Market Overview

18 Biggest Mid-Day Gainers For Tuesday

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  • Rigel Pharmaceuticals, Inc. (NASDAQ: 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 (NASDAQ: 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. (NYSE: 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 (NYSE: 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 (NASDAQ: 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 (NASDAQ: 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) (NYSE: 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) (NYSE: POT) shares gained 13.4 percent to $18.20 after the company confirmed preliminary merger discussions with Agrium Inc.
  • Phibro Animal Health Corp (NASDAQ: PAHC) shares jumped 11.8 percent to $23.88. Phibro Animal Health posted a top and bottom line beat for Q4.
  • Orexigen Therapeutics, Inc. (NASDAQ: OREX) shares rose 11.6 percent to $4.27 as the company reported a distribution agreement with Valeant Canada for Contrave.
  • Gemphire Therapeutics Inc (NASDAQ: 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 (NYSE: 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 (NYSE: 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 (NASDAQ: AAL)’s President.
  • Agrium Inc. (USA) (NYSE: AGU) rose 8 percent to $96.56 after confirming preliminary merger discussions with Potash Corporation.
  • Tech Data Corp (NASDAQ: TECD) shares rose 5 percent to $75.85. Bank of America upgraded Tech Data from Underperform to Neutral.
  • TrueCar Inc (NASDAQ: TRUE) shares gained 3.9 percent to $9.87. B. Riley upgraded TrueCar from Sell to Neutral.
  • Mondelez International Inc (NASDAQ: MDLZ) rose 3.8 percent to $44.68 as the company said it was no longer in talks to acquire Hershey Co (NYSE: HSY) as they had found no actionable path to an agreement.
  • Barracuda Networks Inc (NYSE: CUDA) gained 3.6 percent to $23.45. Pacific Crest upgraded Barracuda Networks from Sector Weight to Overweight.

Posted-In: Mid-Day MoversNews Intraday Update Markets Movers

 

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