Gapping up
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- CMTL +15.1% (also to sell power systems product line for $40 mln), LC +3.8% (guides Q3 revs in-line; also announces 14% workforce reduction), WFC +2.1%, UNH +1.3%, NRIX +1.1%, JPM +0.6%
Other news:
- DG +6.9% (brings back former CEO Todd Vasos to be new CEO; also issues guidance)
- VTNR +4.5% (provides operational update for third quarter 2023)
- AVNT +4.4% (increases dividend)
- SHCR +4.2% (confirms takeover proposal from Claritas Capital for $1.35-1.80/sh)
- STKL +2.1% (to sell frozen fruit assets to Nature's Touch for $141 mln; appoints Greg Gaba as new CFO; reports prelim Q3 guidance)
- KR +1.3% (California AG preparing to block KR's deal to acquire ACI according to Bloomberg Law)
- NWN +1.2% (increases dividend)
- REYN +1.1% (names new CFO)
Analyst comments:
- MOR +4.7% (upgraded to Overweight from Underweight at Morgan Stanley)
- HL +3.3% (upgraded to Buy from Neutral at ROTH MKM)
- VRNS +2.5% (upgraded to Overweight from Equal Weight at Barclays)
- KRC +1.5% (upgraded to Buy from Hold at Jefferies)