Unusual 11 Mid-Day Movers 8/10: FRE, YMI, TFCO, ELON Higher; TGIC, HWCC, ASPS Lower

August 10, 2009 1:13 PM EDT

Freddie Mac (NYSE: FRE) 82% HIGHER; after reporting a second quarter loss of just $0.11 per share on Friday. Freddie Mac also did not submitted a new draw request to Treasury, although the firm will likely need additional funds in the future.

YM BioSciences Inc. (NYSE: YMI) 62% HIGHER; announced that its wholly-owned subsidiary, YM BioSciences USA Inc. (YM-USA) has received a license from the US Department of the Treasury's Office of Foreign Assets Control (OFAC) to further develop its lead product, nimotuzumab, for patients with solid tumor cancers in the United States.

Tufco Technologies (Nasdaq: TFCO) 39% HIGHER; catching a bid on no apparent news.

Echelon (Nasdaq: ELON) 28% HIGHER; entered into a long-term agreement with Duke Energy (NYSE: DUK), to supply its Networked Energy Services (NES) system as a key part of Duke Energy's smart grid program. Currently, Duke Energy provides electricity service to approximately 4 million customers in five states - North Carolina, South Carolina, Indiana, Ohio and Kentucky.

Altisource Portfolio Solutions (Nasdaq: ASPS) 25% LOWER; spun off off from Ocwen Financial.

YRC Worldwide (Nasdaq: YRCW) 24% HIGHER; continuing to rally after ratifying contract with union.

Hutchinson Technology (Nasdaq: HTCH) 23% HIGHER; continuing its strength from last week.

Triad Guaranty (Nasdaq: TGIC) 20% LOWER; selling off after strength from last week.

Chindex (Nasdaq: CHDX) 15% HIGHER; announced that it has entered into two new exclusive, multi-year distribution agreements for China with Biotest AG and Cutera Inc.

Houston Wire & Cable (Nasdaq: HWCC) 7% LOWER; reports Q2 EPS of $0.10, 7 cents below the analyst estimate of $0.17. Revenue for the quarter was $61.9 million, versus the consensus of $72.83 million.

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

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