Unusual 11 Mid-Day Movers 5/27: OCLS, SPRD, MAPP, SNDK Higher; SEED, ZLC, CSA, GM Lower

May 27, 2009 12:02 PM EDT

Oculus Innovative Sciences, Inc. (Nasdaq: OCLS) 144.2% HIGHER; received 510(k) clearance from the FDA to market its Microcyn Skin and Wound Gel as both a prescription and over-the-counter formulation.

Spreadtrum Communications (Nasdaq: SPRD) 19.2% HIGHER; traders are gobbling up shares of this Semi stock ahead of its Q1 results, which are expected out after the close today.

MAPP Pharma (Nasdaq: MAPP) 18.4% HIGHER; following news yesterday that a Phase 3 trial of LEVADEX meet all four of its primary endpoints. Today, the stock was upgraded at both Bank of America and Deutsche Bank.

Origin Agritech Limited (NASDAQ: SEED) 16.7% LOWER; reports Q2 non-GAAP loss of $0.17, compared to a $0.18 loss in the same quarter last year. Revenue for the quarter was $170K, versus $220K in Q208. Reiterates its FY09 outlook.

SanDisk (NASDAQ: SNDK) 16.1% HIGHER; and Samsung Electronics Co., Ltd. announced today that they signed a definitive agreement to renew the cross license of their semiconductor patent portfolios. In addition, the companies signed a flash memory supply agreement under which Samsung will continue to make available to SanDisk a guaranteed portion of its flash memory production output. Click here for the full report.

Zale Corp. (NYSE: ZLC) 16.1% LOWER; reports Q3 EPS of ($0.73) versus the analyst estimate of ($0.46). Revenue for the quarter was $379.1 million, versus the consensus of $428.45 million.

Cogdell Spencer Inc. (NYSE: CSA) 15.7% LOWER; announced today that it priced an underwritten public offering of 20,000,000 shares of common stock at a price of $3.50 per share. Cogdell Spencer also has granted the underwriters an option to purchase up to an additional 3,000,000 shares of common stock.

Sequenom Inc. (Nasdaq: SQNM) 15.1% HIGHER; an analyst at Lazard upgraded the stock from Sell to Hold, citing "the rewards for investors are likely greater than the risks with the stock trading so low."

Avis Budget Group, Inc. (NYSE: CAR) 13.6% HIGHER; today announced that Avis and Budget have been exclusively selected as Air Canada's preferred worldwide car rental suppliers. Air Canada customers can now reserve a rental car from Avis or Budget with greater ease and convenience by shopping and selecting their Avis or Budget vehicle on aircanada.com.

General Motors Corp. (NYSE: GM) 12.5% LOWER; announced the expiration of its exchange offers for $27.2 billion of its unsecured public notes and the related consent solicitations that were commenced on April 27, 2009. Click here for the full report.

Delta Air Lines (NYSE: DAL) 9.3% LOWER; airline stocks are falling today as data released showed that international demand fell 3.1% during the month of April.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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