Market Overview

15 Biggest Mid-Day Gainers For Monday

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  • xG Technology Inc (NASDAQ: XGTI) shares surged 83.9 percent to $4.23 after the company announced plans to acquire Vislink Communication Systems.
  • Globalstar, Inc. (NYSE: GSAT) shares rose 41 percent to $1.48 on a Bloomberg article over the weekend saying that the revised Wi-Fi proposal was put on circulation by the FCC.
  • Loxo Oncology Inc (NASDAQ: LOXO) shares gained 28.7 percent to $34.63 as the company announced plans for accelerated path to the FDA approval for larotrectinib. The company expects to submit NDA by late 2017 or early 2018.
  • Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) shares climbed 23.7 percent to $0.569 after the company disclosed that its PTSD Phase 3-ready drug candidate TNX-102 SL has been given Breakthrough Therapy designation by the FDA.
  • Concordia International Corp (NASDAQ: CXRX) gained 15.8 percent to $2.49 after the company issued a business update. The company disclosed that it has paid the 1st installment of its earn-out of £72 million to Cinven related to its acquisition of Amdipharm Mercury. Concordia also terminated its Phase 3 trial for Photodynamic Therapy with Photofrin and eliminated its contract sales team.
  • Straight Path Communications Inc (NYSE: STRP) shares climbed 14.2 percent to $33.25. Straight Path Communications shares have climbed 42.68 percent over the past 52 weeks, while the S&P 500 index has gained 11.72 percent in the same period.
  • Ocular Therapeutix Inc (NASDAQ: OCUL) surged 12.5 percent to $8.94. Ocular Therapeutix shares have dropped 22.44 percent over the past 52 weeks, while the S&P 500 index has gained 11.72 percent in the same period.
  • Allied World Assurance Co Holdings, AG. (NYSE: AWH) rose 12 percent to $51.26 after Fairfax Financial Holdings Ltd (OTC: FRFHF) agreed to buy the company for $4.9 billion in cash and stock.
  • Recro Pharma Inc (NASDAQ: REPH) climbed 11 percent to $7.59. Piper Jaffray initiated coverage on Recro Pharma with an Overweight rating. On Friday, Deerfield Mgmt, L.P. reported a 10.9 percent passive stake in Recro Pharma.
  • Brainstorm Cell Therapeutics Inc (NASDAQ: BCLI) gained 7.1 percent to $2.86 after the company disclosed that it has completed a successful end-of-Phase 2 meeting with the FDA.
  • DryShips Inc. (NASDAQ: DRYS) shares gained 5.9 percent to $5.20 after dropping 9.07 percent on Friday.
  • Lam Research Corporation (NASDAQ: LRCX) rose 3.8 percent to $108.36. Goldman Sachs upgraded Lam Research from Neutral to Buy.
  • HubSpot Inc (NYSE: HUBS) gained 3.6 percent to $49.10. Raymond James upgraded HubSpot from Outperform to Strong Buy.
  • Lennar Corporation (NYSE: LEN) shares rose 3 percent to $44.74 after the company posted stronger-than-expected earnings for its fourth quarter on Monday.
  • DexCom, Inc. (NASDAQ: DXCM) shares gained around 3 percent to $65.12. Oppenheimer upgraded DexCom from Perform to Outperform.

Latest Ratings for XGTI

DateFirmActionFromTo
Dec 2018Dawson JamesInitiates Coverage OnBuy
Jul 2017Maxim GroupInitiates Coverage OnBuy
Jan 2017Roth CapitalUpgradesNeutralBuy

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

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ESTCCanaccord GenuityMaintains150.0
AVAVCanaccord GenuityMaintains98.0
OKTACanaccord GenuityMaintains250.0
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RCMSVB LeerinkMaintains26.0
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