Gapping up:
M&A related:
- DEPO +12.4% (DepoMed could still be acquired by KKR (KKR), according to NY Post)
- CEL +12.2% (Cellcom Israel updates on negotiations w/ third parties interested in purchasing Golan Telecom's share capital and a liquidation request filed by the co against Golan Telecom)
- FNBC +10.3% (First NBC Bank to sell nine branches and certain assets and liabilities to Hancock Holding's Whitney Bank)
- ALJ +8.9% (Delek US Holdings (DK) to acquire remaining 53% of outstanding shares it doesn't already own in ALJ USA for about $12.13/share or total equity value of about $464 mln)
- XRX +7.8% (after spinnig off Conduent (CNDT), Credit Suisse upgraded to Outperform)
Select oil & gas names higher on 2% gain in crude oil: SGY +10.5%, SDRL +6.2%, FRO +4.6%, ATW +4.3%, PBR +4.3%, RIG +2.4%,CHK +1.9%,
Financials showing relative strength: CS +4.8%, BCS +3.0%, BAC +2.0%, C +1.6%.
Brazil ADRs extending recent gains; iShares Brazil ETF (EWZ +1.6%): GGB +8.6%, PBR.A +5.2%, BBL +3.7%, VALE +3.9%, VALE +3.4%.
Financials showing relative strength: CS +4.8%, BCS +3.0%, BAC +2.0%, C +1.6%.
Brazil ADRs extending recent gains; iShares Brazil ETF (EWZ +1.6%): GGB +8.6%, PBR.A +5.2%, BBL +3.7%, VALE +3.9%, VALE +3.4%.
Other news:
- KOPN +7.4% ( enters a relationship w/ Goertek; will sell 7,339,000 shares of its common stock to Goertek at $3.25/share)
- CDTI +7.0% (ticking higher; files for 6,232,750 common stock offering by selling stockholders)
- ARRY +5.4% (still checking)
- AMD +1.7% (positive Barron's mention)
- NVDA +1.7% (still checking)
- FIT +1.6% (announced the addition of Fitbit Charge 2 into the recently expanded UnitedHealthcare (UNH) Motion wellness program)
Analyst actions:
- IHG +3.8% (upgraded to Overweight from Equal Weight at Barclays)
- GRPN +3.0% (upgraded to Sector Perform from Underperform at RBC Capital Mkts)
- SRPT +2.8% (upgraded to Buy from Neutral at Janney; $65 tgt)