Gapping up
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- SOFI +10.6%, ADM +2.4% (guidance update), TAL +0.8%
Other news:
- MGRC +9.3% (McGrath RentCorp to be acquired by WillScot Mobile Mini (WSC) for $3.8 bln)
- BOOM +5.2% (announces strategic alternatives process for DynaEnergetics and NobelClad businesses)
- ALVO +3.8% (reports Top-Line Results from a Pharmacokinetic Study for AVT03)
- GFI +3.3% (discloses that it has received formal notice that clients of Van Eck have in aggregate acquired 5.004% stake)
- REVG +3.2% (exit school and transit bus manufacturing and reorganize into two reporting segments; announces a special cash dividend)
- AMD +1.7% (Elon Musk says he plans to purchase chips for AMD)
- GTLS +1.4% (reiterates medium-term financial targets through 2026 including mid-teens organic revenue growth)
- TSLA +1.1% (discloses that expects its expenditures to exceed $10.00 billion in 2024 and be between $8.00 to $10.00 billion in each of the following two fiscal years)
- BA +0.9% (United (UAL) resumes use of its Boeing (BA) 737 MAX 9 jets)
Analyst comments:
- BEAM +6.2% (upgraded to Overweight from Neutral at JP Morgan)
- CCCC +2.7% (upgraded to Neutral from Underweight at JP Morgan)
- BLDR +2.1% (upgraded to Buy from Neutral at BofA Securities)
- DLTR +2% (upgraded to Overweight from Neutral at JP Morgan)
- HSY +1.6% (upgraded to Outperform from Mkt Perform at Bernstein)
- AAL +1.4% (upgraded to Buy from Neutral at Citigroup)