As Independence Day snoops around the corner, Greece awaits a decision, Puerto Rico sticks around for an answer, and a mixed jobs report, Thursday’s market session notably contained many movers:
Winners:
Real Good Solar Inc RGSE spiked 24 percent on the solar energy company concluded a $5 million public offering; It sold Class A common shares alongside Series F common share warrants at the price of $3.65 per unit.
Xoom Corporation XOOM soared 22 percent after Ebay’s PayPal reached an agreement to purchase Xoom for $25 per share; totaling to ~$890 million. PayPal aspires to expand its payment services while simultaneously advancing “time-to-market” in its international markets.
Applied Genetic Technologies Corp AGTC climbed 16 percent on a collaborative deal involving Biogen Inc BIIB to develop gene therapies in ophthalmology; Applied Genetics will be receiving $124 million upfront, but will have potential milestone payments and royalties subsequently.
ConforMIS Inc CFMS continues its rally as the new publicly traded stock is lifted 15 percent, after gaining ~28 percent on Wednesday. Jim Cramer spoke with Dr. Philipp Lang, CEO of ConforMIS, he specified that the company is a “truly disruptive technology that starts with computer-assisted designs that stem from 3-D CT scans.” He concluded that ConforMIS’ biggest challenge is “simply getting the word out to both patients and surgeons.”
Health Net Inc HNT was up 12 percent after Centene Corp CNC made a bid for the managed care organization amounting to $6.3 billion.
Aeropostale Inc ARO was rising 10 percent after it plans to open licensed stores in India and Indonesia; In India alone, the clothing retailer plans to open 150 in-store shops and 50 standalone locations.
Losers:
Comstock Resources Inc (CRK) continues to fall, declining nearly 11 percent on the day. The company continues its losses from Wednesday; after deciding it will divest its properties in Texas; properties amounting to $115 million.
Momenta Pharmaceuticals Inc (MNTA) dwindled down 8 percent amid a downgrade rating to Sell by UBS Securities.
Cliffs Natural Resources Inc CLF fell nearly 8 percent as the stock continues to cope with depressed forecasts for iron ore prices; as they are down below $60, continuing a terrible run after falling down 13 of the past 14 days of trading.
Cognizant Technology Solutions Corporation CTSH was down nearly 4 percent after the IT company reported that the seven year master service agreement with Health Net may not be achievable if Health Net merges with Centene Corp.
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