Gapping up
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- GPS +19.0%, ROST +7.0%, UGI +4.4%, FLNC +3.5%, TWST +2.8%, SPB +2.1%
Other news:
- WRAP +4.9% (files for 910,610 shares of common stock by selling shareholders)
- LI +4.0% (unveiled Li MEGA, its high-tech flagship family MPV; orders for Li MEGA have exceeded 10,000 in 2 hours
- ACCD +3.0% (announces repurchase of $76.5 million of 0.50% Convertible Senior Notes due 2026)
- DDS +2.6% (announces special dividend of $20/share on Class A and Class B Common Stock)
- BHF +2.5% (announces $750 million stock repurchase program)
- HBI +2.4% (enters into cooperation agreement with Barington Companies Equity Partners)
- JOBY +2.2% (awarded a $9.8 million California Competes grant by the Governor's Office of Business and Economic Development (GO-Biz) to support continued statewide expansion)
- KRTX +2.0% (announces Positive Results from Phase 1b Ambulatory Blood Pressure Monitoring Trial of KarXT in Schizophrenia)
- FMC +1.9% (outlines new strategic growth plan)
- FSR +1.8% (changed its distribution strategy to rapidly increase global sales and deliveries of the Fisker Ocean SUV)
- THC +1.6% (to sell three Tenet hospitals and related operations in South Carolina for approximately $2.4 billion in cash to Novant Health)
- CALX +1.5% (increases stock repurchase authorization by an additional $100 mln under existing stock repurchase program)
- BGNE +1.4% (receives European Commission approval for BRUKINSA (zanubrutinib) for the treatment of relapsed or refractory follicular lymphoma)
- TECK +1.3% (declared an eligible dividend of $0.125/share on its outstanding Class A common shares and Class B subordinate voting shares ($0.09 was prior dividend)
Analyst comments:
- ASO +2.3% (initiated with a Buy at Truist)
- ZM +2.0% (upgraded to Neutral from Sell at Citigroup)
- ADI +1.9% (upgraded to Overweight from Equal Weight at Morgan Stanley)
- RBLX +1.6% (upgraded to Peer Perform from Underperform at Wolfe Research)
- LULU +1.1% (initiated with a Buy at Truist)