Gapping up
M&A related:
- RMG +13.1% (sets December 1 as the record date for stockholder eligibility to receive the proxy and vote to approve the previously announced merger with Romeo)
- QS +10.6% (Kensington Capital Acquisition and QuantumScape Corporation announce closing of business combination)
- BABA +0.6% (reports suggest that Alibaba and Tencent put discussions to acquire iQIYI Inc on hold)
- CLF +1% (received antitrust clearance from US Department of Justice for the acquisition of ArcelorMittal USA)
Several SPAC names are showing strength:
- APXT +26.5%, SFT +15.8% (continued momentum; former INSU SPAC), PIC +15.3%, IPOB +10.4%, SRAC +6.9%, GMHI +2.3%, IPOC +1.1%
Select retail names are trading higher on holiday shopping optimism:
- GME +3.7%, GPS +1.6%, BBY +1%, TGT +0.7%, WMT +0.7%, AMZN +0.6% (added over 400,000 employees over last 10 months, according to NY Times)
Other news:
- YMAB +10.5% (FDA has approved DANYELZA for neuroblastoma in the bone or bone marrow)
- LCA +9.5% (receives New Jersey regulatory approval to acquire Golden Nugget Online Gaming)
- NGVC +6.6% (extend's recent break-out)
- AMCX +5.6% (to be moved to the the S&P SmallCap 600)
- ORAN +3.2% (launches its 5G network by making quality of service its priority)
- SPCE +6.9%, DKNG +1.7% (continued strength)
- AAN +0.9% (post spin-off will be added to the S&P SmallCap 600)
- NOC +0.9% (awarded a $4.8 bln contract for Global Hawk development)
- VRTX +0.9% (announces European Commission approval for SYMKEVI with KALYDECO for eligible children with cystic fibrosis ages 6-11 year)