Gapping up
In reaction to strong earnings/guidance:
- LNDC +6.9%, LEN +3.2%, NG +1.3%
M&A news:
- TSG +41.8% (The Stars Group agrees to merge with Flutter Entertainment in all-share deal)
Other news:
- VHC +15.5% (confirms Court of Appeals denied several motions stemming from ongoing legal proceedings between VirnetX, Apple (AAPL), and Cisco Systems (CSCO))
- AIMT +11.4% (Following survey, Piper Jaffray suggests potential for higher than expected Palforzia revenue in the realm of $1.1 bln in fiscal 2020, $1.9 bln in fiscal 2021), NEXT +6.8% (issued $15 mln of common stock to affiliate of Bechtel Oil, Gas and Chemicals at $7.08 per share)
- MGI +4.1% (Metropolitan Commercial Bank announces partnership with MoneyGram through debit card deposit service)
- OCUL +2.4% (Ocular Therapeutix announces permanent J-Code for DEXTENZA, effective October 1)
- CALA +2.3% (announces acceptance of two abstracts for presentation at the 2019 SITC Annual Meeting)
- HRTX +1.1% (announces positive topline results from Phase 3b clinical study of HTX-011 in total knee arthroplasty)
- SRNE +1% (entered into $75 mln Equity Distribution Agreement)
- FOLD +1% (announces additional positive results from a global Phase 1/2 clinical study (ATB200-02))
Analyst comments:
- N/A