Gapping up
In reaction to strong earnings/guidance: MSTX +11.7%, SYN +7.7%, PAM +6.2%, SPIL +6%, EDIT +4.4%
M&A news: NSPH +69.2% (to be acquired by Luminex (LMNX) for $1.35/share in an all cash transaction valued at ~$58 mln), ANAC +54.3% (to be acquired by Pfizer (PFE) for $99.25/share), TPUB +22.7% (Gannett (GCI) increases all-cash offer to acquire Tribune Publishing (TPUB) to $15/share from $12.25/share), MRD +12% ( to be acquired by Range Resources (RRC) in an all-stock transaction valued at $4.4 bln), TEX +8.2% (confirms the sale of its Material Handling and Port Solutions Business to Konecranes)
Select metals/mining stocks trading higher: IAG +4%, HMY +3.6%, BBL +3.4%, GFI +3.1%, X +2.9%, RIO +2.5%, FCX +2.4%, RIG +2.2%, ABX +1.9%, AG +1.7%, GDX +1.6%, AA +1.3%
Select oil/gas related names showing strength: XCO +7.6%, CHK +3%, SDRL +2.8%, MRO +2.7%, BHP +2.6%, PBR +1.9%, RDS.A +1.3%, BP +1.1%
Other news: GSAT +16.3% (reports the FCC's chairman is learning in favor of approving Globalstar's TLPS), GLBL +8.4% (receives letter which purports to constitute a notice of default), SYN +7.7% (announces 'positive' topline results from second phase 2a clinical trial of SYN-004), INO +7.1% (testing of its synthetic vaccine for the Zika virus induced robust antibody and T cell responses in non-human primates), EDIT +4.4% (announces 3-year agreement with Cystic Fibrosis Foundation Therapeutics to pay up to $5 mln to to 'support' discovery & development of CRISPR; also reported earnings), DLR +2.5% (to replace Time Warner Cable (TWC) in the S&P 500), YHOO +1.7% (Berkshire Hathaway's (BRK.B) Warren Buffett plans to support YHOO bid, according to Reuters), AAPL +1.6% (Warren Buffett discloses new 9.8 mln share stake in Berkshire's latest 13F filing), VRX +0.8% (announces 'enhanced rebate program' to reduce the price of Nitropress and Isuprel for all hospitals in the United States)
Analyst comments: JCP +3.4% (upgraded to Outperform from Neutral at Robert W. Baird)
In reaction to strong earnings/guidance: MSTX +11.7%, SYN +7.7%, PAM +6.2%, SPIL +6%, EDIT +4.4%
M&A news: NSPH +69.2% (to be acquired by Luminex (LMNX) for $1.35/share in an all cash transaction valued at ~$58 mln), ANAC +54.3% (to be acquired by Pfizer (PFE) for $99.25/share), TPUB +22.7% (Gannett (GCI) increases all-cash offer to acquire Tribune Publishing (TPUB) to $15/share from $12.25/share), MRD +12% ( to be acquired by Range Resources (RRC) in an all-stock transaction valued at $4.4 bln), TEX +8.2% (confirms the sale of its Material Handling and Port Solutions Business to Konecranes)
Select metals/mining stocks trading higher: IAG +4%, HMY +3.6%, BBL +3.4%, GFI +3.1%, X +2.9%, RIO +2.5%, FCX +2.4%, RIG +2.2%, ABX +1.9%, AG +1.7%, GDX +1.6%, AA +1.3%
Select oil/gas related names showing strength: XCO +7.6%, CHK +3%, SDRL +2.8%, MRO +2.7%, BHP +2.6%, PBR +1.9%, RDS.A +1.3%, BP +1.1%
Other news: GSAT +16.3% (reports the FCC's chairman is learning in favor of approving Globalstar's TLPS), GLBL +8.4% (receives letter which purports to constitute a notice of default), SYN +7.7% (announces 'positive' topline results from second phase 2a clinical trial of SYN-004), INO +7.1% (testing of its synthetic vaccine for the Zika virus induced robust antibody and T cell responses in non-human primates), EDIT +4.4% (announces 3-year agreement with Cystic Fibrosis Foundation Therapeutics to pay up to $5 mln to to 'support' discovery & development of CRISPR; also reported earnings), DLR +2.5% (to replace Time Warner Cable (TWC) in the S&P 500), YHOO +1.7% (Berkshire Hathaway's (BRK.B) Warren Buffett plans to support YHOO bid, according to Reuters), AAPL +1.6% (Warren Buffett discloses new 9.8 mln share stake in Berkshire's latest 13F filing), VRX +0.8% (announces 'enhanced rebate program' to reduce the price of Nitropress and Isuprel for all hospitals in the United States)
Analyst comments: JCP +3.4% (upgraded to Outperform from Neutral at Robert W. Baird)