Gapping up
In reaction to strong earnings/guidance:
- FOLD +4.3% (guidance update), BKE +1.2% (Sep comps), HRL +0.4% (guidance update)
M&A news:
- RARX +104.3% (to be acquired by UCB for $48/share in cash)
Other news:
- BBBY +22.2% (appoints Mark Tritton as President and Chief Executive Officer)
- PUMP +6.5% (announces substantial completion of fact finding for its previously disclosed internal review; also announces CFO transition and Executive Chairman appointment and provides operational update)
- PRNB +0.7% (positive preliminary data from its Phase 2 pemphigus, open-label, trial)
Analyst comments:
- PUMP +6.5% (upgraded to Overweight from Neutral at Piper Jaffray)
- PSTG +5.4% (upgraded to Buy from Neutral at Goldman)
- QRVO +3.7% (upgraded to Outperform from Market Perform at Cowen)
- FCX +2.7% (upgraded to Buy from Neutral at UBS)
- SWKS +2% (upgraded to Outperform from Market Perform at Cowen)