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
BP (41.38 +5.37%): Announced it would settle federal, state and local Deepwater Horizon claims for up to $18.7 bln with payments to be spread over 18 years.
IBKR (44.36 +3.78%): Outperforming on the heels of positive comments from a tier 1 firm.
VRTX (130.9 +3.73%): Strong in anticipation of the FDA's review of its Orkambi treatment for cystic fibrosis. Shares were halted midday, upon which the FDA issued an approval. Shares have yet to resume.
Large Cap Losers
WU (19.15 -6.08%): Downgraded to Hold from Buy at Evercore ISI; tgt to $20 from $23.
CTSH (59.8 -3.73%): Announced that its existing seven year master services agreement with Health Net (HNT) will not be implemented as there will likely be overlaps if HNT merges with Centene (CNC); reaffirmed its FY15 guidance.
DD (60.07 -2.21%): Price tgt lowered at RBC Capital Mkts & UBS following completion of Chemours (CC) spinoff.
Mid Cap Gainers
HNT (70.91 +8.99%): To be acquired by Centene (CNC) for ~$78.57/share in cash and stock in a $6.8 bln deal.
FIT (42.81 +1.01%): Continued strength following its June IPO; favorable mention on last night's Mad Money segment.
IOC (59.35 +2.82%): Announced that it and the PRL 15 joint venture participants have unanimously endorsed recommendations from Total SA for key project infrastructure sites for development of the Elk-Antelope gas field in Papua New Guinea. Selection of the final development concept, including the size and capacity of facilities, is expected in early 2016.
Mid Cap Losers
YELP (37.29 -12.13%): Reports out the company has decided against pursuing a sale.
GNRC (37.17 -6.56%): Downgraded to Underperform from Neutral at BofA/Merrill; tgt $33.
QUNR (40.55 -3.5%): Confirmed the final judgment in its dispute with eLong (LONG); weakness in the Shanghai index weighing in addition.
