StreetInsider.com Unusual 11 Mid-Day Movers 10/10

October 10, 2006 11:51 AM EDT

StreetInsider.com Unusual 11 Mid-Day Movers:

Valentis Inc. (Nasdaq: VLTS) 25% HIGHER; No specific news released today. The company announced on Oct 5th it was going to merge with Urigen.

Action Products International (Nasdaq: APII) 20% HIGHER; NewMarket Technology, Inc., (OTC BB: NMKT) and Action Products announced executing a non-binding letter of intent (LOI) regarding the possible acquisition of all NewMarket outstanding common stock by Action Products in exchange for APII common stock.

InFocus Corp. (Nasdaq: INFS) 18.4% LOWER; Announced its revenues for the third quarter of 2006 are expected to be between $78 and $82 million, compared to $97.6 million for the second quarter of 2006. The revenue decline occurred in both the Americas and Europe. The consenus is $120 million.

Delcath Systems, Inc. (Nasdaq: DCTH) 16.7% HIGHER; Its Board of Directors and Laddcap Value Partners, a hedge fund holding approximately 11 percent of Delcath's total outstanding common stock, have reached an amicable resolution to all issues outstanding between them, bringing the two-month-long Consent battle to an end.

Generex Biotechnology (NASDAQ: GNBT) 15.8% HIGHER; Announced that it has filled several purchase orders from additional retail pharmacies for Glucose RapidSpray, its new over-the-counter glucose oral spray product.

GeoPharma, Inc. (Nasdaq: GORX) 14% LOWER; Schering-Plough (NYSE: SGP), has filed a lawsuit against the Company and its wholly owned subsidiary, Belcher Pharmaceuticals, Inc. in the United States District Court, District of New Jersey (No. 3:06-cv-04715-MLC-TJB), alleging patent infringement related to Belcher's filing for a generic version of Clarinex Desloratadine 5 mg tablets.

Schiff Nutrition International, Inc. (NYSE: WNI) 7.7% LOWER; Announced results for the fiscal 2007 first quarter ended August 31, 2006. For its fiscal 2007 first quarter, Schiff Nutrition reported $0.12 per diluted share, as compared to $0.18 per diluted share, for the fiscal 2006 first quarter. Schiff Nutrition's net sales were $45.7 million for the first quarter, compared to $48.0 million for the same period in fiscal 2006.

Landry's Restaurants, Inc. (NYSE: LNY) 6.7% LOWER; Announced it entered into a definitive agreement to sell 120 of its Joe's Crab Shack restaurants to JCS Holdings, LLC, a new entity created to acquire these restaurants by J. H. Whitney Capital Partners, LLC, a private equity group. The sales price is approximately $192 million, including the assumption of certain working capital liabilities.

Toll Brothers Inc. (NYSE: TOL) 5.7% HIGHER; JP Morgan upgrade

American Electric Power (NYSE: AEP) 5.3% HIGHER; Company guides in-line for Q3, reaffirms FY06 and guides through 2009.

SUPERVALU Inc. (NYSE: SVU) 5.1% HIGHER; Reported Q2 EPS of $0.61, 8 cents better than estimates. Revenues were $10.7 billion vs. $10.64 billion. SVU sees diluted FY07 EPS between $2.18-$2.41 vs. current consensus of $2.21. Previous diluted earnings per share guidance after adjustments was $2.11 to $2.36.

Related Categories

General News
Special Reports

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?