Unusual 11 Mid-Day Movers 6/18: NPBC, NNI, STSI, MIPI Higher; MTMC, BZH, YRCW, TSFG Lower

June 18, 2009 12:50 PM EDT

National Penn Bancshares, Inc. (Nasdaq: NPBC) 39.4% HIGHER; announced that it has raised over $70 million in a temporary revision of its dividend reinvestment and stock buyback program. Click here for the full report.

MTM Technologies, Inc. (NASDAQ: MTMC) 24.5% LOWER; announced that it has received $6.5 million in additional funding to improve its working capital position. Click here for the full report.

Nelnet Inc. (NYSE: NNI) 22.6% HIGHER; indicated to open much higher today after the company received Department of Education student loan servicing contracts. The news alleviated some concerns about the company's role with the new administration. Click here for the full report.

Star Scientific (Nasdaq: STSI) 22.2% HIGHER; bouncing today following a 73% dip yesterday on news that a jury judged in favor of Reynolds (NYSE: RAI) in a patent infringement case brought by Star.

Beazer Homes USA (NYSE: BZH) 17.4% LOWER; since having its credit rating cut again by S&P on June 16, shares have sank by more than 30%.

Molecular Insight Pharma (Nasdaq: MIPI) 16.7% HIGHER; continuing higher today following a 42% jump yesterday on news that the company presented clinical data on a radiolabeled, small-molecule molecular imaging pharmaceutical in development for diagnosis and staging of prostate cancer at the 2009 annual meeting of the Society of Nuclear Medicine in Toronto.

YRC Worldwide Inc. (Nasdaq: YRCW) 15.6% LOWER; announced today that it has finalized an agreement with Central States, Southeast and Southwest Areas Pension Fund in which the company will provide certain of the company's real estate as collateral in lieu of making pension contribution payments during the second quarter. The estimated combined contribution payment deferral to Central States is approximately $83 million. The agreement calls for the company to repay the deferred contributions over three years beginning in January 2010. Also downgraded to Underperform by Baird.

The South Financial Group, Inc. (NASDAQ: TSFG) 15.6% LOWER; today announced a capital plan estimated to add approximately $300 million to $315 million in Tier 1 common capital.

Liz Claiborne, Inc. (NYSE: LIZ) 15.2% LOWER; announced that it intends to offer, subject to market and other conditions, $75 million principal amount of convertible senior notes due 2014. The Company expects to grant the initial purchasers in the offering an option to purchase up to an additional $15 million of notes to cover over-allotments, if any.

Pacific Capital Bancorp (Nasdaq: PCBC) 15% HIGHER; Keefe, Bruyette & Woods upgraded the stock to Market Perform with a $5 price target. Click here for more color on the upgrade.

Winnebago Industries, Inc. (NYSE: WGO) 13.7% HIGHER; reports Q3 loss of $0.29, 2 cents worse than the analyst estimate of ($0.27). Revenue for the quarter was $50.8 million, versus the consensus of $79.51 million.

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

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