Gapping up
In reaction to strong earnings/guidance:
- PI +17.2%, VECO +14%, SD +13.2%, RDHL +12.1%, SEAS +10.4%, MNK +9.5%, ENDP +8.5%, MTW +8.3%, CROX +7.6%, VSH +7.5%, FRGI +7.3%, CRZO +7.2%, IAG +7%, DF +6.5%, TAST +6.3%, ZBRA +6.2%, MWA +6%, FN +5.9%, VRX +5.5%, EVHC +5.4%, EVRI +4.8%, ATSG +4.6%, RWT +4.6%, STRL +4.5%, EGLT +4.5%, PLOW +4.3%, MGI +4.1%, EVBG +3.9%, EGAN +3.8%, DHX +3.7%, GBT +3.4%, NLS +3.2%, AXSM +3%, KAMN +2.9%, DQ +2.9%, IIN +2.8%, RARE +2.7%, DHT +2.7%, NIHD +2.7%, DPLO +2.6%, HRTG +2.6%, LCI +2.6%, FRTA +2.6%, BCRX +2.5%, DNR +2.3%, MYGN +1.8%, AMC +1.7%, SRLP +1.7%, ACMR +1.7%, AWR +1.6%, HAIN +1.5%, JLL +1.5%, ANDX +1.4%, AES +1.4%, BR +1.4%, CWH +1.4%, ATHM +1.3%, REN +1.1%, OAS +1.1%, SYKE +1%, OHI +1%, WMC +0.9%
M&A news:
- FRED +11.7% (Fred's to sell certain assets of EntrustRx, its specialty pharmacy unit, to a subsidiary of CVS Health (CVS); the aggregate consideration to be paid is $40.0 million, plus an amount equal to the value of inventory of EntrustRx)
- NSU +11.1% (Lundin Mining and Euro Sun disclose proposal to acquire Nevsun Resources for approximately C$1.5 billion -- this proposal has been rejected by Nevsun)
- XCRA +5.1% (to be acquired by Cohu (COHU) for $13.92 per share)
- FOXA +2.8% (lifting on reports that Comcast (CMCSA) is planning to make cash bid)
Other news:
- SNAP +1.5% (CFO Andrew Vollero to depart)
- C +1.2% (WSJ reporting ValueAct is building stake)
- CVA +1% (Pres/CEO disclosed the purchase of 15K shares worth ~$228K)
Analyst comments:
- IQ +1.8% (initiated with a Buy at Goldman)
- LPX +1.4% (upgraded to Buy from Neutral at DA Davidson)
- AAP +1.2% (upgraded to Overweight from Neutral at Atlantic Equities)
- NOC +0.7% (added to Conviction Buy List at Goldman)
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