Gapping up
In reaction to strong earnings/guidance:
- VIAV +1.8% (raises guidance)
Other news:
- HTZ +4.2% (Carl C. Icahn increases active stake)
- REVG +3.5% (CEO disclosed the purchase of 50K shares)
- IMXI +3.4% (prices secondary offering by affiliates of Stella Point Capital and certain of the Co's other stockholders of 5,217,392 shares of common stock at $12.75 per share)
- PINS +2.5% (continued strength)
- YELP +2.5% (Yelp may be Groupon [GRPN] acquisition target, according to WSJ)
- ITCI +2.1% (10% owner Alafi Capital disclosed the purchase of ~485K shares worth nearly $5 mln)
- VAR +1.1% (addresses tariff exclusion for medical linear accelerators)
- SQ +0.8% (higher after CNBC mention and despite coverage being assumed/downgraded to Hold from Buy at Canaccord Genuity), SPOT +0.8% (Chief Accounting Officer Luca Baratta will resign effective September 16; will appoint Controller of the Company Paul Sawyer as replacement), .
Analyst comments:
- SINT +45.3% (initiated with a Buy at Ascendiant Capital Markets),
- EYPT +5% (initiated with a Buy at Guggenheim)
- APTX +4.7% (initiated with Outperform at Wedbush)
- BPMC +2.8% (upgraded to Outperform from Mkt Perform at Raymond James)
- EGO +2.8% (upgraded to Outperform from Sector Perform at National Bank Financial)
- CRVS +2.4% (initiated with a Buy at Mizuho)
- CVNA +1.6% (initiated with a Buy at Needham)
- BHC +1.1% (initiated with a Buy at Guggenheim)
- FISV +1% (initiated with a Buy at Canaccord Genuity)
- COUP +0.8% (initiated with a Buy at Canaccord Genuity)
- PYPL +0.8% (coverage assumed/upgraded to Buy from Hold at Canaccord Genuity)
- QTWO +0.6% (coverage assumed/upgraded to Buy from Hold at Canaccord Genuity)