dougs-daily-diary

Upside, Downside Movers in the Morning

-GBTG +57% (to be acquired by Long Lake at $9.50/shr in $6.3B all-cash deal; reports earnings, suspends FY guidance) -RLYB +45% (Candid Therapeutics agrees to be acquired by UCB; Terminates Merger Agreement with Rally) -ASRT +17% (announces Amended and Restated Merger Agreement with Garda ...

Doug Kass·May 4, 2026, 9:24 AM EDT

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Upside:

-GBTG +57% (to be acquired by Long Lake at $9.50/shr in $6.3B all-cash deal; reports earnings, suspends FY guidance)

-RLYB +45% (Candid Therapeutics agrees to be acquired by UCB; Terminates Merger Agreement with Rally)

-ASRT +17% (announces Amended and Restated Merger Agreement with Garda Therapeutics)

-CELC +14% (Phase 3 VIKTORIA-1 Trial Achieves Primary Endpoint with Clinically Meaningful Improvement in Progression-Free Survival in PIK3CA Mutant Cohort)

-BB +13% (constructive mention by WSJ)

-OUST +11% (releases new family of OS digital lidar sensors, Rev8, powered by its next-generation L4 Ouster Silicon)

-MDV +10% (to be acquired by Global Net Lease at ~$18.82/shr in $535M all-stock deal)

-EBAY +7.4% (confirms receipt of Unsolicited Proposal from GameStop)

-XRX +5.2% (momentum)

-SRAD +3.3% (discloses multiple insider stock purchases)

-FSTR +3.2% (earnings, guidance)

-PRE +2.6% (discloses Board authorized sale of entire Bitcoin treasury of ~510 BTC)

-HESM +2.1% (earnings, guidance)

Downside:

-CCOI -21% (earnings, color)

-NCLH -7.2% (earnings, guidance)

-FDX -5.4% (AMZN launches Amazon Supply Chain Services)

-UPS -4.3% (AMZN launches Amazon Supply Chain Services)

-LLY -3.0% (FDA Notice of liver failure in Foundayo patient)

-GME -2.9% (EBAY confirms receipt of Unsolicited Proposal from GameStop)

-VITL -2.8% (DA Davidson Cuts VITL to Neutral from Buy, price target: $16 from $47)

Positions: None.