Gapping up
In reaction to strong earnings/guidance: AIR +4.8%, FINL +4.2%
M&A news:
In reaction to strong earnings/guidance: AIR +4.8%, FINL +4.2%
M&A news:
- MIFI +24.6% (to sell mobile broadband business for $50 mln in cash to T.C.L. Industries Holdings, to restructure into public holding company
- IMPV +15.7% (shares spiking on reports of interest from potential acquirires)
- VNDA +2.6% (Reuters reported suggesting co is mulling a sale)
Select metals/mining stocks trading higher: GFI +1.6%, DRD +1.5%, HMY +1.1%, AU +1.1%, VALE +1.1%, MT +1%
Other news:
Other news:
- SAEX +10.5% (extending yesterday's move higher in premarket trade)
- NVAX +5.6% (President and Directors (2) disclosed purchases last night totaling 131K shares worth approx $222K)
- TWER +5.1% (prices 2.65 mln common stock offering by its Chairman, John Allison, at $22.00/share)
- GLUU +1.8% (extends agreement with Kim Kardashian West)
- SRPT +0.5% (prices 5.02 mln shares of its common stock at $59.75 per share)
Analyst comments:
- MDGN +4.5% (initiated with a Buy at Jefferies)
- ACHN +2.7% (initiated with an Outperform)
- ATVI +2.3% (initiated with a Overweight at Morgan Stanley),
- PRU +1.7% (upgraded to Buy from Neutral at Goldman; Added to Conviction Buy List)