Gapping up
In reaction to strong earnings/guidance: WGO +7.4%, LZB +3.2%, KBH +1.2%
M&A news: SCTY +13.8% (Tesla (TSLA) makes offer to acquire SolarCity in exchange for Tesla common shares (proposal represents a value of $26.50 to $28.50 per share)
Select EU financial related names showing strength: CS +1.8%, DB +1.8%,RBS +1.5%, HSBC +1.4%
Select metals/mining stocks trading higher: SBGL +3.3%, RIO +2.1%, CLF+1.6%, FCX +1.4%, BBL +1.4%, IAG +1%, BHP +0.8%
Select solar related names showing strength after TSLA/SCTY news: VSLR+4%, FSLR +1.9%, CSIQ +1.6%
Other news: SUNW +17.2% (announces $24 mln in new commercial orders),PSTI +11.6% (presents positive data from preclinical studies of its PLX-PAD cells indicating increase regeneration of muscle tissue and reduce inflammation and cell death), PBMD +11.2% (presents initial safety data from Phase IIb Clinical Trial of IMP321), EBIO +6.4% (continuation of yesterday afternoon's strength), PRTK +2.8% (prices upsized 4.25 mln common stock offering at $13.00/share), PWE +2.1% (Penn West Energy announces Competition Act Clearance to Complete Sale of Saskatchewan Assets; expects to be fully in compliance with all of financial covenants at the end of Q2 and the remainder of 2016), AVXL +2.1% (confirms Orphan Designation for Anavex 2-73 indicated for the treatment of infantile spasms), SGY +1.8% (extending this week's move higher (up more than 50% on the week)), ECA +1% (agrees to sell its Gordondale assets in northwestern Alberta to Birchcliff Energy for a total cash consideration of CAD 625 mln)
Analyst comments: UIS +3.1% (initiated with a Buy at SunTrust), PCLN +2% (upgraded to Overweight from Equal Weight at Barclays), GFI +1.7% (upgraded to Outperform at RBC Capital Mkts on valuation and H2 catalysts)
In reaction to strong earnings/guidance: WGO +7.4%, LZB +3.2%, KBH +1.2%
M&A news: SCTY +13.8% (Tesla (TSLA) makes offer to acquire SolarCity in exchange for Tesla common shares (proposal represents a value of $26.50 to $28.50 per share)
Select EU financial related names showing strength: CS +1.8%, DB +1.8%,RBS +1.5%, HSBC +1.4%
Select metals/mining stocks trading higher: SBGL +3.3%, RIO +2.1%, CLF+1.6%, FCX +1.4%, BBL +1.4%, IAG +1%, BHP +0.8%
Select solar related names showing strength after TSLA/SCTY news: VSLR+4%, FSLR +1.9%, CSIQ +1.6%
Other news: SUNW +17.2% (announces $24 mln in new commercial orders),PSTI +11.6% (presents positive data from preclinical studies of its PLX-PAD cells indicating increase regeneration of muscle tissue and reduce inflammation and cell death), PBMD +11.2% (presents initial safety data from Phase IIb Clinical Trial of IMP321), EBIO +6.4% (continuation of yesterday afternoon's strength), PRTK +2.8% (prices upsized 4.25 mln common stock offering at $13.00/share), PWE +2.1% (Penn West Energy announces Competition Act Clearance to Complete Sale of Saskatchewan Assets; expects to be fully in compliance with all of financial covenants at the end of Q2 and the remainder of 2016), AVXL +2.1% (confirms Orphan Designation for Anavex 2-73 indicated for the treatment of infantile spasms), SGY +1.8% (extending this week's move higher (up more than 50% on the week)), ECA +1% (agrees to sell its Gordondale assets in northwestern Alberta to Birchcliff Energy for a total cash consideration of CAD 625 mln)
Analyst comments: UIS +3.1% (initiated with a Buy at SunTrust), PCLN +2% (upgraded to Overweight from Equal Weight at Barclays), GFI +1.7% (upgraded to Outperform at RBC Capital Mkts on valuation and H2 catalysts)