NewsHedge Alert: 9:01:32am Ticker: ENDP
Alert Price: $60.29 Change: – 4.19% with 14 minutes
Catalyst: (news) Endo International shares were upgraded to buy from hold by Standpoint Research. Shares quickly jump + 4% to then fade slowly from the highs—giving traders an opportunity to profit from the over reaction.
NewsHedge Alert: 8:55:21am Ticker: LGF
Alert Price: $39.43 Change: – 4.13% with 95 minutes
Catalyst: (news) Lions Gate shares under pressure after announcing a 3.98M secondary offering priced this morning at $39.02/share.
NewsHedge Alert: 9:18:40am Ticker: MNKD
Alert Price: $2.49 Change: + 19.67% with 6-minutes
Catalyst: (news/rumor) Mannkind rallied after the specialty drugmaker confirms its stock will begin trading early next week on the Tel Aviv Stock Exchange, which will require the direct sale of a still-to-be-determined number of Mannkind shares to selected Israeli investment funds. Shares likely surging from a short-squeeze.
NewsHedge Alert: 8:30:33am Ticker: GIL
Alert Price: $26.89 Change: + 7.25% by market close
Catalyst: (earnings news) Gildan reports EPS $0.28-$0.30 vs $0.33 Est., Sales $500M+ vs $520M Est. Results were ahead of the Street projections for earnings per share but missed estimates on revenues. Gildan opens lower, but then halted to accommodate order flow. Shares rise immediately after trading resumes.
NewsHedge Alert: 8:50:33am Ticker: SMCI
Alert Price: $88.55 Change: + 3.84% by market close
Catalyst: (news) Shares of Molson Coors still active after yesterday’s news about the deal to buy the rest of the Miller Coors LLC U.S. joint venture, paving the way for SABMiller PLC to cement its blockbuster sale to Anheuser-Busch InBev.
NewsHedge Alert: 8:50:33am Ticker: SMCI
Alert Price: $28.36 Change: – 7.44% by market close
Catalyst: (news, analyst action) Super Micro Computer was downgraded to neutral from a positive rating by Susquehanna analysts. Shares slide lower through the morning session.
NewsHedge Alert: 11:25:04am Ticker: APA & APC
Alert Price: $55.82 (APA) Change: – 6.8% within 20-minutes
Catalyst: (news) Rumor breaks that Anadarko sent a non-binding offer to acquire Apache. Shares instantly spike to then only sell-off for the next 20 minutes.
Alert Price: $69.62 (APC) Change: – 5.7% within 2-minutes before “HALT PAUSE”
NewsHedge Alert: 8:34:51am Ticker: W
Alert Price: $44.48 Change: – 10% by market close
Catalyst: (earnings news) Instestors shrugg off Wayfairs much-better-than-consensus 3Q results.
NewsHedge Alert: 8:33:03am Ticker: TERP
Alert Price: $18.25 Change: – 20% by market close
Catalyst: (earnings news) TerraForm earnings disappoint. Investors have become more cautious of renewable-energy developers and their products amid concerns about declining government subsidies and uneven execution and results.
NewsHedge Alert: 10:13:37am Ticker: SNI
Alert Price: $59.92 Change: – 2.55% by market close
Catalyst: (conference call) Scripps Networks said its third-quarter profit fell 5.2% on restructuring costs, but revenue rose on growth in advertising. Market shrugs it off as selling ensues.
