Micron Technology, Inc. (NASDAQ:MU) (MarketWatch)
Micron Technology Inc. MU, +10.22% shares surged Monday after one analyst nearly doubled his price target on the stock. Micron shares rallied nearly 12% to $60.87 at last check. Instinet analyst Romit Shah, who raised his rating on Micron to buy from reduce back in June 2016, raised his price target to $100 from $55. “We see DRAM pricing resuming an upward trend in Q2, a first-time dividend and share buyback announcement in May, continued margin expansion in NAND and increased M&A discussion as important catalysts,” Shah said.
Cogentix Medical Inc. (NASDAQ:CGNT) (The Motley Fool)
What happened: Shares of Cogentix Medical Inc. (NASDAQ:CGNT), a small-cap medical-device company, jumped this morning following a merger-agreement announcement. News of the impending acquisition by a subsidiary of Sweden’s Investor AB has pushed the stock 14.2% higher as of 10:53 a.m. EDT on Monday. So what: Investor AB’s Laborie Medical Technologies subsidiary develops and markets pelvic-health-related devices, which makes Cogentix’s flexible endoscopy products a perfect fit.
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BlueLinx Holdings Inc. (NYSE:BXC) (Benzinga)
BlueLinx Holdings Inc. shares surged 49.4 percent to $23.51 after the company reported a $413 million merger with Cedar Creek.
PRADA S P A/ADR (OTCMKTS:PRDSY) (The Wall Street Journal)
Fashionistas can seem hysterical when it comes to the latest trends. But fashion company shareholders don’t appear immune. When Italian luxury goods maker Prada revealed poor first half results last September, its Hong Kong-listed shares slumped 12%. On Monday, after it said sales for the first two months of 2018 were up 7.5%, its stock jumped 15%. Some moderation is in order.
Anthera Pharmaceuticals Inc (NASDAQ:ANTH) (Benzinga)
Anthera Pharmaceuticals Inc shares tumbled 80.9 percent to $0.504 following announcement that the company would terminate development of Sollpura after Phase 3 study did did not achieve primary endpoint.
Tesla Inc (NASDAQ:TSLA) (MarketWatch)
Tesla Inc. stock on Monday gained the most since early January, and traded as the No. 2 best performer on the Nasdaq-100 index. The shares traded as high as 4.8%, their largest intraday percentage increase since Jan. 8.The pop put Tesla TSLA, +5.41% shares on track for their highest close since Feb. 28, when it closed at $343.06, and snapped a two-day losing streak for the stock. The company is fresh from getting a nod from analysts at Morgan Stanley, led by Adam Jonas, who on Friday wrote he believed the Silicon Valley company would overcome production bottlenecks and ramp Model 3 production throughout 2018.
Boeing Co (NYSE:BA) (CNBC)
Boeing – A White House official said President Donald Trump will visit a Boeing plant in St. Louis to tout the tax overhaul’s impact on businesses and the country. Boeing said in January it expected to hire more people because of the lower corporate tax rate that came with the overhaul.
Netflix, Inc. (NASDAQ:NFLX) (Bloomberg)
Short seller Andrew Left of Citron Research is setting his sights on high-flier Netflix Inc., noting in a tweet that the streaming company’s market cap has increased by $17 billion since the beginning of March as short interest hovers near a 10-year low. Left, known for his aggressive short calls predicting severe downturns in stock, said Netflix shares “can be shorted back down to $300 per share,” which works out to 9.5 percent below Friday’s closing price of $331.44. Netflix shares fell as much as 3.1 percent Monday after Citron’s tweet, then sank to a session low, down 3.8 percent, after Apple Inc.’s services head Eddy Cue made comments at the South By Southwest conference in Austin that suggested the company wouldn’t be interested in an acquisition.
