Market Movers, May.24th

Outlook up 20% on healthy volume in the premarket, 1.2m shares traded so far, 9:21am. No apparent news, but Sabby Management filed a 13g on May.22nd for 1,316,732 shares

Hibbett Sports Inc. Reports First Quarter EPS Increased 32% to $1.48 Per Share, $1.61 Excluding Non-Recurring Costs”, up 17% premarket on 73k shares traded, beating analyst expectations by 19 cents

Arrowhead Pharma joins SmallCap 600, up 7.1% to end the day

Foot Locker 1Q results miss Street, cuts earnings outlook, Financial Post. Down 10%, still intends to continue with 1.2 billion share repurchase plan

SPX opened strong, up .66%, 9:36am, Trump told reporters on Thursday afternoon that he expected the trade war to end quickly according the CNBC

Total System Services Inc up 11% on rumours of potential mega merger with Data Payment Inc according to Bloomberg. Story was reported in the evening a 9pm May.23rd

Santander Consumer USA adopts $400M stock buyback program, announced at 6:46am this morning

Jefferies analyst Owen Bennett gives APHA a $15 price target, up 7%

courtesy tradingview

CAVCO INDUSTRIES, gaps up and follows through 17%, REPORTS FISCAL 2019 FOURTH QUARTER AND YEAR END RESULTS. Income before income taxes was $26.1 million, a 15.0% decrease from $30.7 million compared to the same quarter last year, while annual net revenue was $962.7 million, up 10.5% from $871.2 million in the prior year. Annual income before income taxes increased 10.4% to $86.7 million as compared to $78.5 million year over year

Footlocker losses increase by another 6%, 10:35am, down 16.5%, highest volume in 9 months.

Splunk Analysts Say Lower Cash Flow Outlook Overshadows Beat, Bloomberg.

Looks likes a nice short the uptick trade. Something to look into further