Unusual 11 Mid-Day Movers 2/3: HDIX, BGP, APKT, SOMX, TDSC Higher; XIDE, STBK, TDSC, CNLG Lower

February 3, 2010 1:54 PM EST

Home Diagnostics, Inc. (NASDAQ: HDIX) 89.1% HIGHER; signed a definitive merger agreement with Nipro Corporation under which Nipro will acquire the company for $11.50 per share in cash, or approximately $215 million. The offer price represents an approximately 90% premium to the closing price of Home Diagnostics’ common stock on February 2, 2010.

Borders Group, Inc. (NYSE: BGP) 33.7% HIGHER; skyrocketing after hedge fund manger Ackman said on CNBC's Fast Money that the company has a better risk reward versus Barnes & Noble, Inc. (NYSE: BKS), which has attracted activist investors Ron Burkle.

Acme Packet, Inc. (NASDAQ: APKT) 29.2% HIGHER; reports Q4 EPS of $0.14, 4 cents better than the analyst estimate of $0.10. Revenue for the quarter was $41.3 million, which compares to the estimate of $39.40 million. APKT raises FY10 revenue outlook from $166-168 million to $182-186 million vs. consensus of $168.56M. APKT raises FY10 non-GAAP EPS from $0.41-0.42 to $0.44-0.47 vs. consensus of $0.42.

Exide Technologies (NASDAQ: XIDE) 26.5% LOWER; reports Q3 adjusted EPS of $0.23, 7 cents better than the analyst estimate of $0.16. Revenue for the quarter was $746.5 million, which compares to the estimate of $683.97 million.

Somaxon Pharma (Nasdaq: SOMX) 21.3% HIGHER; the stock appears to be breaking over the $2.50 level today. Volume is already nearly double the average daily volume yet we are not hearing any company-specific news.

Sterling Banks (Nasdaq: STBK) 17.5% LOWER; since announcing on January 21 that it will be restating its financial statements for a number of prior reporting periods, the stock has been extremely volatile. Shares initially surged about 90% over the next 7 trading sessions, but so far this week, the stock has traded lower everyday, declining by about 34%.

3D Systems (Nasdaq: TDSC) 16.2% HIGHER; sees Q4 EPS of $0.14-$0.16, versus the consensus of $0.07, on sales that will be over $35.5 million, which compares to the Street estimate of $26.75 million.

Conolog (Nasdaq: CNLG) 16.1% LOWER; continuing to correct today. The stock surged more than 110% on Friday of last week and Monday of this week on news of a $1.9 million order for PDR Systems. The stock sold-off 7% yesterday.

Zagg (Nasdaq: ZAGG) 14.3% HIGHER; the stock is continuing higher today following news yesterday that the company will offer invisibleSHIELD pre-orders for the Apple iPad. The stock rose 19% yesterday.

Investment Technology Group Inc. (NYSE: ITG) 11.9% LOWER; reports Q4 adjusted EPS of $0.19, versus the analyst estimate of $0.34. Revenue for the quarter was $151 million, which compares to the estimate of $149.84 million.

Vocus Inc. (NASDAQ: VOCS) 10.6% LOWER; reports Q4 EPS of $0.15, versus the analyst estimate of $0.16. Revenue for the quarter was $22 million, which compares to the estimate of $21.85 million. Sees Q110 EPS of $0.14 - $0.15, versus $0.16 consensus. Also sees Q110 revs of $21.8 - $22 million, compared to $22.03 million consensus.

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

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