Gapping up
In reaction to strong earnings/guidance:
- PLAB +24.3%, GSM +7.9%, KSS +5.4%, RDY +3.5%, CYRN +3.4%, AZO +1.7%
M&A news:
- ADBE +0.8% (to acquire Magento Commerce, a market-leading commerce platform, for $1.68 billion; authorizes New $8 Billion Stock Repurchase Program)
Other news:
- MU +5.6% (announces $10 billion share repurchase authorization)
- NBRV +1.5% (rebounding following Monday's 17% decline)
- BMRN +1.3% (provides an update to its previously reported results of an open-label Phase 1/2 study of valoctocogene roxaparvovec)
- SHPG +1.1% (releases data evaluating Vonvendi in adults with von willebrand disease during and after surgery; Findings suggest potential for more tailored treatment)
- AMGN +0.6% (Amgen's glucocorticoid-induced osteoporosis treatment has been approved by the FDA)
Analyst comments:
- M +2.1% (upgraded to Positive from Neutral at Susquehanna)