Stocks that are Rising/Fallling And Why (6 Nov 2018)

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by NaturalHedgehog

Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging!

Below are my notes from 5 November 2018 as of mid-morning. (This list is limited to companies with market cap >$100 million, and also excludes VIX, short ETFs, etc, as these just reflect the market, rather than individual companies.)

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Today Company About Driving the stock
+39% Vericel (VCEL) Drug developer Revenue/earnings beat and guidance raise
+32% ConvergeOne (CVON) IT services provider CVC (private equity) acquiring CVON for $1.8 billion
+31% Gogo (GOGO) In-flight wifi Revenue/earnings beat, surpasses 5k systems live
+26% On Deck Capital (ONDK) Online SMB lending Earnings beat
+19% Novanta (NOVT) Electronics (photonics) Revenue/earnings beat
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Today Company About Driving the stock
-38% GreenSky (GSKY) Specialty online loans Revenue/earnings miss and guidance lowered, announced stock repurchase
-23% Fiesta Restaurant (FRGI) Fast casual restaurants Revenue/earnings miss
-21% Core-Mark (CORE) Convenience store supplier Revenue/earnings miss
-19% Bloom Energy (BE) Fuel cell maker Revenue beat, narrower loss, investors disappointed by metrics
-19% Glatfelter (GLT) Paper company Weak earnings
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