Gapping up
In reaction to strong earnings/guidance:
- NVRO +21.2% (appoints D. Keith Grossman to the position of CEO, effective today; suspends 2019 revenue guidance), SMAR +10.7%, SCS +6.4%, GIS +5.2%
M&A news:
- SSP +5% (to acquire eight television stations in seven markets from the Nexstar Media Group (NXST) transaction with Tribune Media (TRCO) for $580 mln)
Other news:
- LXRX +9% (ahead of PDUFA date for sotagliflozin in type 1 diabetes in the U.S. on March 22)
- ZEAL +5.3% (Zealand Pharma and Alexion Pharmaceuticals (ALXN) announce collaboration to discover and develop novel peptide therapies for complement-mediated diseases
- FOLD +4% (issued two U.S. patents for ATB200)
- TORC +2.9% (prices offering of 7.2 mln shares of common stock at $6.95 per share)
- SAGE +2.8% (prices 4.5 mln shares of common stock at $23.00 per share)
- AMD +1.9% (continued strength on Google partnership news)
- AMX +1.7% (submits dividend, buyback program proposal for Annual Ordinary General Shareholders Meeting)
Analyst comments:
- CREE +3% (upgraded to Mkt Outperform from Mkt Perform at JMP Securities)
- VOD +1.1% (upgraded to Outperform from Neutral at Macquarie)
- ENDP +0.7% (initiated with Buy at SunTrust)
- AMRX +0.6% (initiated with Buy at SunTrust)
- ANET +0.5% (upgraded to Hold from Sell at Deutsche Bank)
- DLTR +0.5% (upgraded to Outperform at Telsey Advisory Group)