Gapping up
In reaction to strong earnings/guidance: NA
M&A news: GTN +10.7% (acquired all of the television and radio stations of Schurz Communications for ~$442.5 mln; expects that the Schurz transaction will be immediately accretive to Gray's free cash flow)
Select oil/gas related names showing strength: SDRL +3.1%, TOT +1%, STO +0.9%, SLB +0.7%
Other news: XNPT +8.8% (positive Phase 2 study results for XP23829 ), JMEI +6% (still checking; light volume), PTLA +5.1% (announces that the second part of its Phase 3 Annexa study), SLW +2.8% (announced it intends to make a normal course issuer bid to purcahse ~20.23 mln common shares on the Toronto Stock Exchange and NYSE), ARMH +2.7% (hosting analyst day today), VNDA +2% (accepts for review, its SNDA for Fanapt as a maintenance treatment of schizophrenia in adults; PDUFA date May 27, 2016), LNG +1.8% (Carl Icahn increased active stake to 9.59% from 8.18% in amended 13D filing), SUNE +1.7% (announced that it will begin construction on the company's first community solar project), GPRO +1.6% (cont strength),PRXL +0.7% (announced a $200 mln share repurchase program)
Analyst comments: WTW +2.8% (upgraded to Buy from Hold at Craig Hallum), FIT +2.5% (initiation at Pac Crest with an Overweight), CS +0.8% (added to Conviction Buy List at Goldman
)
In reaction to strong earnings/guidance: NA
M&A news: GTN +10.7% (acquired all of the television and radio stations of Schurz Communications for ~$442.5 mln; expects that the Schurz transaction will be immediately accretive to Gray's free cash flow)
Select oil/gas related names showing strength: SDRL +3.1%, TOT +1%, STO +0.9%, SLB +0.7%
Other news: XNPT +8.8% (positive Phase 2 study results for XP23829 ), JMEI +6% (still checking; light volume), PTLA +5.1% (announces that the second part of its Phase 3 Annexa study), SLW +2.8% (announced it intends to make a normal course issuer bid to purcahse ~20.23 mln common shares on the Toronto Stock Exchange and NYSE), ARMH +2.7% (hosting analyst day today), VNDA +2% (accepts for review, its SNDA for Fanapt as a maintenance treatment of schizophrenia in adults; PDUFA date May 27, 2016), LNG +1.8% (Carl Icahn increased active stake to 9.59% from 8.18% in amended 13D filing), SUNE +1.7% (announced that it will begin construction on the company's first community solar project), GPRO +1.6% (cont strength),PRXL +0.7% (announced a $200 mln share repurchase program)
Analyst comments: WTW +2.8% (upgraded to Buy from Hold at Craig Hallum), FIT +2.5% (initiation at Pac Crest with an Overweight), CS +0.8% (added to Conviction Buy List at Goldman
)