Unusual 11 Mid-Day Movers 10/07: RPRX, TWMC, DDSS, TLR Higher; MERX, AAI, SASR, SGMO Lower

October 7, 2009 1:37 PM EDT

Repros Therapeutics Inc. (Nasdaq: RPRX) 127% HIGHER; announced today that a study of its oral investogational product, enclomiphene citrate (Androxal), raised sperm levels in men with secondary hypogonadism who were receiving testosterone replacement treatment.

Trans World Entertainment Corp. (Nasdaq: TWMC) 44.3% HIGHER; jumping today following the disclosure of some insider buying last night. The company's Chairman, Robert Higgins, purchased 187,179 shares on 10/2-10/6 at prices ranging from $0.95-$0.95, bringing his stake to 13,394,942 shares. Higgins owns more than 40% of the company.

Labopharm (Nasdaq: DDSS) 34.6% HIGHER; announced that it has been informed by Angelini, the manufacturer of the active pharmaceutical ingredient for the Company's novel trazodone formulation, that it has received a letter from the U.S. FDA stating that Angelini has appropriately addressed all deficiencies cited by the FDA following its inspection of the manufacturing facility in June and July of this year. The letter further states that Angelini's manufacturing facility has been classified as acceptable.

Merix Corp. (Nasdaq: MERX) 29.8% LOWER; Viasystems Group, Inc. and Merix entered into a definitive agreement to merge their businesses. Under the terms, each Merix share will be converted into approximately 0.11 newly issued shares of Viasystems, subject to adjustment, which will be publicly traded on the NASDAQ upon completion of the transaction. Also reported a Q1 loss of $0.38, versus the analyst estimate of ($0.23). Revenue for the quarter was $57.8 million, which compares to the estimate of $60.05 million.

Timberline Resources (AMEX: TLR) 26.5% HIGHER; shares are rallying sharply on extreme volume but no company-specific news. The stock jumped more than 22% yesterday amid the rally to all-time highs in gold.

UCBH Holdings (Nasdaq: UCBH) 23.3% HIGHER; shares have spiked more than 110% this week on rumors that China Minsheng is looking to increase its stake in UCBH.

Vonage (NYSE: VG) 19.5% HIGHER; rallying on news that AT&T will enable VoIP applications on the iPhone. Also, Citi raised its price target on the stock from $0.50 to $1.50.

AirTran Holdings, Inc. (NYSE: AAI) 16.9% LOWER; intends to offer, subject to market and other conditions, $75,000,000 aggregate principal amount of Convertible Senior Notes due 2016 in an underwritten registered public offering. AirTran intends to grant the underwriters of the notes offering a 30-day option to purchase an additional $11,250,000 aggregate principal amount of the notes, solely to cover over-allotments, if any.

Sandy Spring Bancorp, Inc., (Nasdaq: SASR) 14.8% LOWER; expects to record a third quarter provision for loan losses of approximately $34.5 million, increasing the allowance for loan and lease losses to approximately 2.70% of outstanding loans and leases at September 30, 2009 from 2.44% at June 30, 2009. The Company plans to announce third quarter results on October 22, 2009.

Sangamo BioSciences, Inc. (Nasdaq: SGMO) 11.3% LOWER; priced its offering of 3,000,000 shares. The company did not list the price the stock will be sold at.

AspenBio Pharma, Inc. (Nasdaq: APPY) 11.1% LOWER; today announced that it has priced a public offering of 4,482,609 shares of its common stock at $1.70 per share. The approximately $7.2 million of net proceeds will be used for product development, FDA 510(k) submission related activities, general corporate purposes, and working capital.

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