Unusual 11 Mid-Day Movers 6/24: MTMC, AM, SRI, AHD Higher; GRH, SVU, WXS, OMN Lower

June 24, 2009 12:49 PM EDT

MTM Technologies, Inc. (Nasdaq: MTMC) 164.8% HIGHER; Mobile Armor, Inc., which contracts with MTM Technologies, today announced that the company's data security software has been selected by the U.S. Department of Navy to protect its data at rest. Under this enterprise-wide contract, Mobile Armor will provide its centralized policy management and data protection solutions. The agreement also includes maintenance, training and other support programs. More from the release.

American Greetings Corporation (NYSE: AM) 48.6% HIGHER; reports Q1 EPS of $0.27, 7 cents better than the analyst estimate of $0.20. Revenue for the quarter was $412.9 million, versus the consensus of $396.59 million.

Stoneridge, Inc. (NYSE: SRI) 34.9% HIGHER; KeyBanc upgrades the stock from Hold to Buy. Price target $8. Click here for more color on the upgrade.

Atlas Pipeline Holdings (NYSE: AHD) 23.1% HIGHER; Barclays upgraded a related company, Atlas Pipeline Partners (NYSE: APL) from Underweight to Equalweight.

Virgin Mobile USA (NYSE: VM) 23% HIGHER; surging today on heavier-than-normal trading volume.

GreenHunter Energy (AMEX: GRH) 14% LOWER; correcting today following 2 straight days of gains. The stock rose more than 43% on Monday and Tuesday of this week.

MGM MIRAGE (NYSE: MGM) 12.8% HIGHER; disclosed that its auditor has concluded that there is no longer substantial doubt about its ability to continue as a going concern. Click here for the full report.

SUPERVALU INC. (NYSE: SVU) 12.2% LOWER; announced that identical store sales and net earnings for its first quarter ending June 20, 2009 were impacted by a tougher than expected business environment, investments in price and higher levels of promotional spending. As a result, the company will be substantially below First Call consensus earnings for the quarter. The Wall Street consensus is $0.65.

Wright Express Corporation (NYSE: WXS) 11.2% LOWER; Janney Montgomery Scott downgrades the stock from Buy to Hold. Price target lowered from $32 to $22. Click here to see the full report.

OMNOVA Solutions Inc. (NYSE: OMN) 9.6% LOWER; reports Q2 EPS of $0.12, 4 cents better than the analyst estimate of $0.08, but down about 37% from the same quarter last year. Revenue for the quarter was $161.3 million, versus the consensus of $185 million.

Tesoro (NYSE: TSO) 4.9% LOWER; downgraded at Oppenheimer from Outperform to Perform.

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

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