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Analyst Actions and Breaking News For May 19 2017

Posted by on May 19, 2017 6:55 AM
Tags:
Categories: Business

Overnight Analyst Actions:

Raised: None

Initiates: None

Cuts: None

Overnight Headlines By Ticker:

ALRM Alarm.com

5/18 17:16 ABS Capital Partners V Trust discloses amended 7.21% stake – 13D/A filing

DYN Dynegy Inc

5/18 20:33 Vistra Energy said to have made takeover approach – US financial press

GE General Electric Co

5/19 03:33 Reportedly planning to start a turbine plant in Nigeria in 2018 – financial press

GLD StreetTracks Gold Trust

5/18 22:21 ANZ: Expect gold to hold above $1,250, with increasing chance of a break above $1,300 this year – press

5/18 20:23 SPDR Gold Trust ETF daily holdings fall 1.2 tonns to at 851.9 tonnes; 5th straight decline

HALO Halozyme Therapeutics, Inc.

5/18 21:27 Prices 10M share offering at $12.50/shr through Wells Fargo and Deutsche Bank; $125M (7.2% of market cap) upsized from $100M offered

5/18 16:06 Announces $100M Public Offering Of Common Stock (5.5% of market cap)

MCK McKesson Corp

5/18 16:10 Reports Q4 $3.42 v $3.04e, R$48.7B v $49.8Be

SNCR Synchronoss Tech

5/18 16:07 Strength attributed to M&A blog suggesting it may get an activist investor

SNGX Soligenix Inc

5/18 17:02 Randal Kirk discloses amended 7.9% stake – 13D/A filing

SPWH Sportsman’s Warehouse Holdings

5/18 16:03 Reports Q1 -$0.08 v -$0.07e, R$156.9M v $151Me

SRPT Sarepta Therapeutics

5/19 08:58 Piper Jaffray/Simmons Reiterates SRPT with Overweight, price target: $43

TGTX TG Therapeutics, Inc.

5/19 07:30 Announces Clinical Data Presentations at the Upcoming 14th ICML

Premarket Movers

Fri, 19 May 2017 8:20 AM EST

Upside:
-DYN +21% (Vistra Energy said to have made takeover approach)
-ADSK +12% (earnings, guidance)
-SPWH +12% (earnings, guidance)
-GLYC +11% (announces high overall response rates, Low Induction Mortality, Promising Initial Survival Outcomes, and Supportive Biomarker Data from Phase 1/2 Trial of GMI-1271 in AML)
-FOLD +8.5% (planned analysis of primary endpoints in Phase 3 Epidermolysis Bullosa study top-Line data on track for 3Q17)
-DE +7.3% (earnings, guidance)
-EWZ +3.3% (Brazil President Temer tape made public)
-ROST +3.2% (earnings, guidance)
-CRM +2.3% (earnings, guidance)
-AMAT +1.7% (earnings, guidance)
-CPN +1.1% (higher off Vista Energy takeover approach to DYN)

Downside:
-EMAN -12% (prices offering of 3.3M common shares at $2.00/shr (aggregate gross proceeds $6.6M))
-HALO -9.3% (prices 10M share offering at $12.50/shr through Wells Fargo and Deutsche Bank)
-FL -9.2% (earnings, guidance)
-CPB -3.8% (earnings, guidance)
-RSPP -3.3% (prices 15M share offering at $585M)

Headlines

Brazilian president Michel Temer faces allegations he bribed a former coalition ally to keep him silent, but he has refused to step down and could face impeachment; The White House notified Congress that it plans to begin formal NAFTA renegotiation talks this August; Republicans are increasingly worried that their policy agenda will be derailed because of the Russia turmoil engulfing Donald Trump; The appointment of a special counsel and a grand jury indicate a probe into Donald Trump’s Russia ties could expand to include other activities.