Gapping up
In reaction to strong earnings/guidance: SWKS +5.5%, GIII +4.1%, SLP +2.2%, GWRE +1.6%, DG +0.6%.
M&A news: HSH +8.5% (confirms revised proposal to acquire Hillshire Brands At $55.00 per share in cash), AEC +0.7% (Land and Buildings sends letter to the Board of AEC; encourages sale of the company to maximize shareholder value), DFZ +0.6% (announces end of 'Go-Shop' period and designation of an excluded party).
Select mining stocks trading higher: IAG +2.3%, SVM +1.9%, PAAS +1.9%, GG +0.7%, SLW +0.6%.
Other news: PVCT +23.3% (PV-10 data presented at ASCO), IDCC +14.3% (announces patent license agreement with Samsung (SSNLF); issues guidance), SPEX +9.4% (confirmed it bolstered its balance sheet with $20 million equity financing), RNA +4.9% (announces regulatory path forward for drisapersen as a potential treatment for DMD), LOGI +3.9% (introduced the Logitech X300 Mobile Wireless Stereo Speaker), MPET +3.6% (announces plans for two UK wells in 2014), TFM +3.1% (insider buying), FBHS +2.5% (announced $250 mln share repurchase authorization), NVTL +2.4% (confirmed it received a favorable Supreme Court ruling in its patent infringement case), RFMD +2.4% (in sympathy with SWKS guidance), TQNT +2.2% (in sympathy with SWKS guidance),SUNE +1.1% (entered into a comprehensive agreement with Huantai Group, a Chinese solar PV co, to develop solar projects and supply key materials, technologies and services for the Chinese market), HLF +0.9% (commented on ruling by US Court of Appeals: 'Today's decision validates validates product consumption by participants as a legitimate measure of demand for multi-level marketing companies and rejects Bill Ackman's fundamental thesis').
Analyst comments: RAS +1.9% (initiated with a Buy at MLV & Co), PBFX +1.3% (initiated with an Overweight at Barclays, init Buy at Citi), MGAM +1.2% (initiated with a Buy at Stifel), LRCX +0.6% (initiated with a Buy at Jefferies), NBG +0.6% (upgraded to Buy from Reduce at Nomura), MCC +0.5% (initiated with a Buy at MLV & Co)
In reaction to strong earnings/guidance: SWKS +5.5%, GIII +4.1%, SLP +2.2%, GWRE +1.6%, DG +0.6%.
M&A news: HSH +8.5% (confirms revised proposal to acquire Hillshire Brands At $55.00 per share in cash), AEC +0.7% (Land and Buildings sends letter to the Board of AEC; encourages sale of the company to maximize shareholder value), DFZ +0.6% (announces end of 'Go-Shop' period and designation of an excluded party).
Select mining stocks trading higher: IAG +2.3%, SVM +1.9%, PAAS +1.9%, GG +0.7%, SLW +0.6%.
Other news: PVCT +23.3% (PV-10 data presented at ASCO), IDCC +14.3% (announces patent license agreement with Samsung (SSNLF); issues guidance), SPEX +9.4% (confirmed it bolstered its balance sheet with $20 million equity financing), RNA +4.9% (announces regulatory path forward for drisapersen as a potential treatment for DMD), LOGI +3.9% (introduced the Logitech X300 Mobile Wireless Stereo Speaker), MPET +3.6% (announces plans for two UK wells in 2014), TFM +3.1% (insider buying), FBHS +2.5% (announced $250 mln share repurchase authorization), NVTL +2.4% (confirmed it received a favorable Supreme Court ruling in its patent infringement case), RFMD +2.4% (in sympathy with SWKS guidance), TQNT +2.2% (in sympathy with SWKS guidance),SUNE +1.1% (entered into a comprehensive agreement with Huantai Group, a Chinese solar PV co, to develop solar projects and supply key materials, technologies and services for the Chinese market), HLF +0.9% (commented on ruling by US Court of Appeals: 'Today's decision validates validates product consumption by participants as a legitimate measure of demand for multi-level marketing companies and rejects Bill Ackman's fundamental thesis').
Analyst comments: RAS +1.9% (initiated with a Buy at MLV & Co), PBFX +1.3% (initiated with an Overweight at Barclays, init Buy at Citi), MGAM +1.2% (initiated with a Buy at Stifel), LRCX +0.6% (initiated with a Buy at Jefferies), NBG +0.6% (upgraded to Buy from Reduce at Nomura), MCC +0.5% (initiated with a Buy at MLV & Co)