LONDON, UK / ACCESSWIRE / June 29, 2016 / Active Wall St announces its coverage of market signals with highlight on these Top Gainers from Monday's session: ReachLocal Inc. (NASDAQ: RLOC), Xencor Inc. (NASDAQ: XNCR), and Twilio Inc. (NYSE:TWLO). Register with us now for your free membership and get more on our signal alert and insight for ReachLocal at:
http://www.activewallst.com/registration-3/?symbol=RLOC
Stock Market Performance
On Tuesday, June 28, 2016, U.S. Stock indexes turned around showing first signs of recovery as the Dow shot up more than 200 points after the turmoil in the stock markets around the world, in the wake of the Britain's referendum to exit the European Union. The Dow Jones industrial average gained 269.48 points, or 1.57%,
The S&P 500 index was up 1.78% and the Nasdaq composite gained 2.12%.
Today, AWS is promoting its market signals coverage with emphasis on RLOC, XNCR, and TWLO. Get all of our reports for free by signing up to http://www.activewallst.com/register/.
We take a look at some of the biggest gainers at the close of yesterday's trading session:
Top Gainers - ReachLocal
On Tuesday, shares of ReachLocal Inc. skyrocketed 169.82% to close at $4.56, after Gannett Inc. (NYSE: GCI), the largest U.S. newspaper by total daily circulation, announced that it had reached a definitive agreement to acquire ReachLocal.
Gannet, the publisher of USA Today said it would pay $4.60 per share in cash for ReachLocal, which represents a premium of 188% to its closing price on Friday, June 24, 2016. At $4.60 per share, the total value of the deal comes to approximately $156 million. The deal is expected to be completed by the third quarter of 2016. The acquisition of ReachLocal, which has more than 16,000 customers, is expected to expand Gannett's digital revenue by about 50%.
At the close on Tuesday, the stock recorded trading volume of 5.12 million shares, which was higher than its three months average volume of 98,828. Reachlocal's shares have advanced 176.36% since the beginning of 2016.
Following yesterday's session and news, Gannet's shares declined 1.98% to close at $13.35.
Top Gainers - Xencor
Shares of biotech firm Xencor Inc. soared on Tuesday, June 28, 2016, by 32.06% to $16.56 after the company announced an agreement with Swiss drug giant Novartis. Under the deal, Novartis will pay Xencor $150 million, and potentially much more in the future, as the companies collaborate to develop and commercialize two experimental cancer drugs, one for acute myeloid leukemia and the other for B-cell malignancies.
Xencor will have commercialization rights in the U.S., while Novartis will have rights in the rest of the world. Xencor's shares had closed at $12.56 in the previous trading session, and yesterday after opening higher at $15.10, the rally took the share price to an intraday high of $18.19 which also marked the stock's highest level since it peak price on September 21, 2015 at $18.95. Since the beginning of 2016, the stock has advanced 13.27%.
Top Gainers – Twilio
Twilio Inc., the first venture-backed Bay Area tech company to go public in 2016, continued its run on Tuesday after a Brexit-induced drop last Friday and Monday, June 27, as the stock closed up by 9.80% at $29.92.
Twilio IPOed at $15 a share on Thursday, June 24, 2016, surging 91% to reach $28 in a single trading session. However, the company could not maintain the momentum as global stock markets went troubled waters following the Brexit's shock.
Twilio runs a cloud-based API that allows software developers to programmatically make and receive phone calls, text messages and video chats. The company has big name clients using its services such as Facebook's (NASDAQ: FB) Whatsapp, Nordstrom (NYSE: JWN), Coca Cola (NYSE: KO) among others.
Twilio boast of a strong financial record with a top line growing at a pace of 86% on Y-o-Y basis, while the company has also reported narrowing losses and improving adjusted EBITDA margin.
Active Wall Street:
Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
AWS has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@activewallst.com
Phone number: 1-858-257-3144
Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active Wall Street
ReleaseID: 441786
