Gapping up
In reaction to earnings/guidance:
- RELY +14.7%, IOT +11.7%, GSM +10.5%, PSTG +10.3%, BILI +9.7%, SGFY +9.5%, GOGO +8.3%, FLYW +6.6%, BOX +6.3%, PLAN +6.2%, BBY +6.1%, CHPT +5.7%, WB +5.3%, JXN +4.4% (also increases share repurchase authorization by $300 mln, increases dividend by 10%), ZUO +3.9% (also announces $400 mln strategic investment from Silver Lake), SPLK +2% (also names Gary Steele as CEO), NTNX +2%, VLD +1.8%, CNQ +1.5%
Other news:
- CDR +14.4% (co to sell itself and its assets in a series of related all-cash transactions valued at more than $29/sh)
- RMNI +8.2% (files for $200 mln mixed securities shelf offering; also files for offering by selling shareholders; also authorizes $15 mln stock repurchase plan; also reports earnings)
- AAN +4.6% (increases share repurchase program to $250 mln from the original $150 mln)
- MDRX +3.4% (to sell net assets of Allscripts Hospitals and Large Physician Practices business segment)
- MRAM +2.2% (names new CEO)
- NVO +2.1% (providing a progress update on its Strategic Aspirations 2025)
- RSX +1.9% (Treasury takes additional steps to strengthen compliance with Russia-Related Sanctions)
- EGY +1.8% (announces 250% increase in proved reserves at year-end 2021)
- SUM +1.4% (authorizes new $250 mln share repurchase program)
- MGM +1.4% (authorizes new $2 bln share repurchase program)
Analyst comments:
- STNG +4.2% (upgraded to Buy from Neutral at BofA)
- SCPL +2.6% (upgraded to Buy from Neutral at DA Davidson)
- GFS +2.3% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- BIIB +1.6% (upgraded to Outperform from Sector Perform at RBC )