Gapping up
In reaction to earnings/guidance:
- ARCT +25.4%, LU +13% (adds another $700 mln to share buyback program) DDD +12.9%, ORGO +12%, PRPL +10.3%, HALO +9.8%, AMC +8.6%, COMP +8.6%, MODN +8.4%, VRRM +8.4% (approves $100 mln share repurchase authorization) APPS +5.5%, QLYS +5.4%, EVBG +4.5% (announces integration with The Associated Pres) ELY +4.2%, ATRA +3.7%, NTR +3.6%, STE +3.3%, CCXI +2.7%, PEN +2.4%, CHGG +2.3%, OUST +1.4%, TMST +1.4%, ARMK +1.3%, ETH +1.2%, ATCO +1.1%, IIVI +0.9%
Other news:
- ZEV +46.3% (and Forest River, a Berkshire Hathaway (BRK.A) company, entered into a strategic partnership agreement to deploy up to 7,500 zero-emission shuttle buses )
- IMV +28% (announces final topline results of the DeCidE1 clinical trial in advanced recurrent ovarian cancer)
- KXIN +12.7% (plans to enter the smaller size electric vehicle (EV) market in China )
- ASTR +8.8% (awarded Orbital Services Program (OSP)-4 Indefinite Delivery/Indefinite Quantity contract from the Rocket Systems Launch Program of the Space Force)
- KSU +6.5% (Canadian Pacific (CP) submits superior proposal to combine with Kansas City Southern - stock and cash transaction representing an enterprise value of approximately $31 billion)
- PPTA +5.7% (announces antimony supply agreement with Ambri)
- KLDO +4.1% (appoints Theo Melas-Kyriazi as Chairperson of the Board, effective August 9)
- IFRX +3.4% (announces "positive" data from the first 10 evaluable patients in the ongoing Phase IIa open label study with vilobelimab in Pyoderma Gangraenosum)
- ZIOP +2.6% (Provides Second Quarter 2021 Corporate Updates)
- JAZZ +1.4% (GW Pharmaceuticals receives approval for EPIDYOLEX from the MHRA for the treatment of seizures associated with tuberous sclerosis complex )
- GNSS +1.3% (announced a five-year public safety alert software services contract from the municipality of Longueuil, Montreal's second largest suburb and the fifth largest city in Quebec)
- ERJ +0.9% (has agreed the sale of 16 new E175 jets to SkyWest (SKYW) for operation in the Delta Air Lines (DAL) network )
- UBER +0.8% (priced offering of $1.5 billion principal amount of 4.50% Senior Notes due 20290,
Analyst comments:
- FSR +15.1% (resumed with an Overweight at Morgan Stanley; tgt $40)
- ARRY +5.6% (upgraded to Buy from Neutral at ROTH Capital; tgt $25)
- SVC +3.3% (upgraded to Buy from Neutral at B. Riley Securities; tgt $15)
- CDEV +3.2% (upgraded to Buy from Neutral at MKM Partners)
- WHF +3.1% (upgraded to Neutral from Underweight at JP Morgan; tgt $15.50)
- SOHU +3% (upgraded to Buy from Hold at Jefferies; tgt $28)
- GAN +2.5% (initiated with a Buy at Jefferies; tgt $21)
- DIN +1.4% (upgraded to Buy from Hold at Deutsche Bank; tgt $93)