Gapping up
In reaction to strong earnings/guidance:
- DCIX +46.3%, ALEX +20.7%, TRIP +19.6%, ZAGG +18.3%, CDEV +11.3%, AAXN +11.3%, TTOO +9.8%, PLUG +8.2%, ADT +7.9%, ICHR +7.8%, ODP +7.6%, VDSI +7.2%, DRYS +6.6%, OPK +6.5%, COTY +6.3%, PEN +6%, INSY +5.5%, MTCH +5.5%, PUMP +5.3%, DIOD +5.3%, SSTI +5.1%, GPOR +5%, NEWR +5%, TWLO +4.8%, AMBC +4.6%, SMI +4.5%, ESIO +4.2%, QDEL +3.8%, MXWL +3.3%, LC +3.2%, GDDY +3.1%, BUD +3.1%, SUPN +3%, OXY +2.9%, OSG +2.8%, EA +2.7%, LBTYA +2.6%, TM +2.2%, KRNT +2.1%, EPAM +2%, PRTY +2%, RGNX +1.9%, EPE +1.8%, GLOW +1.4%, DLPH +1.1%, .
M&A news:
- LBTYA +2.6% (Liberty Global to divest operations in Germany, Hungary, Romania and the Czech Republic to Vodafone); VOD +1.3%
- FOXA +2.2% (reaches agreement with Tribune Media Company and Sinclair Broadcast Group to acquire seven Sinclair Broadcast Group stations for $910 mln)
Other news:
- HCC +5% (prices 8 mln common stock offering by existing stockholders)
- PTN +5% (presents on its PL-8177 and PL-8331 melanocortin-1 receptor agonist programs)
- CDNA +2.4% (CareDx discloses entry into License and Commercialization Agreement with Illumina)
- EXPE +1% (following TRIP results)
- PPL +0.7% (prices 55 mln shares of common stock at $27.00 per share)
Analyst comments:
- IPI +2.5% (upgraded to Overweight from Equal-Weight at Stephens)
- FLR +2.3% (upgraded to Buy from Underperform at BofA/Merrill)
- CLF +1.3% (initiated with a Buy at Seaport Global Securities)
- HII +1% (upgraded to Buy from Neutral at Citigroup)
- AQUA +0.9% (upgraded to Buy from Hold at Stifel)
- NTR +0.9% (upgraded to Outperform from Mkt Perform at Raymond James)
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