Market Overview

18 Biggest Mid-Day Gainers For Wednesday

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  • Arctic Cat Inc (NASDAQ: ACAT) shares climbed 41.3 percent to $18.50 after the company agreed to be acquired by Textron Inc. (NYSE: TXT) in a $247 million all-cash deal.
  • Clean Diesel Technologies, Inc. (NASDAQ: CDTI) shares surged 32.8 percent to $2.63 after the company disclosed that it has partnered with DENSO Products and Services Americas Inc. to provide its technology to the North American heavy-duty market.
  • Civeo Corporation (Canada) (NYSE: CVEO) shares gained 26 percent to $3.49. Civeo shares have climbed 219.49 percent over the past 52 weeks, while the S&P 500 index has gained 21.47 percent in the same period.
  • Bob Evans Farms Inc (NASDAQ: BOBE) shares jumped 25.3 percent to $60.08 after the company agreed to sell its restaurants unit to Golden Gate Capital for $565 million. The company also plans to acquire Pineland Farms Potato Company for $115 million.
  • Seagate Technology PLC (NASDAQ: STX) shares surged 22.5 percent to $45.85 after the company reported better-than-expected results for its second quarter and issued a strong revenue outlook for the current quarter.
  • Halcon Resources Corporation (NYSE: HK) shares climbed 14 percent to $9.26. Halcón Resources disclosed the pricing of $400 million private placement and reported its entry into the Delaware Basin.
  • Logitech International SA (USA) (NASDAQ: LOGI) shares gained 12.8 percent to $28.91 after the company posted upbeat Q3 results.
  • Cree, Inc. (NASDAQ: CREE) climbed 12.6 percent to $30.86 as the company reported stronger-than-expected results for its second quarter on Tuesday.
  • Intrepid Potash, Inc. (NYSE: IPI) gained 11.5 percent to $2.32.
  • New Relic Inc (NYSE: NEWR) shares rose 10.6 percent to $36.83 following Cisco's purchase of AppDyanmics. Cowen reiterated Outperform rating on New Relic.
  • Meredith Corporation (NYSE: MDP) gained 9 percent to $60.20. Meredith posted Q2 adjusted earnings of $1.30 per share on revenue of $442.6 million.
  • Organovo Holdings Inc (NASDAQ: ONVO) shares rose 6.9 percent to $3.73. Raymond James initiated coverage of Organovo with an Outperform rating.
  • Gogo Inc (NASDAQ: GOGO) gained 6.4 percent to $9.27. Guggenheim initiated coverage of Gogo with a Buy rating.
  • Western Digital Corp (NASDAQ: WDC) gained 5.5 percent to $34.09. Western Digital is expected to release quarterly earnings after the closing bell.
  • Orexigen Therapeutics, Inc. (NASDAQ: OREX) gained 3.9 percent to $3.51 as the company reported the launch of Mysimba in Spain.
  • American Eagle Outfitters (NYSE: AEO) rose 2.7 percent to $15.39. Telsey Advisory Group upgraded American Eagle from Market Perform to Outperform.
  • Mimecast Ltd (NASDAQ: MIME) rose 2.6 percent to $22.38. Brean Capital initiated coverage on Mimecast with a Buy rating.
  • Alcoa Corp (NYSE: AA) shares rose 2 percent to $38.18. Alcoa reported weaker-than-expected earnings for its fourth quarter, but sales exceeded expectations.

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

 

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