Market Movers, July.12

 6:12am, Dow futures up 91 points, currently 27 165

6:25am, HOOK up 37% on 12 000 shares traded after reporting “FDA Clearance of IND Application for HB-201 Clinical Trial to Treat HPV-Positive Cancers” Read more 21,588,756 shares outstanding going off the most recent 13-G filed on May.05

 7:01am, UXIN up 7 % on 15,872 shares traded after announcing ” that it has entered into a binding term sheet with Golden Pacer, a leading financial technology platform in China. Pursuant to the term sheet, Uxin will divest its loan facilitation related business to Golden Pacer in exchange for an aggregate of US$100 million cash and a certain number of shares of Golden Pacer”. Read more

SNAP upgraded to buy from neutral at Goldman Sachs, raised price target from $13.00 to $18.00. thefly.com reports Currently up 3.3% as of 7:10am on 108,560 shares traded.

Illumina down 15% on 37,804 shares traded as of 7:22am after cutting annual revenue expectations from 14% to 6%, CNBC reports.

7:45am, Medigus Ltd up 63% on 957,570 shares traded after recieving first large order for their integrated visualization device. The agreed payment was $650 000 for 1400 units. Read more

Not much ownership

Hillenbrand, Inc. to Acquire Milacron Holdings Corp. for
$18.07 per share, representing a premium of approximately 34% to Milacron’s closing stock price on July 11, 2019. Read more

VivoPower International PLC up 48 % after reporting strong operational improvments, Read more

The press release does a good job of selling the company, but if you look at the operational results from the actual report, you will notice that most of the loss reduction is due to the fact that the massive impairments from last year are no longer a part of the picture in this annual report

Autokiniton Global Group to Acquire Tower International for $31 Per Share in Cash, up 68 % , Read more


Leave a Reply

%d bloggers like this: