Gapping up
In reaction to strong earnings/guidance:
- RH +33.1%, EGAN +28.6%, GPRO +13.5%, (Guidance), VRNT +5.8%, MTRX +2.8%, CONN +0.8%
M&A news:
- TELL +7.8% (enters into agreement to acquire core Haynesville acreage, production and midstream assets)
Other news:
- CLIR +18.9% (announced unanimous approval for funding by the Board of the SCAQMD during their September 1, 2017 meeting to demonstrate ClearSign's Duplex products within the Torrance Refinery)
- CAB +14.7% (Fed approves the purchase of Cabela's Bank)
- AMSC +7.7% (was awarded U.S. Navy contract for insertion of ship protection system on USS Fort Lauderdale, LPD 28)
- CUR +7% (receives two patents which broadly protect methods for using neural stem cells to treat neurodegenerative disorders, a key component of the Co's platform)
- VVUS +6.7% (EMA granted Orphan Drug Designation to the Company's lead clinical candidate tacrolimus, for the treatment of pulmonary arterial hypertension; co remains on track to hold a pre-IND meeting with the FDA by the end of 2017)
- ZAIS +6.2% (confirms receipt of letter from Christian Zugel seeking to pursue discussions to take the Company private by acquiring the issued and outstanding shares of Class A Common Stock at $4.00/share in an all cash transaction)
- ITCI +2.8% (announces 'positive' topline data from the first part of an open-label safety switching study in which 302 patients with stable symptoms of schizophrenia were switched from standard-of-care antipsychotic medications to lumateperone),
- INSM +1.8% (prices offering of 12,281,000 shares of common stock at $28.50)
- GBTC +1.6% (provides update on possible bitcoin cash distribution)
- WSM +1.6% (following RH results)
Analyst comments:
- APTO +8.5% (upgraded to Buy at H.C. Wainwright)
- AZN +3% (initiated with an Outperform at BMO Capital Mkts)
- JUNO +2% (initiated with Overweight ratings at Barclays)
- BLUE +1.7% (initiated with Overweight ratings at Barclays)
- AKS +1.4% (initiated with a Outperform at Macquarie)
- ETSY +1.1% (initiated with a Buy at DA Davidson)
- CAR +1.1% (Goldman upgrades Rental Car sector)
- PX +1% (upgraded to Positive from Neutral at Susquehanna)
- ONCE +0.9% (initiated with Overweight ratings at Barclays)
- X +0.7% (initiated with a Outperform at Macquarie)
