Gapping up
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- N/A
M&A news:
- HCOM +19.6% (Cincinnati Bell to combine with Hawaiian Telcom and OnX Enterprise Solution)
- KOOL +13.4% (acquires substantially all of SynGen's operating assets, including its proprietary cell processing platform technology)
- CETV +7.4% (sells Croatian and Slovenian assets for €230.0 mln)
- RMBS +2.4% (follow-up to reports the company is weighing a possible sale)
- CBB +1% (Cincinnati Bell to combine with Hawaiian Telcom (HCOM) and OnX Enterprise Solution)
Other news:
- MYCC +30.2% (to be acquired by funds affiliated with Apollo Global Management (APO) for $17.12 per share)
- AVEO +9.7% (continued volatility in pre-mkt)
- AMD +2% (WSJ's Heard on the Street column discusses valuations and continued demand for semiconductors)
- VRX +1.7% (announces that following the recent closure of the sale of Dendreon, it has used the net proceeds of the sale to pay down $811 mln of its senior secured term loans)
- EXEL +1.5% (Exelixis and Bristol Meyers initiate phase 3 CheckMate 9ER trial to evaluate Opdivo in combination with CABOMETYX)
- TSLA +1.3% (Elon Musk highlights first production Model 3 in series of weekend tweets)
- JAKK +1.3% (signs a multi-year licensing agreement with Chicco)
- MU +0.7% (WSJ's Heard on the Street column discusses valuations and continued demand for semiconductors)
Analyst comments:
- NVDA +2% (target raised to $200 at Needham)
- XLNX +1.6% (upgraded to Buy from Hold at Jefferies)
- PYPL +1.5% (upgraded to Outperform from Mkt Perform at Bernstein)
- BUD +1.3% (added to Conviction Buy List at Goldman)
- ATNX +1% (initiated with a Buy at Deutsche Bank)
- BA +0.7% (target raised to $230 from $200 at Jefferies)
- DEO +0.6% (upgraded to Neutral from Sell at Goldman)