Coverage of Top Gainers ReachLocal, Xencor, and Twilio

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.

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