AGA Medical Holdings, Inc. (NASDAQ: AGAM) is surging after St. Jude Medical acquired the company for $1.4 billion or $20.80 per share versus a $14.71 close Friday and 52-week range of $11.61 to $18.95. As with many deals, there is a premium to the premium merger in hopes of a better deal. Shares are up 41% at $20.75 this morning.
Apple Inc. (NASDAQ: AAPL) is up this morning before tonight’s earnings report. We have a full analyst outlay ahead of the numbers. Shares are up 1.5% at $319.60 or so this morning.
Ambac Financial Group, Inc. (NYSE: ABK) is not seeing another big gap-up after last week’s mortgage/foreclosure-related win as the banks got hit. Shares are down 1% at $1.04 on 350,000 shares.
Fluor Corporation (NYSE: FLR) is taking a hit after a $163 million charge in part to a offshore wind project. Shares are down 5.1% at $49.21.
ISTA Pharmaceuticals, Inc. (NASDAQ: ISTA) received FDA approval for its BROMDAY eye drop for the treatment of postoperative inflammation and reduction of ocular pain in patients who have undergone cataract extraction. Shares are up 14% at $5.10 but the shares were up 20% earlier.
Lululemon Athletica Inc. (NASDAQ: LULU) is lower after Barron’s reported that the stock seemed to be overvalued. Shares are down 2.2% at $45.01.
PetMed Express, Inc. (NASDAQ: PETS) posted $0.22 EPS vs. $0.26 estimates as sales rose 4.1%. Shares are lower by over 12% at $13.93.
Seagate Technology PLC (NYSE: STX) is trading up again on word that Bain may join buyout talks over the pending Seagate acquisition that is reportedly coming. Shares are up another 7.5% at $16.70 pre-market and this was a $12.69 stock before the rumors surfaced last week.
Western Digital Corp. (NYSE: WDC) is up in Seagate-hype and after Barron’s noted it as a potential LBO candidate. Western was up Friday with Seagate as well. Shares are up 2% at $32.55 and Western Digital was at $29.49 before the rumors came on Seagate.
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JON C. OGG
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