Gapping up
In reaction to strong earnings/guidance:
- NCS +8.5%, CVTI +7.9%, SIG +7.6%, VRA +7.1%, HUYA +5.5%, LAYN +4.8%, LB +3.1%, (May comps), X +2.7%, (to restart second Granite City Works blast furnace, now guiding full-year EBITDA to at or near high end of prior $1.7-1.8 bln range and is reaffirming Q2 EBITDA guidance of approximately $400 mln), NOC +0.5%, (closes OA acquisition; raises guidance)
M&A news:
- PLUG +4.4% (acquires American Fuel Cell, a developer of Membrane Electrode Assembly technology)
- BW +2.4% (to sell its MEGTEC and Universal businesses to Dürr AG for $130 mln)
Select fiber optical related names showing strength:
- ACIA +3.5%, OCLR +3.1%, LITE +2.8%, FNSR +2%, NPTN +0.6%
Other news:
- AXON +65.7% (licenses exclusive worldwide rights to develop and commercialize OXB-102 (now AXO-Lenti-PD) from Oxford BioMedica)
- EXAS +5.7% (identifies blood-based DNA biomarker panel to accurately diagnose hepatocellular carcinoma)
- DVN +4.3% (monetizes interests in EnLink Midstream (ENLK), increases share-repurchase program to $4 billion)
- MNKD +3.1% (established stock purchase plan for directors and exec officers to purchase shares of common stock directly from the company )
- TSLA +2.9% (lifting on comment from shareholder meeting; production targets)
- AMRS +2.9% (amended R&D Note to extend the maturity date from May 31, 2018 to July 2, 2018)
- BIG +1.1% (enters into accelerated share repurchase of $100 mln of common shares)
- UNH +1.1% (increases quarterly dividend to $0.90/share from $0.75/share, renews 100 mln share repurchase authorization)
- WSM +0.7% (positive mention on CNBC FastMoney)
- UAA +0.7% (positive mention on CNBC FastMoney), .
Analyst comments:
- CI +3.3% (upgraded to Buy from Neutral at Goldman)
- VRX +2.1% (upgraded to Overweight from Equal Weight at Barclays)
- SAGE +1.9% (initiated with a Buy at Ladenburg Thalmann)
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