Unusual 11 Mid-Day Movers 5/13: SUFB, FOE, COIN, ATV Higher; MDCO, BKUNA, SOLR, CAMP Lower

May 13, 2009 12:30 PM EDT

First Bankshares, Inc. (Nasdaq: SUFB) 122% HIGHER; and Xenith Corporation announced their intention to merge. Upon closing of the merger, the combined organizations will operate as a one-bank holding company under the name Xenith Bankshares, Inc. Click here for the full report.

The Medicines Company (NASDAQ: MDCO) 37.2% LOWER; today announced that it is discontinuing its Phase 3 CHAMPION clinical trial program of cangrelor in patients undergoing percutaneous coronary intervention. Click here for the full report.

BankUnited (Nasdaq: BKUNA) 31.3% LOWER; correcting today following a 122% run-up yesterday on reports that John Kanas, North Fork Bancorp’s former CEO, is leading a bid by Carlyle Group, Blackstone Group LP and WL Ross & Co., to acquire BankUnited Financial Corp.

GT Solar International, Inc. (NASDAQ: SOLR) 23.9% LOWER; reports Q4 EPS of $0.08, 10 cents lower than the analyst estimate of $0.18. Revenue for the quarter was $138.5 million, versus the consensus of $151.29 million. Sees FY10 sales of $450-$550 million, versus the consensus of $554.12 million. EPS for the year are expected to be in the range of $0.45-$0.60, versus the Street estimate of $0.71.

CalAmp Corp. (Nasdaq: CAMP) 23.9 LOWER; reports Q4 adj-EPS of $0.15, compared to a loss of $0.38 in Q408. Revenue for the quarter was $21.3 million, versus the consensus of $27.9 million and up 10% from the same quarter last year.

SORL Auto Parts, Inc. (Nasdaq: SORL) 23.4% LOWER; reports Q1 EPS of $0.05, versus $0.19 in Q108. Revenue for the quarter was $20.2 million, compared to $30.7 million in the same quarter last year.

Ferro Corporation (NYSE: FOE) 17.2% HIGHER; upgraded at KeyBanc from Hold to Buy, with a price target of $8. Click here to see full color on the upgrade.

Converted Organics (Nasdaq: COIN) 14.7% HIGHER; has surged nearly 50% in the last 2 trading sessions despite no news. The stock has already tripled its average daily volume today.

Acorn International, Inc. (NYSE: ATV) 10.3% HIGHER; reports Q1 EPS of $0.10, ex-items, 10 cents better than the analyst estimate of $0.00. Revenue for the quarter was $90.7 million, versus the consensus of $59.90 million. Sees FY09 sales of $310-$350 million, versus the consensus of $245 million.

Sport Supply Group (NYSE: RBI) 10.1% HIGHER; reports Q3 EPS of $0.27, 1 cent better than the analyst estimate of $0.26. Revenue for the quarter was $63.8 million, versus the consensus of $65.18 million.

Pharmasset (Nasdaq: VRUS) 8.4% HIGHER; since reporting its Q2 earnings on Monday after the close, shares of Pharmasset have risen by more than 9%.

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

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• KeyBanc
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• The Carlyle Group
• Unusual 11 Mid-Day Movers

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