Gapping up
In reaction to strong earnings/guidance:
- LAUR +4.8%, DXPE +3.8%, AKTX +3.8%, SCS +3.2%, WGO +1.7%
M&A news:
- MULE +5.7% (MuleSoft will be acquired by Salesforce (CRM) for an enterprise value of approx. $6.5 bln)
Other news:
- PRTA +21.9% (Prothena announces a global collaboration with Celgene (CELG) for novel therapies for patients with neurodegenerative diseases)
- FENC +13.4% (announces that the FDA has granted PEDMARK Fast Track designation for prevention of cisplatin-related ototoxicity in pediatric patients with standard risk hepatoblastoma)
- PTI +9.9% (withdraws equity offering of 9,000,000 shares of its common stock due to market conditions)
- SBBP +1.8% (USPTO issued second method of use patent for RECORLEV)
- AMD +1.4% (AMD releases technical assessment of CTS Labs Research; AMD is in the process of developing and staging the deployment of mitigations)
Analyst comments:
- MYGN +2% (upgraded to Equal-Weight from Underweight at Morgan Stanley)
- QEP +1.7% (initiated with a Buy at Johnson Rice)
- PLCE +1.7% (upgraded to Buy from Neutral at Citigroup)
- KMI +1.5% (upgraded to Buy from Neutral at BofA/Merrill)
- WLL +1.0% (initiated with a Buy at Johnson Rice)
