Gapping up
In reaction to strong earnings/guidance: SONC +2%, MU +1.1%.
M&A news: STBZ +4% (State Bank Financial to acquire Georgia-Carolina Bancshares and its wholly-owned subsidiary in a cash and stock transaction with a purchase price of ~$82 million, or $22.35 per share).
Select metals/mining stocks trading higher:GFI +1.9%, MUX +1.8%, IAG +1%, AU +0.8%, EGO +0.7%, SLV +0.7%, MT +0.7%, AUY +0.6%, GG +0.5%.
Other news: XGTI +80% (awarded subcontractor position on $497 mln multiple-award contract for communications and networking services to U.S. Army), VRTX +53.6% (Two 24-week Phase 3 studies of Lumacaftor in combo with Ivacaftor met primary endpoint with statistically significant improvements in lung function), CRMD +24.8% (finalized pivotal Phase 3 study protocol for FDA), FRO+7.5% (cont strength), WIX +5.6% (surpasses 50 million users worldwide ), ZPIN +4.3% (Tiger Global Investments disclosed 18.6% passive stake in 13G filing), HCLP +2.1% (announced new long-term frac sand purchase agreement with Halliburton), TTM +2% (strong mkts in India overnight), CAW +1.2% (stated its policy is not to comment on unusual market activity), EXK +1.1% (drilling continues to intersect high grade silver-gold mineralization in La Luz-Asuncion Vein at Bolanitos Mine), IBN +1.1% (strong mkts in India overnight).
Analyst comments: CDE +1.5% (upgraded to Mkt Perform from Underperform at BMO Capital Mtkts), HTGC +1.4% (upgraded to Outperform from Market Perform at Wells Fargo), BBY +0.8% (initiated with a Overweight at Morgan Stanley), SBH +0.6% (initiated with a Overweight at Morgan Stanley), WEC +0.5% (upgraded to Outperform from Market Perform at Wells Fargo)
In reaction to strong earnings/guidance: SONC +2%, MU +1.1%.
M&A news: STBZ +4% (State Bank Financial to acquire Georgia-Carolina Bancshares and its wholly-owned subsidiary in a cash and stock transaction with a purchase price of ~$82 million, or $22.35 per share).
Select metals/mining stocks trading higher:GFI +1.9%, MUX +1.8%, IAG +1%, AU +0.8%, EGO +0.7%, SLV +0.7%, MT +0.7%, AUY +0.6%, GG +0.5%.
Other news: XGTI +80% (awarded subcontractor position on $497 mln multiple-award contract for communications and networking services to U.S. Army), VRTX +53.6% (Two 24-week Phase 3 studies of Lumacaftor in combo with Ivacaftor met primary endpoint with statistically significant improvements in lung function), CRMD +24.8% (finalized pivotal Phase 3 study protocol for FDA), FRO+7.5% (cont strength), WIX +5.6% (surpasses 50 million users worldwide ), ZPIN +4.3% (Tiger Global Investments disclosed 18.6% passive stake in 13G filing), HCLP +2.1% (announced new long-term frac sand purchase agreement with Halliburton), TTM +2% (strong mkts in India overnight), CAW +1.2% (stated its policy is not to comment on unusual market activity), EXK +1.1% (drilling continues to intersect high grade silver-gold mineralization in La Luz-Asuncion Vein at Bolanitos Mine), IBN +1.1% (strong mkts in India overnight).
Analyst comments: CDE +1.5% (upgraded to Mkt Perform from Underperform at BMO Capital Mtkts), HTGC +1.4% (upgraded to Outperform from Market Perform at Wells Fargo), BBY +0.8% (initiated with a Overweight at Morgan Stanley), SBH +0.6% (initiated with a Overweight at Morgan Stanley), WEC +0.5% (upgraded to Outperform from Market Perform at Wells Fargo)