- Rigel Pharmaceuticals, Inc. RIGL shares jumped 34.3 percent to $3.55 as the company disclosed that fostamatinib, its oral spleen tyrosine kinase inhibitor, met the primary endpoint in the final stage trial program for adult chronic/persistent immune thrombocytopenia treatment.
- Karyopharm Therapeutics Inc KPTI jumped 24 percent to $8.83. Jefferies upgraded Karyopharm Therapeutics from Hold to Buy and raised the price target from $9 to $12.
- Intrepid Potash, Inc. IPI shares gained 19 percent to $1.56 on news that Potash Corp. of Saskatchewan Inc. and Agrium Inc. are planning to merge.
- Petroquest Energy Inc PQ climbed 18.6 percent to $2.80. Petroquest Energy shares have dropped 59.03 percent over the past 52 weeks, while the S&P 500 index has gained 10.56 percent in the same period.
- Kamada Ltd KMDA surged 18.2 percent to $5.13 as the company disclosed favorable top-line results of its second stage trial on inhaled Alpha-1 Antitrypsin that met primary endpoint.
- Bonanza Creek Energy Inc BCEI shares climbed 17.5 percent to $1.07 after receiving a notice from the NYSE. Continued listing standards require for the stock's trailing 30-day average closing price to stand above $1.00. The NYSE provides a six-month cure period, over which the company plans to return to compliance, spokespeople said.
- Ritchie Bros. Auctioneers (USA) RBA shares surged 17.1 percent to $33.82. Ritchie Bros Auctioneers announced plans to buy IronPlanet for around $758.5 million.
- Potash Corporation of Saskatchewan (USA) POT shares gained 13.4 percent to $18.20 after the company confirmed preliminary merger discussions with Agrium Inc.
- Phibro Animal Health Corp PAHC shares jumped 11.8 percent to $23.88. Phibro Animal Health posted a top and bottom line beat for Q4.
- Orexigen Therapeutics, Inc. OREX shares rose 11.6 percent to $4.27 as the company reported a distribution agreement with Valeant Canada for Contrave.
- Gemphire Therapeutics Inc GEMP shares rose 11.4 percent to $10.99. RBC Capital initiated coverage on Gemphire Therapeutics with an Outperform rating and a $25.00 price target, while Canaccord Genuity initiated coverage on the stock with a Buy.
- Mosaic Co MOS shares climbed 10 percent to $30.74 on news that Potash Corp. of Saskatchewan Inc. and Agrium Inc. are planning to merge.
- United Continental Holdings Inc UAL gained 8.8 percent to $51.10 driven by the announcement that it named Scott Kirby as its new President. Kirby previously served as American Airlines Group Inc AAL’s President.
- Agrium Inc. (USA) AGU rose 8 percent to $96.56 after confirming preliminary merger discussions with Potash Corporation.
- Tech Data Corp TECD shares rose 5 percent to $75.85. Bank of America upgraded Tech Data from Underperform to Neutral.
- TrueCar Inc TRUE shares gained 3.9 percent to $9.87. B. Riley upgraded TrueCar from Sell to Neutral.
- Mondelez International Inc MDLZ rose 3.8 percent to $44.68 as the company said it was no longer in talks to acquire Hershey Co HSY as they had found no actionable path to an agreement.
- Barracuda Networks Inc CUDA gained 3.6 percent to $23.45. Pacific Crest upgraded Barracuda Networks from Sector Weight to Overweight.
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