Gapping up
In reaction to earnings/guidance:
- SE +17%, TGT +7.3%, PLAB +3.4%, CRMT +3%, AAP +2.3%, SKY +2%, HXL +1.8% (provides financial outlook through 2021 at Investor Day), OOMA +1.4%, .
M&A news:
- AVP +4.8% (close to agreement to sell itself to Natura Cosmeticos, according to WSJ)
- CVI +3.7% (to evaluate strategic alternatives; enters into sale agreement for Cushing crude oil terminal)
- CGC +0.5% (to acquire This Works for a purchase price of GBP 43 mln)
Other news:
- LGF.A +4.4% (continued chatter surrounding Starz selling interest)
- IMMR +3.2% (signs haptics license agreement with Panasonic Avionics)
- PVH +2.3% (signs new five-year employment agreement with CEO; appoints Stefan Larsson as President, PVH Group)
- LOVE +1.3% (prices 2.5 mln common stock offering, 1.75 mln of which offered by selling stockholders, at $36.00/share)
Analyst comments:
- FLIR +1.5% (upgraded to Outperform at Imperial Capital)
- ERIC +1.1% (upgraded to Buy from Neutral at BofA/Merrill)
- DO +0.8% (upgraded to Neutral from Underweight at Piper Jaffray)