Company News For Aug 16, 2018

• Macy's, Inc.’s (M - Free Report) shares plummeted 16% after the company reported second-quarter fiscal 2018 net sales of $5.57 billion, missing the Zacks Consensus Estimate of $5.62 billion.
• Shares of Energen Corporation jumped 2.8% on news that the company will be acquired by Diamondback Energy in an all-stock transaction of around $8.4 billion, excluding debt
• Constellation Brands, Inc.’s (STZ - Free Report) shares fell 6.1% on news that the company was investing $4 billion in Canadian cannabis company Canopy Growth
• Shares of KMG Chemicals, Inc. gained 15.2% after Cabot Microelectronics Corporation announced plans to buy the company in a $1.6 billion deal 

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