Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- SPAN +35.3%, (thinly traded), LMNX +20%, MOC +16.9%, CHGG +14.6%,THC +13.9%, IAC +10.2%, CORT +9.1%, TXRH +8.7%, HLTH +8.1%, APTS +7.9%, IPGP +6.6%, ECA +6.5%, INST +6.3%, COH +6.1%, CMI +5.8%, EXEL +4.9%, DAN +4.2%, FLT +4%, (also to acquire Cambridge Global Payments for approximately $675 mln; expected to be immediately accretive to earnings upon closing), CYH +3.4%, (also to sell Tomball and Jourdanton, Texas Hospitals to HCA), BWEN +3.4%, CC +3.1%, GBT +2.9%, IIVI +2.9%,MLM +2.8%, NBL +2.2%, RCII +2.2%, (also mails definitive proxy materials for June 8 meeting), EIGI +2%, ETN +2%, SHPG +1.9%, RYAM +1.8%, EPD +1.8%, CVS +1.6%, BP +1.5%, VSM +1.5%, MA +1.4%, FLS +1.3%, WLK +1.3%, HLT +1.1%, WEC +1.1%, SQNS +0.9%, IVAC +0.8%, EMR +0.7%, PBI +0.7%
M&A news:
-
ANGI +55% (Angie's List and IAC confirm HomeAdvisor to combine with Angie's List; Angie's List stockholders will have the right to elect to receive one share of Class A common stock of ANGI Homeservices or $8.50 per share in cash)
- IAC +10.9%
- NBL +2.2% ( to divest all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer for a total amount of $1.225 billion), .
Other news:
- BDSI +20% (obtains FDA approval of a sNDA for BUNAVAIL buccal film revising the indication to include the use of BUNAVAIL)
- TNXP +5.9% (ssuance of a patent for the composition and manufacture of a unique formulation that characterizes TNX-102 SL)
- LMAT +2.7% (LeMaitre Vascular Inc. (LMAT) will replace First NBC Bank Holding in the S&P SmallCap 600 effective prior to the open on Wednesday, May 3)
- SSL +1.6% (reports 9-month production)
- FMSA +1.2% (Point72 Asset Management increases passive stake)
- RTN +1% (ticking higher; awarded a $327,146,998 Navy contract)
- OREX +1% (announces commercialization of Mysimba; signs Distributorship Arrangement with Navamedic ASA)
Analyst comments:
- DFT +1.1% (upgraded to Overweight at KeyBanc Capital Mkts)