FIT +7.5%,HDSN +7.1%, XXIA +6.4%, RDCM +5.9%, FUEL +5.8%, (also announces it concurrently entered into a Controlled Equity Offering with Cantor Fitzgerald of up to $30 mln of the $50 mln offering it filed for in May), MEMP +5.8%, ZTS +5.6%, WD+5.5%, XNCR +5%, AVD +4.5%, SHOP +4.4%, WMGI +3.9%, AIG +3.8%, (also adds $3 bln to buyback ), NBR +3.6%,ETSY +3.5%, TWX +3.4%, INSY +3.3%, GORO +3.2%, RIGL +3.2%, FNGN +3.1%, OHI +2.8%, AMSG +2.7%, AR+1.8%, EXK +1.8%, RPXC +1.6%, HLTH +1.5%, CENT +1.4%, CENT +1.4%, BEAT +1.3%, FMI +1.2%, (also announces that the FDA and the Centers for Medicare and Medicaid Services have accepted FoundationOne for Parallel Review), ODP+1.2%, SUPN +1.1%, SE +1.1%, ICE +1.1%, MRCY +1%, ARR +1%, SLRC +1%, FGL +0.9%, OMI +0.8%, NVMI +0.8%
M&A news:
In reaction to strong earnings/guidance: SZMK +42.9%, STLY +32.7%, GNW +18.9%, BGFV +14.1%, (also announces new $25 mln share repurchase program), ZAGG +14%, OCLR +11%, BOFI +9.2%, TRUP +8.1%, XCO +7.8%, FIT +7.5%,HDSN +7.1%, XXIA +6.4%, RDCM +5.9%, FUEL +5.8%, (also announces it concurrently entered into a Controlled Equity Offering with Cantor Fitzgerald of up to $30 mln of the $50 mln offering it filed for in May), MEMP +5.8%, ZTS +5.6%, WD+5.5%, XNCR +5%, AVD +4.5%, SHOP +4.4%, WMGI +3.9%, AIG +3.8%, (also adds $3 bln to buyback ), NBR +3.6%,ETSY +3.5%, TWX +3.4%, INSY +3.3%, GORO +3.2%, RIGL +3.2%, FNGN +3.1%, OHI +2.8%, AMSG +2.7%, AR+1.8%, EXK +1.8%, RPXC +1.6%, HLTH +1.5%, CENT +1.4%, CENT +1.4%, BEAT +1.3%, FMI +1.2%, (also announces that the FDA and the Centers for Medicare and Medicaid Services have accepted FoundationOne for Parallel Review), ODP+1.2%, SUPN +1.1%, SE +1.1%, ICE +1.1%, MRCY +1%, ARR +1%, SLRC +1%, FGL +0.9%, OMI +0.8%, NVMI +0.8%
M&A news:
- STLY +32.7% (Stanley Furniture announces its Board, in its review of strategic alternatives, intends to issue to shareholders two special dividends totaling up to $1.50/share)
- ENT +8.9% (report from M&A blog Betaville (has mentioned ENT in recent weeks) that China's HNA is mulling a potential takeover bid for the company)
- CALM +2.5% (Cal-Maine Foods to acquire substantially all of the assets of Foodonics International and its related entities doing business as Dixie Egg Company; terms not disclosed)
Other news:
- KOOL +39.3% (announces 40-month follow-up results for a number of patients that participated in its earlier feasibility study using its SurgWerks system for the treatment of late stage limb ischemia)
- SVU +4.2% (Supervalu reaffirmed that it is preparing for a separation of Save-A-Lot business; prepared to consider alternatives and is also evaluating a possible sale of Save-A-Lot)
Analyst comments:
- ZNGA +6.7% (upgraded to Outperform from Market Perform at Cowen)
- WMB +1% (upgraded to Outperform from Mkt Perform at Raymond James)