Gapping up
In reaction to strong earnings/guidance: KTCC +9.6%, ADI +8.2%, BZUN +5.3%, TGT +4.4%, WB +4.1%, HRL +2.5%, SINA +1.1%, AEO +1.1%
M&A news: HILL +87.3% (to be acquired by Seagate Technology (STX) in an all-cash transaction valued $9.75 per share, or ~$694 mln)
Select Semi related names showing strength : SWKS +1.8%, AUDC +1.5%, NXPI +1.2%
Select metals/mining stocks trading higher: MTL +5.4%, KGC +2.5%, AUY +1.4%, HL +1.4%, ABX +1.2%, GG +1.2%, GDX +1.1%, NEM +0.9%
Other news: CRBP +49.5% (investigational drug Resunab has been granted Fast Track Status by the FDA for the treatment of systemic sclerosis), ACI +30.6% (Bloomberg discusses that Arch Coal (ACI) is attempting to appease lenders in debt swap terms), PTN +25.5% (FDA approval of peer Sprout Pharmaceuticals' sexual desire disorder drug ), CNET +22% (announced it has launched a new service, "The GOOD Business of China", along with Baidu (BIDU)), BTU +11.6% (in symp with ACI), VVUS +5.3% (disclosed the voluntary termination of Svai S. Sanford's employment as CFO and CAO effective September 30, 2015), CEMP +4.8% (announces FDA fast track designation for IV solithromycin to treat acquired bacterial pneumonia), ETRM+3.6% (received non-compliance notice from Nasdaq relating to minimum bid price requirement), TRGT +1.5% (shareholders approved merger with Catalyst Biosciences; expects merger to complete on August 20; combined co will be renamed Catalyst Biosciences and trade under symbol CBIO), YUM +1.2% (named Micky Pant as CEO of Yum Restaurants China, succeeding Sam Su), NBG +1.1% (Fitch upgrades Greece to 'CCC'), .
Analyst comments: FOGO +2.5% (upgraded to Overweight from Neutral at JP Morgan), MRVL +1.6% (upgraded to Buy from Neutral at Ladenburg Thalmann), TPUB +1.3% (upgraded to Neutral from Underperform at Macquarie), INTU +0.6% (upgraded to Buy from Hold at Deutsche Bank), KNX +0.6% (initiated with a Buy at Evercore ISI
)
In reaction to strong earnings/guidance: KTCC +9.6%, ADI +8.2%, BZUN +5.3%, TGT +4.4%, WB +4.1%, HRL +2.5%, SINA +1.1%, AEO +1.1%
M&A news: HILL +87.3% (to be acquired by Seagate Technology (STX) in an all-cash transaction valued $9.75 per share, or ~$694 mln)
Select Semi related names showing strength : SWKS +1.8%, AUDC +1.5%, NXPI +1.2%
Select metals/mining stocks trading higher: MTL +5.4%, KGC +2.5%, AUY +1.4%, HL +1.4%, ABX +1.2%, GG +1.2%, GDX +1.1%, NEM +0.9%
Other news: CRBP +49.5% (investigational drug Resunab has been granted Fast Track Status by the FDA for the treatment of systemic sclerosis), ACI +30.6% (Bloomberg discusses that Arch Coal (ACI) is attempting to appease lenders in debt swap terms), PTN +25.5% (FDA approval of peer Sprout Pharmaceuticals' sexual desire disorder drug ), CNET +22% (announced it has launched a new service, "The GOOD Business of China", along with Baidu (BIDU)), BTU +11.6% (in symp with ACI), VVUS +5.3% (disclosed the voluntary termination of Svai S. Sanford's employment as CFO and CAO effective September 30, 2015), CEMP +4.8% (announces FDA fast track designation for IV solithromycin to treat acquired bacterial pneumonia), ETRM+3.6% (received non-compliance notice from Nasdaq relating to minimum bid price requirement), TRGT +1.5% (shareholders approved merger with Catalyst Biosciences; expects merger to complete on August 20; combined co will be renamed Catalyst Biosciences and trade under symbol CBIO), YUM +1.2% (named Micky Pant as CEO of Yum Restaurants China, succeeding Sam Su), NBG +1.1% (Fitch upgrades Greece to 'CCC'), .
Analyst comments: FOGO +2.5% (upgraded to Overweight from Neutral at JP Morgan), MRVL +1.6% (upgraded to Buy from Neutral at Ladenburg Thalmann), TPUB +1.3% (upgraded to Neutral from Underperform at Macquarie), INTU +0.6% (upgraded to Buy from Hold at Deutsche Bank), KNX +0.6% (initiated with a Buy at Evercore ISI
)