Unusual 11 Mid-Day Movers 9/23: GBE, KERX, OPXA, AMFI Higher; FMAR, ATPG, FTBK, NCOC Lower

September 23, 2009 12:21 PM EDT

Grubb & Ellis (NYSE: GBE) 40% HIGHER; continuing higher today on what appears to be a technical breakout. Since crossing over the $1 level, shares of GBE have jumped nearly 70% on very heavy volume.

Keryx Biopharmaceuticals (Nasdaq: KERX) 23.3% HIGHER; announced results of the Open Label Extension trial of Zerenex (ferric citrate) for the treatment of elevated serum phosphorous levels, or hyperphosphatemia, in patients with end-stage renal disease on dialysis. The OLE trial, conducted in Taiwan, enrolled 29 of the 37 Taiwanese patients that had completed the randomized, multi-center, multi-national (United States and Taiwan) dose-ranging Phase 2 study.

Opexa Therapeutics (NASDAQ: OPXA) 21.4% HIGHER; announced that it has achieved its first technology transfer milestone in connection with the company's recently announced exclusive stem cell agreement with Novartis, one of the world's largest healthcare companies. The milestone was completed on schedule and triggers a payment of $500,000 to Opexa. Click here for the full report.

AMCORE Financial (Nasdaq: AMFI) 21% HIGHER; appears to be breaking above its 200-day smooth moving average again today. The stock rose more than 27% yesterday.

YRC Worldwide Inc. (Nasdaq: YRCW) 19.1% HIGHER; is zooming higher again today as bankruptcy fears continue to subside. The stock has surged about 120% since the beginning of September. The stock bounced off its 200-day SMA throughout much of yesterday, breaking above within the last hour of trading.

Web.com Group (Nasdaq: WWWW) 16.7% HIGHER; FBR Capital upgrades the stock from Market Perform to Outperform. Price target increased from $7 to $9. Click here for more color.

First Mariner Bancorp (Nasdaq: FMAR) 14% LOWER; continuing lower today following news yesterday that the FDIC and The Maryland Division of Financial Regulation had FMAR enter an Order to Cease and Desist. The stock fell about 18% yesterday.

ATP Oil & Gas Corporation (NASDAQ: ATPG) 11.4% LOWER; today announced that it has commenced an underwritten public offering of 5.3 million shares of its common stock. The underwriters for the offering will also have the option to purchase up to 0.795 million additional shares of common stock to cover any over-allotments. ATP intends to use the net proceeds from the offering to fund capital expenditures, primarily at its Telemark location in the deepwater Gulf of Mexico, to reduce indebtedness and for general corporate purposes.

Frontier Financial Corporation (NASDAQ: FTBK) 10.8% LOWER; received notice from the Nasdaq Stock Market stating that the minimum bid price of the Company's common stock was below $1.00 per share for 30 consecutive business days and that the Company was therefore not in compliance with Marketplace Rule 5450(a)(1). The notification letter has no effect at this time on the listing of the Company's common stock on the NASDAQ Global Market. Frontier's common stock will continue to trade on the NASDAQ Global Market under the symbol FTBK.

National Coal (Nasdaq: NCOC) 10.7% LOWER; plummeting today with the broad coal sector.

US Airways Group, Inc. (NYSE: LCC) 9.8% LOWER; announced the sale of 26,315,790 shares of its common stock to Citi, as underwriter in the public offering of those shares. The Company granted Citi an option to purchase up to an additional 3,947,369 shares of common stock solely to cover over-allotments, if any. Completion of the sale is subject to customary closing conditions, and the sale is expected to close on September 28, 2009.

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

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