Gapping up
In reaction to strong earnings/guidance:
In reaction to strong earnings/guidance:
- QD +6.7%, ZYNE +3.9%, RNN +1.2%, MACK +1%, SYRS +1%
M&A news:
- OCLR +23.7% (to be acquired by Lumentum (LITE) for $9.99 per share)
- CPRT +4.1% (acquires a salvage auto auction company based in Finland doing business as AVK)
- BXC +2.3% (to acquire Cedar Creek for $413 mln)
- LITE +2% (to acquire OCLR for $9.99 per share)
- JCI +1.5% (exploring strategic alternatives for its Power Solutions business)
- NTNX +1.4% (to acquire Netsil)
- GE +0.7% (may sell its power conversion unit, according to Reuters Exclusive)
Fiber Optical related names showing strength following OCLR/LITE merger:
- NPTN +6%, ACIA +4.2%, AAOI +3.2%, FNSR +2.4%, IPHI +1.2%, VIAV +1.0%
Other news:
- LTBR +8.1% (receives notice of allowance for a divisional patent in Japan related to the manufacturing of its metallic nuclear fuel design)
- SRPT +3.7% (received final minutes from a February 2018 Type C meeting held with the Division of Neurology Products)
- AVGO +2.3% (WSJ report that Intel (INTC) is weighing Broadcom bid)
- REGN +1.8% (Sanofi and Regeneron Pharmaceuticals (REGN) announced that the odyssey outcomes trial met its primary endpoint)
- ATVI +1.3% (cont strength)
- ALB +1.1% (received approval from Chile for an increase in lithium quota for production to as much as 145,000 metric tons of lithium carbonate equivalent annually through 2043)
- BMY +1.1% (Findings released from largest real-world data analysis of non-valvular atrial fibrillation patients receiving direct oral anticoagulants), .
Analyst comments:
- PAGS +2.7% (upgraded to Positive from Neutral at Susquehanna)
- ADM +1.6% (upgraded to Buy from Neutral at Goldman)
- ETFC +1.2% (upgraded to Strong Buy from Outperform at Raymond James)
- MRK +1% (upgraded to Outperform from Mkt Perform at Leerink Partners)
- TWX +0.8% (upgraded to Buy from Neutral at UBS)