Gapping up
News:
- M +6.7% (HBC, parent of Saks Fifth Avenue, to acquire Neiman Marcus Group for $2.65 billion and establish Saks Global, a technology-powered luxury retail company)
- NIU +4.9% (provides second quarter 2024 sales volume update)
- FANH +4.5% (expands its share repurchase program and announces management share buyback program)
- GLNG +4.2% (entered into definitive agreements with Pan American Energy for a 20-year deployment of a Floating Liquefied Natural Gas vessel in Argentina)
- TECK +3% (Q2 operations update; receives regulatory approval for sale of steelmaking coal business)
- PLSE +2.3% (announces the closing of its rights offering)
- TSLA +1.9% (Barron's out positive on TSLA)
- FWRD +1.7% (appointment of Jamie G. Pierson as permanent Chief Financial Officer)
- ETRN +1.5% (announces full redemption of Series A perpetual convertible preferred shares)
- KGC +1.2% (Relevant Gold announces strategic investment by Kinross Gold)
- MUFG +1.1% (signs memorandum of understanding with the eastern economic corridor office of Thailand )
- HEPS +1.1% (announces the fifteen months results of the "Trade and Technology Empowerment for the Earthquake Region" program)
- AZN +1.1% (Tagrisso with the addition of chemotherapy approved in the EU as new 1st-line treatment for patients with EGFR-mutated advanced lung cancer)
- SHEL +1.1% (provides Q2 update; sees Q2 production of 940 - 980 (kboe/d) in integrated gas)
Analyst comments:
- LYG +4.2% (upgraded to Outperform from Neutral at Exane BNP Paribas)