Gapping up
Gapping up
In reaction to strong earnings/guidance: GBSN +64.5%,
CNET +15.4%,
CHKE +7.9%,
INFY +5.4%,
RF +3.2%,
C +2.9%,
CUBI +2%,
MESG +0.9%
M&A news: PLCM +2.9% (Polycom to be acquired by Mitel (MITL) in a cash & stock transaction valued at ~$1.96 bln or $13.68 per share)
Select metals/mining stocks trading higher: IAG +1.9%,
ABX +1.4%,
GDX +1.3%,
NEM +1.2%,
GOLD +1.2%
Other news: SUNE +23% (Vivint Solar at Investor Day, noted the SUNE merger created a lot of volatility in 2H sales),
EBIO +9% (still checking),
ARIA +6.8% (presents updated phase 1/2 clinical data on Brigatinib in patients with ALK+ ),
VSLR +5% (Vivint Solar provides update in presentation for its Investor Day),
ATHM +4.4% (Telstra (TLSYY) to sell 47.7% stake in Autohome for $1.6 bln to Ping An Insurance Group),
AFCO +3.1% (American Farmland announces review of strategic alternatives; retained financial advisors),
STM +2.9% (may be in sympathy with MU upgrade),
TSM +2.5% (may be in sympathy with MU upgrade),
MRNS +1.9% (granted orphan designation by the FDA for ganaxolone for the treatment of status epilepticus),
DEPO +1.7% (decides not to pursue reincorporation proposed by Starboard; Starboard Value issues statement in response ),
VRX +1.2% (reviewing options with investment banks as private equity firms express interest in its units, according to Reuters),
DYN +0.9% (reports it bid 2,197 MW into the MISO capacity auction for the 2016/17 planning year)
Analyst comments: MU +2.4% (upgraded to Strong Buy from Outperform at Raymond James),
JBLU +1.9% (upgraded to Overweight from Equal Weight at Barclays),
MITK +1.7% (initiated with a Buy at ROTH Capital)