Gapping up
In reaction to strong earnings/guidance:
- AMBA +20.3%, BIG +15.9%, DELL +8.9%, JKS +6%, CPB +4.4%, LX +1.8%, WDAY +1.3%
Other news:
- MYOV +14.6% (still checking; scheduled to present at several conferences next month)
- MSGN +11.7% (authorizes $300 mln increase to stock repurchase program (bringing total to $436 mln); to commence $250 mln "modified Dutch auction" tender offer )
- CYH +8.8% (Chairman/CEO bought ~1.2 mln shares worth ~$2.4 mln)
- TSLA +4.7% (report that China will exempt TSLA from tax on auto purchases)
- RRD +2.6% (light volume; NuOrion sends letter to Chairman of R.R. Donnelley "demanding urgent action")
- VMW +2.4% (following DELL earnings/guidance)
- GPRO +1% (ticking higher on strong quarter from AMBA, which is a supplier to GPRO)
Analyst comments:
- DD +1.6% (upgraded to Outperform from Neutral at Exane BNP Paribas)
- ANF +1% (upgraded to Hold from Sell at Deutsche Bank)
- ORTX +0.9% (initiated with Outperform at Oppenheimer)