Gapping up
In reaction to earnings/guidance:
- NEWR +18.2% (also William Hill is standardizing on New Relic), FTNT +10.9%, ENPH +8.7%, UAA +8%, UBER +7.9%, TENB +6.8%, EQNR +6.8%, VOYA +4.8%, COHR +4.8%, WFRD +4.7%, WERN +3.8%, COTY +3.7%, EHC +3.6%, KD +3.2%, HRB +3.1%, ATO +3%, RAMP +2.8%, EPM +2.8%, ITUB +2.6%, NYT +2.6%, VFC +2.5% (also cuts dividend; also commences strategic review for its Global Packs business), CSL +2.5%, INSP +2.2%, EXEL +2%, EPC +2%, BAM +1.9%, CVS +1.6%, RITM +1.6%, BXMT +1.6%, RXO +1.3%, QGEN +1.2%, WU +0.9%
Other news:
- MANU +16.5% (Qatari investors will bid for MANU within days according to DailyMailUK)
- PLUS +7.2% (files mixed securities shelf offering)
- PANW +3.9% (in sympathy with strong FTNT earnings)
- NCNO +3.5% (announces reseller agreement with Rich Data)
- BBBY +3.3% (announces closing of public equity offering; provides strategic update)
- OSH +3.3% (CVS Health to acquire Oak Street Health (OSH) for $39/share)
- CVAC +2.6% (prices 27027028 common shares at a public offering price of $9.25 per share for gross proceeds of approximately $250 million)
- CVS +1.7% (CVS Health to acquire Oak Street Health (OSH) for $39/share for enterprise value of $10.6 bln; CVS reaffirms FY23 EPS guidance)
- MSFT +1.6% (plans to release ChatGPT technology for other companies to customize according to CNBC)
- GPOR +1.1% (provides Q4 production update)
Analyst comments:
- TRIP +4.6% (upgraded to Buy from Underperform at BofA Securities)
- W +1.1% (upgraded to Equal Weight from Underweight at Barclays)
- AAL +0.9% (upgraded to Buy from Neutral at Redburn)