Gapping up
In reaction to earnings/guidance:
- CRWD +12.8%, ZS +11.1%, ESTC +8.4%, SCWX +8.4%, OKTA +7.5%, SIG +5.7%, MIK +5.4%, MEI +5%, GES +3.9%, AZEK +3.8%, FIVE +3.2%, DCI +2.6%, SPWH +2.3%, TD +1.5%, PVH +0.7%, SNPS +0.7%
M&A news:
- NSCO +55.9% (to acquire Custom Truck One Source for a purchase price of $1.475 bln; expected to close in the first quarter of 2021)
- WDR +48.4% (agreed to be acquired by Macquarie Group for $25.00/share in cash)
- CLNY +3.6% (announced sale of Bulk Industrial Portfolio)
- ISBC +2.7% (agreed to acquire eight Berkshire Bank [BHLB] branches)
Other news:
- LIZI +101.3% (enters in-car audio collaboration with Xpeng Motors)
- OMER +23.5% (confirms that the CMS will continue separate payment for Omeros' FDA-approved OMIDRIA in ambulatory surgery centers)
- IMV +10.2% (IMV's survivin-targeted T cell therapy shows durable clinical benefits in Phase 2 Study in patients with hard-to-treat advanced recurrent ovarian cancer)
- PROG +6.5% (prices offering of 7,645,259 shares of its common stock at $3.27 per share and of $75.0 mln of 7.25% convertible senior notes due 2025)
- FIZZ +4% (announced extra $3.00/share special dividend)
- SYK +2.3% (increased dividend; lightly traded)
- TRMB +2.2% (Trimble and SiriusXM (SIRI) establish alliance to deliver Trimble RTX GNSS corrections via satellite radio for autonomous vehicles)
- XPO +1.8% (announced planned spin-off of logistics segment)
- TW +1.2% (reports november total trading volume of $18.7 trillion)