Gapping up
In reaction to strong earnings/guidance:
- HELE +13.8%, UMC +2.9%, (reports June net sales)
M&A news:
- GRPN +9.4% (Re Code details that Groupon (GRPN) is considering finding a buyer)
Select metals/mining stocks trading higher:
- AU +2.8%, HMY +2.3%, PAAS +1.9%, ABX +1.6%, BHP +1.3%
Other news:
- BNTC +121.7% (Axovant Sciences (AXON) announce global licensing agreement for AXO-AAV-OPMD Program with Benitec Biopharma (BNTC))
- AXON +13.7%
- BVX +10.4% (to divest and sell the Core business segment and the Bovie brand to Symmetry for gross proceeds of $97 mln in cash; issued guidance)
- SPRO +9.5% (positive interim Phase 1 clinical data on SPR994)
- PVG +7.4% (reports second quarter gold production results for Brucejack Mine)
- KMPH +5.9% (announces top line results from KP415 efficacy and safety trial in children with ADHD; KP415 successfully met the primary efficacy endpoint)
- PLAB +1.1% (announces $20 mln share repurchase program)
Analyst comments:
- GME +4.3% (initiated with a Buy at Jefferies)
- FEYE +4.1% (upgraded to Overweight from Neutral at Piper Jaffray)
- USX +3% (initiated with a Buy at BofA/Merrill)
- BIDU +2.4% (upgraded to Overweight from Sector Weight at KeyBanc Capital Mkts)
- DLPH +2.2% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- ANET +2% (upgraded to Overweight from Neutral at Piper Jaffray)
- KORS +1.8% (initiated with a Buy at HSBC Securities)
- OLLI +1.7% (coverage assumed/upgraded to Neutral from Sell at Citigroup)
- TSCO +1.7% (upgraded to Overweight from Equal-Weight at Stephens)
- RIG +1.4% (upgraded to Positive from Neutral at Susquehanna)
- ADM +0.7% (upgraded to Neutral from Underweight at JP Morgan)
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