Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- GBX +10.6%, SHLM +6.5%, LNDC +6%, MZOR +4.7%, GOL +4.3%,MON +1%
M&A news:
- INNL +49.5% (to be acquired Gurnet Point L.P; transaction valued at up to $209 mln)
- PNRA +13.6% (agrees to be acquired by JAB Holding Company for $315/share in cash)
- SYT +1% (SYT and ChemChina receive approval for merger from the FTC in US and cleared by the EU, subject to conditions)
Select metals/mining stocks trading higher:
- FCX +2.1%, BBL +2%, BHP +1.8%, RIO +1.7%, AA +1.7%, MT+1.6%, VALE +1.2%, AKS +1.1%
Select oil/gas related names showing strength:
- WLL +2.4%, PBR +1.5%, TOT +1.1%, BP +0.9%, RIG +0.8%,RDS.A +0.6%
Other news:
- PLUG +83.1% (Plug Power and Amazon (AMZN) reach agreement for multi-site GenKey deployments; Revenues associated with the commercial agreements are expected to be around $70 mln in 2017)
- NEOT +41.9% (announces the USPTO issuance of a patent directed to specific methods of using LIPO-202)
- CALI +15.8% (continued strength after surging 60% higher on Tuesday)
- VICL +15% (enters into research collaboration agreement with AnGes)
- CRVS +7.6% (modestly rebounding)
- BLDP +6.8% (in sympathy with PLUG),
- RDHL +3.6% (announces the signing of an exclusive license agreement with privately-held Entera Health for exclusive U.S. rights to EnteraGam)
- MYGN +3.1% (publishes the third clinical validation study and second clinical utility study for its myPath Melanoma test)
- TASR +2.8% (may be attributed to expected announcement tomorrow)
- BWLD +2.2% (in sympathy with PNRA)
- CMG +1.6% (in sympathy with PNRA)
- MTCH +1.1% (Point72 Asset Management discloses 5% passive stake)
Analyst comments:
- SRPT +4.2% (upgraded to Buy from Hold at SunTrust)
- NBR +3% (upgraded to Buy at Instinet)
- SPLS +2.5% (upgraded to Buy from Neutral at Citigroup)
- STM +2.2% (Craig Hallum out raising March/June qtr ests)
- C +1.2% (upgraded to Outperform from Mkt Perform at Keefe Bruyette)
- UNH +1% (initiated with Buy ratings at Deutsche Bank)
- WFC +0.8% (upgraded to Outperform from Mkt Perform at Keefe Bruyette)
- ALV +0.7% (upgraded to Outperform from Market Perform at Wells Fargo)