Gapping up
In reaction to earnings/guidance:
- LB +5.5%, SNPS +3.9%, BJ +2.8%, GFI +1.2%
Other news:
- ETM +8.8% (CEO/Chairman disclosed the purchase of ~78K shares)
- ORC +5.7% (raised monthly dividend)
- AMC +5.6% (following CEO interview on CNBC)
- INTC +3.8% (initiated $10 bln accelerated share repurchase agreements)
- SABR +2.6% (prices offerings of 3 mln shares of 6.50% Series A Mandatory Convertible Preferred Stock at $100.00 per share and 35,714,286 shares of common stock at $7.00 per share)
- SILK +2.3% (announced publication of ROADSTER 2 data; lightly traded)
- XRX +1.9% (Icahn discloses the purchase of another ~726K shares worth more than $13 mln)
- IGT +1.5% (announced long-term sports betting agreement with Boyd Gaming [BYD])
- WGO +1.1% (announced 9% dividend increase; lightly traded)
Analyst comments:
- DAN +3.8% (upgraded to Overweight from Equal Weight at Barclays)
- ESTC +3.8% (upgraded to Buy from Neutral at Citigroup)
- SHAK +3.1% (upgraded to Outperform from Neutral at Wedbush)
- ELAN +2.7% (upgraded to Overweight from Equal-Weight at Morgan Stanley)