Gapping up
In reaction to strong earnings/guidance:
- MLHR +11.8% (also increases quarterly cash dividend to $0.21 per share from $0.1975 per share), APOG +6.6%, KBH +6.4%, WBA +1.6%, GMS +0.9%
M&A news:
- WTI +1.3% (announces acquisition of producing properties in the Gulf of Mexico)
Other news:
- VRCA +21.3% (achieves "positive" topline results in phase 2 clinical study of VP-102 in patients with common warts; to host call tomorrow)
- OFG +17.1% (OFG Bancorp to acquire Scotiabank's (BNS) Puerto Rico operation for $550 million in cash and Scotiabank's US Virgin Island branch for $10 million deposit premium)
- NVAX +7.6% (to utilize accelerated approval pathway for licensure for NanoFlu)
- MGI +7% (reports successful refinancing; entered into a new first lien credit agreement and a new second lien credit agreement)
- QD +3.1% (upsized offering of $300 mln in aggregate principal amount of convertible senior notes due 2026)
- AMC +1.1% (reports Stubs A-List has surpassed 860K members)
- QEP +1.1% (after surging higher in late trade on potential PE deal; follow-up to reports of advanced acquisition talks with Elliott Management)
- TEUM +1% (after negative Viceroy report pushed shares ~20% lower on the day)
- AZN +0.8% (positive overall survival results from Phase III CASPIAN trial with Imfinzi in 1st-line extensive-stage small cell lung cancer)
- ARWR +0.7% (granted FDA Fast Track designation for ARO-AAT for the treatment of rare genetic liver disease associated with alpha-1 antitrypsin deficiency)
Analyst comments:
- AAOI +14.9% (upgraded to Neutral from Sell at Rosenblatt)
- KBH +6.4% (upgraded to Overweight from Sector Weight at KeyBanc Capital Markets)
- CROX +3.7% (upgraded to Buy from Neutral at CL King)
- ABEO +2.7% (initiated with a Buy at Mizuho)
- CTL +2.7% (upgraded to Outperform from Market Perform at Wells Fargo)
- GTLS +1.4% (initiated with a Overweight at Morgan Stanley)
- NVDA +1.4% (initiated with an Outperform at Wedbush)
- SHO +1.2% (upgraded to Outperform from Market Perform at Wells Fargo)
- AMD +0.9% (initiated with an Outperform at Wedbush)