Largest Net $ Movers of Note 08/21
UPWARD MOVERS:
Gold Kist (Nasdaq: GKIS) +$6.00; Pilgrim's Pride Corporation's (NYSE: PPC) offered to acquire all outstanding common shares of Gold Kist for $20 a share. Gold Kist's Board plans to carefully examine this proposal and has designated a committee to consider our strategic plans and potential alternatives to maximize stockholder value.
Marathon Oil Corp. (NYSE: MRO) +$2.09; Stock seeing interest as oil sector moves higher (+0.84%)
Trimble Navigation Ltd. (Nasdaq: TRMB) +$2.80; Stock seeing interest, no significant news reported today
Glenborough Realty Trust (NYSE: GLB) +$1.91: Glenborough and Morgan Stanley Real Estate announced a definitive agreement whereby funds managed by Morgan Stanley Real Estate will acquire all of the outstanding common stock of Glenborough in an all-cash transaction valued at approximately $1.9 billion. Under the terms of the agreement, Morgan Stanley Real Estate will acquire all of Glenborough's outstanding common stock for $26.00 per share in cash through a merger transaction.
Harvest Natural Resources (NYSE: HNR) +1.84; Company announced that its 80% owned affiliate, Harvest Vinccler, C.A. (HVCA), signed a Memorandum of Understanding (MOU) with Corporacion Venezolana del Petroleo S.A. (CVP) for the addition of three fields to Empresa Mixta Petrodelta, S.A. The three fields are Isleno, Temblador and El Salto. Morgan Keegan upgraded HNR to Outperform.
DOWNWARD MOVERS:
Google Inc. (Nasdaq: GOOG) -$5.56; comScore reports Google's market share fell 1% to 43.7% in July
Kensey Nash (Nasdaq: KNSY) -$3.54; Reports Q4 EPS of $0.26, 1 cent better than estimates. Revenues came in at $18.4 million versus the consensus of $17.6 million. Sees Q1 EPS of $10-$10.5 million, versus the consensus of $17.9 million. Sees Q1 EPS of $0.10-$0.11, versus the consensus of $0.30.
Ashland Inc. (NYSE: ASH) -$2.75; Signed a definitive agreement to sell the stock of its wholly owned subsidiary, Ashland Paving And Construction, Inc., to Oldcastle Materials, Inc., for $1.30 billion, the final price to be adjusted for changes in working capital and certain other accounts from Sept. 30, 2005, until closing.
Goldman Sachs Group (NYSE: GS) -$2.32; Stock lower after Citigroup cuts its earnings forecast for GS.
Columbia Sportswear (Nasdaq: COLM) -$2.22; Caris & Co. downgrades COLM from Above-Average to Below-Average
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