Unusual 11 Mid-Day Movers 12/24: LCAPA, PLD, RMBS, VLY Higher; KV, YRCW, EPIX, VIP Lower

December 24, 2008 12:51 PM EST

Liberty Media (Nasdaq: LCAPA) 44.9% HIGHER; seeing upside today following news yesterday after the close that a Director, Paul Gould purchased 127,000 shares at prices ranging from $3.30-$3.42.

K-V Pharmaceutical (NYSE: KV.A) 27% LOWER; continues falling today following news yesterday that it will suspend distribution of all tablet products due to manufacturing and quality assurance concerns. This morning, Gabelli & Co. downgraded the stock from Buy to Hold.

ProLogis (NYSE: PLD) 26.7% HIGHER; announces proceeds of $1.26 billion from selling of operations in China. The stock was also upgraded by Wachovia to Outperform and by Deutsche Bank to Buy this morning.

YRC Worldwide (Nasdaq: YRCW) 23.2% LOWER; announced that it is in talks to amend terms of its credit facilities and also issued an updated Q4 outlook. Also, Moody's downgraded the company's credit rating.

EPIX Pharmaceuticals (Nasdaq: EPIX) 15.1% LOWER; shares seem to be correcting today after a 275% gain on Monday following news that the FDA approved marketing of its Vasovist product.

Rambus (Nasdaq: RMBS) 13.4% HIGHER; shares are bouncing today following a 6% decline yesterday. The stock is trading higher today on unusually heavy volume.

Valley National Bancrop (NYSE: VLY) 11.3% HIGHER; will replace FLIR Systems (Nasdaq: FLIR) in the S&P MidCap 400 after the close on Wednesday, December 31.

Vimpel-Communications (NYSE: VIP) 9.8% LOWER; gapped substantially lower this morning, but we are not hearing any news that would justify the move.

Omega Healthcare (NYSE: OHI) 9.7% HIGHER; will replace SCANA (NYSE: SCG) in the S&P MidCap 400.

CIT Group (NYSE: CIT) 9.4% LOWER; after trading as much as 11% higher on news that it has received approval to become a bank holding company, the stock is losing momentum today as investors are turning less optimistic on the announcement.

General Motors (NYSE: GM) 7.7% HIGHER; correcting today after falling about 15% yesterday. Volume is very light today, even when considering that it is an abbreviated holiday trading session.

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


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Stocks Mentioned

CIT 0.25

+0.00 +0.00%
Volume: 304,829,894
Track CIT

EPIX 0.01

+0.00 +0.00%
Volume: 1,732,833
Track EPIX

FLIR 29.28

-0.52 -1.74%
Volume: 1,372,291
Track FLIR

GM 1.43

+0.00 +0.00%
Volume: 341,588,570
Track GM

KV.A 21.44

+0.04 +0.19%
Volume: 24,100
Track KV.A

LCAPA 22.60

-0.51 -2.21%
Volume: 257,260
Track LCAPA

OHI 17.76

-0.09 -0.50%
Volume: 792,239
Track OHI

PLD 13.20

-0.15 -1.12%
Volume: 5,691,689
Track PLD

RMBS 18.45

+1.73 +10.35%
Volume: 4,254,327
Track RMBS

SCG 35.16

+0.06 +0.17%
Volume: 516,985
Track SCG

VIP 19.90

-1.25 -5.91%
Volume: 4,132,158
Track VIP

VLY 13.42

-0.18 -1.32%
Volume: 541,990
Track VLY

YRCW 1.18

-0.03 -2.48%
Volume: 4,454,074
Track YRCW


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