Gapping up
In reaction to strong earnings/guidance:
- IGT +16%, WIFI +13.9%, ATSG +9.1%, LVGO +6.7%, SE +5.6%, EVRI +5.3%, KSS +4.6%, SQM +1.8%, PI +1%
M&A news:
- QGEN +16.3% (Thermo Fisher Scientific (TMO) to acquire QIAGEN N.V. in transaction that values QIAGEN at ~$11.5 billion; expected to be immediately accretive)
- TMO +4.1%
- CNR +3.5% (acquires Kleary Masonry; terms not disclosed)
- HPQ +1.1% (Xerox confirms tender offer to acquire HPQ for $24/sh)
- XRX +0.7%
Other news:
- GNMK +22.5% (announces global shipments of ePlex Research Use Only test kits designed to detect SARS-CoV-2 virus)
- OMER +15% (reports updated clinical data from narsoplimab HSCT-TMA clinical trial; results surpass the FDA-agreed efficacy threshold)
- GNW +13.4% (announces agreement in principle with NYDFS regarding proposed Oceanwide acquisition of GNW's NY-domiciled insurance co)
- SIGA +4.3% (announces collaboration with Turnstone Biologics to supply TPOXX)
- UNIT +2.6% (to delay 10-K, lowers dividend)
- TERP +2.6% (to delay 10-K)
Analyst comments:
- TSLA +6.9% (upgraded to Mkt Outperform from Mkt Perform at JMP Securities)
- WW +3.3% (upgraded to Buy from Neutral at Citigroup)
- AMD +2.2% (upgraded to Overweight from Neutral at Piper Sandler)
- UPS +1.9% (upgraded to Buy from Hold at Deutsche Bank)
- YETI +1.3% (upgraded to Buy from Neutral at Citigroup)
- JD +0.7% (upgraded to Buy from Hold at China Renaissance)