Gapping up
In reaction to strong earnings/guidance:
- MOV +11.1%, TITN +11.1%, VRNT +7.6%, PRGS +5.3%, SAIC +5.1%, PVH +4.8%
Other news:
- PSDV +17.8% (announces Transformative Acquisition of Icon Bioscience Inc. and Growth Capital Financing with Essex Woodlands Healthcare Partners)
- ARA +10.9% (ticking higher -- withdraws common stock offering announced on March 26, 2018; believes that current market conditions are not conducive for an offering)
- OSTK +6.6% (Overstock.com files U.S. Supreme Court brief in South Dakota v. Wayfair state tax case)
- CJ +5.1% (to join S&P SmallCap 600)
- PTCT +3.5% (prices offering of 4 mln shares of common stock at $27.04 per share)
- LITE +2.5% (to join S&P MidCap 400)
- SRNE +2.2% (issues update to stock holders; states co is in better position to execute on commercialization efforts), .
Analyst comments:
- NVAX +7.3% (upgraded to Buy from Neutral at Seaport Global Securities)
- MGEN +6.3% (initiated with a Buy at Jefferies)
- CGEN +3.8% (initiated with a Outperform at Oppenheimer)
- DCI +2.6% (upgraded to Buy from Hold at Edward Jones)
- YNDX +1.8% (upgraded to Buy from Neutral at Citigroup)
- BP +1.8% (upgraded to Buy from Neutral at Citigroup)
- HOG +1.7% (upgraded to Neutral from Underperform at Longbow)
- TAHO +1.7% (initiated with a Buy at Cantor Fitzgerald)
- NVTR +1.1% (initiated with a Buy at SunTrust)
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