Gapping up
In reaction to earnings/guidance:
- NTNX +15.4%, PSTG +6.8%, CRDO +5.9%, SIG +3.6%, S +3.4%, FIVE +3.2%, GMS +1.7%, SMG +0.9% (also CFO steps down, lowers FY22 FCF guidance, reaffirms all other guidance)
Other news:
- TRQ +12.3% (to be acquired by Rio Tinto (RIO) for CAD43.00 per share in cash)
- ARCT +5.7% (obtains BARDA award worth up to $63.2 mln)
- STRY +4.9% (issues statement on federal communications commission ready to authorize public notice regarding Starry's Rural Digital Opportunity Fund application)
- PRVB +3.2% (receives $125 mln term loan facility with Hercules Capital)
- AMRX +1.8% (submits NDA to FDA for IPX203)
- AURA +1.3% (to Present Belzupacap Sarotalocan (AU-011) Data)
- GDRX +1% (to cut 140 jobs or 16% of its workforce)
Analyst comments:
- BIDU +0.4% (upgraded to Overweight from Neutral at JP Morgan)