Gapping up
In reaction to strong earnings/guidance:
- HEI +7.7%, BILI +7.5%, TIF +4.4%, BMO +1.3%
M&A news:
- BRKS +17.7% (Brooks Automation to sell its semiconductor cryogenics business to Atlas Copco for $675 mln in cash)
- AHL +3.2% (to be acquired by Apollo Global (APO) for $42.75/share in cash, or approximately $2.6 bln)
Other news:
- AFMD +162.5% (announces collaboration with Genentech to develop novel NK cell engager-based immunotherapeutics for multiple cancer targets; Affimed will receive $96 million upfront and committed funding and is eligible for up to an additional $5.0 billion including milestone payments, and royalties on sales)
- LSCC +13.1% (appoints Jim Anderson CEO, effective September 4)
- AMD +3.6% (names Saeid Moshkelani as SVP of Client Compute Group; Darren Grasbya named SVP of global Computing and Graphics sales, replacing Jim Anderson who leaves to pursue other opportunities)
- ALNY +2.1% (following AKCA / IONS CRL news)
- ILMN +1.4% (receives approval of MiSeqDx System in China)
Analyst comments:
- COTY +5.9% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- XLNX +3.1% (upgraded to Outperform from Neutral at Robert W. Baird)
- EL +2.1% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- AM +1.6% (upgraded to Buy from Hold at Stifel)
- RH +1.1% (upgraded to Accumulate from Hold at Gordon Haskett)
- FMS +0.6% (upgraded to Buy from Hold at HSBC Securities)
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