Gapping up
In reaction to strong earnings/guidance:
- PLAN +10.5%, NIO +5.7%, MOMO +4%, BNS +2.8%
M&A news:
- FCAU +8.6% (delivered a non-binding letter to the Board of Renault proposing a combination of their respective businesses as a 50/50 merger)
- TSS +2.9% (Total System & Global Payments (GPN) confirm $21.5 bln merger -- consideration reflects price per share of $119.86 for each share of TSYS common stock)
Other news:
- JMEI +13.5% (authorized a $100 mln 12 month share repurchase plan)
- SEAS +7.4% (SeaWorld Entertainment to purchase approximately 5.6 mln shares from Pacific Alliance Group; Hill Path Capital to purchase approximately 13.2 mln shares from PAG and increase equity stake to approximately 34.5%)
- AVH +6.1% (details shareholder changes)
- QTT +4.6% (announces up to $50 mln share repurchase program)
- RGNX +3.4% (continued strength following Friday's 7% move higher)
- AMD +2.6% (announces new products at Computex 2019 Keynote )
- MDCO +1.8% (presents analyses of two clinical studies of inclisiran )
- MNK +1.5% (updated plans for its spin-off of a new company consisting of Mallinckrodt's Specialty Generics/Active Pharmaceutical Ingredients business to shareholders)
- TEVA +0.9% (reaches agreement with state of Oklahoma for a one-time payment of $85 mln)
Analyst comments:
- N/A