Notable movers of interest
The following are some of today's most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-10 billion) and ranked by % change (all stocks over 100K average daily volume).
Large Cap Gainers
CAG (42.89 +9.62%): Jana Partners disclosed a 7.2% active stake in 13D filing, says prepared to make nominees to the Board; PT raised at Bernstein and Deutsche Bank.
FISV (85.27 +3.12%): Upgraded to Outperform at Oppenheimer.
ENB (46.89 +3.15%): Announced it was transferring its Canadian Liquids Pipelines Business and Renewable Energy Assets to Enbridge Income Fund; expects the transaction to be accretive by ~2% to EPS.
Large Cap Losers
MAC (77.34 -6.2%): Underperforming on the pricing of a block trade, which is speculated as being sold by Simon Property Group (SPG) of its entire stake in the name.
HSY (89.05 -3.48%): Revised its FY15 guidance to reflect impact from dilution from acquisitions and divestitures; said its chocolate growth in China was below expectations in April and May
CTRP (72.81 -2.93%): Priced its upsized $1.1 bln offering of convertible senior notes.
Mid Cap Gainers
PF (46.34 +7.51%): Outperforming in sympathy after activist investor disclosed a stake in peer Conagra (CAG), as mentioned above.
ACHC (76.35 +3.34%): Initiated with a Buy at Mizuho; tgt $84.
LEN (49.05 +3.68%): Outperforming on the heels of a strong earnings report from peer KB Home (KBH).
Mid Cap Losers
FNSR (19.82 -10.52%): Reported Q4 (Apr) EPS in-line, revs in-line; guided Q1 EPS in-line, revs in-line; Downgraded at Raymond James.
JMEI (22.38 -9.39%): After Shanghai's exchanged declined 6.4%, strong weakness can be seen Chinese ADSs who have outperformed in recent weeks on the heels of expectations of additional 'going private' deals (YY, BITA, SFUN, ATHM, WUBA also lower).
AMBA (118.67 -6.34%): Under pressure following cautious commentary from Citron Research.
