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
CB (122.49 +28.75%): To be acquired by Ace Limited (ACE) ~$124.13/share in cash and stock or ~$28.3 bln, based on ACE's closing price yesterday.
HIG (43.78 +5.32%): Outperforming on the heels of the ACE/CB deal as well as notable call activity in the name.
TSO (87.59 +3.77%): Refiners strong amid the beneficial spread between WTI crude/Brent crude prices as WTI (-3.5%) is far underperforming Brent crude (-1.8%) (MPC, VLO also higher).
Large Cap Losers
EC (12.57 -5.2%): Widespread weakness in oil & gas names with WTI crude -3.5%, as mentioned above (SSL, CLR, HAL, STO, NBL, NOV among many others lower).
MKC (79.1 -2.29%): Beat Q2 consensus EPS estimates by $0.07, missed on revs; guided Q3 EPS in-line; guided FY15 EPS in-line.
Mid Cap Gainers
DY (63.06 +7.15%): Raised its Q4 EPS guidance, raised bottom end of Q4 revenue guidance; announced an additional $40 mln to its share repurchase program.
SC (26.3 +2.85%): Announced that its June assets sales reached $1.9 bln
CRTO (49.33 +3.48%): Price tgt raised to $65 at Pacific Crest.
Mid Cap Losers
ENTG (13.54 -7.1%): Downgraded to Neutral from Buy at Sidoti.
ROL (26.95 -5.54%): Downgraded to Neutral from Outperform at Macquarie.
GRUB (32.25 -5.34%): Cautious commentary from ITG suggesting market share loss at the name.
