Monday, July 30, 2007

Gapping up:

Gapping up on strong earnings/guidance: NGA +5.8%, CCJ +4.0%... M&A related news: RCCC +34.8% (to be acquired by MOT for $45 per share in cash), FUN +5.4% (NY Post reports that FUN enters into takeover talks)... Other news: GPCB +16.8% (SAP founder Dietmar Hopp raised stake to 14.5% from 10.1% - Bloomberg.com), TMY +12.9% (provided update of strategic sales process and field status), VVUS +10.0% (receives FDA approval of Evamist NDA; eligible to receive milestone payment of $140 mln from KV.A), IR +7.5% (to sell its Bobcat, Utility Equipment and Attachments business units for $4.9 bln; stock was also upgraded at Citigroup, downgraded at Baird), HRT +6.3% (announces a 5-Year supply agreement), CVTX +4.8% (engages investment banker Frederick Frank to provide advisory

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