Naz News, Gappers and FLE's

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Gapping up


In reaction to strong earnings/guidance: PRGS +8.1%

M&A news: HNT +15.6% (to be acquired by Centene (CNC) for ~$78.57/share in cash and stock), PKY +3.3% (Bloomberg reporting that co is considering strategic options including a potential sale), CNC +2.6%, SYT +1.9% (cont spec on M&A with MON), AMBA +1.8% (acquires VisLab S.r.l., a privately held Italian company based in Parma, Italy for $30 million in cash ), CHK +1.5% (Privately-Held FourPoint Energy to acquire oil and gas assets from Chesapeake Exploration and CHK Cleveland Tonkawa for $840 mln), SSYS +1.1% (acquires RTC Rapid Technologies)

Other news: PVCT +24.5% (signs Letter of Intent with Boehringer Ingelheim (China) Investment to collaborate in bringing PV-10 to market in mainland China, Hong Kong and Taiwan), XOOM +22.5% (to be acquired by Paypal (PYPL) for $25/share, or ~$890 mln), AGTC +18.7% (Applied Genetic Technologies and Biogen (BIIB) enter into a collaboration and license agreement to develop gene-based therapies for multiple ophthalmic diseases), HNSN +17.5% (receives FDA 510(k) clearance for its Magellan 10Fr Robotic Catheter for use in the peripheral vasculature), ACRX +11.7% (reports that results from its IAP311 study have been published in the publication Anesthesiology), NAVB +8% (reports imaging results from its Manocept clinical trial and other preclinical studies), GRBK +6.7% (Form 4 filings indicate Third Point, Greenlight Capital, and company directors bought shares in 17 mln share offering of common stock at $10 per share announced on June 22), CFMS +6.7% (favorable commentary on Wednesday's Mad Money), ARO +4.9% (confirms expansion plans throughout Asia, with new licensing agreements in India and Indonesia), MBI +4.6% (strength on further reports regarding Puerto Rico successfully paying $1.9 bln in debt obligations), GTLS +4.3% (to replace IGTE in the S&P SmallCap 600), TSLA +4.1% (announces 11,507 Model S deliveries for Q2 2015), OFG +3.6% (strength on further reports regarding Puerto Rico successfully paying $1.9 bln in debt obligations), AMBC +3.6% (confirms that all payments due on its insured Puerto Rico bonds have been paid in full by the relevant issuer ), WLL +3.4% (announces results of exchange offer relating to outstanding, unregistered 6.25% Senior Notes due 2023), VNOM +3.1% (filed $1 bln common unit offering representing limited partner interests and for up to ~70.95 mln common units representing limited partner interests by selling unitholders), SPNC +3% ( reports that a federal court in California awards AngioScore $20 million plus disgorgement in breach of fiduciary duty case), BP +2.8% ( report suggesting pollution settlement from Gulf oil spill in 2010), WYNN +2.4% (Macau data), MGM +1.9% (Macau data), LVS +1.8% (Macau data), PBR +1.2% (to analyze strategic alternatives for its Petrobras Distribuidora subsidiary; also announced the sale of 20% of its interest in the concessions of Bijupirá and Salema fields), NSM +1.1% (Point72 Asset Management discloses 5.2% passive stake in 13G filing)

Analyst comments: GRUB +4.3% (upgraded to Outperform at RBC Capital Mkts), LLNW +1.8% (initiated with an Outperform at Cowen), TEX +1% (upgraded to Neutral from Underperform at BofA/Merrill), T +0.8% (upgraded to Outperform from Market Perform at Cowen), AZN +0.6% (upgraded to Buy from Hold at Berenberg


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