Gapping up
In reaction to strong earnings/guidance: BPMX +3.4%, UNFI +1.5%, GMS +1.5%
M&A news:
In reaction to strong earnings/guidance: BPMX +3.4%, UNFI +1.5%, GMS +1.5%
M&A news:
- ISIL +9.8% (to be acquired by Renesas (RNECF) for $22.50/share in cash, or approximately $3.2 bln)
- ACTS +7.5% (thinly traded; Action Semi enters into definitive merger agreement for going private transaction at $2.20/share in cash)
Other news:
- KTOS +5.9% (awarded $54 mln contract to provide five Marine Common Aircrew Trainers to the United States Marine Corps)
- P +3.9% (announces the signing of direct licensing agreements for recorded music with Merlin Network, Sony Music (SNE), and Universal Music Group along with The Orchard & over 30 other independent labels/distributors)
- SANM +3.5% (announces $150 million stock repurchase program )
- ATEC +2.2% (granted 510(k) clearance by the FDA for the Battalion Universal Spacer System)
- AMKR +1.4% ( announces new CFO)
- SCTY +1.1% (may be related to positive broker note/commentary)
- EBAY +1% (ChannelAdvisor reports Aug SSS for Amazon +10.5%, eBay's +5.9%)
Analyst comments:
- ERII +5.3% (upgraded to Buy from Hold at Jefferies)
- KATE +2.3% (upgraded to Outperform from Market Perform at Wells Fargo)
- BABY +2.2% (upgraded to Outperform from Mkt Perform at Raymond James)
- LUX +1.9% (upgraded to Buy from Hold at Deutsche Bank)
- NVLS +1.7% (initiated with a Outperform at Raymond James)
- RYAM +1.4% (upgraded to Sector Perform from Underperform at RBC Capital Mkts)
- TXN +1% (upgraded to Outperform from Mkt Perform at Bernstein)