Morning Movers 01/24: (LEE) (PLCM) (ACHN) (CBRX) Higher; (IDCC) (NBG) (KUTV) (RBCN) Lower
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Lee Enterprises (NYSE: LEE) 20.9% HIGHER; following a more than 23 percent rise yesterday, shares are continuing over the $1 level today following news late last night the company has been given an okay to emerge from bankruptcy on January 30th.
InterDigital, Inc. (Nasdaq: IDCC) 19.4% LOWER; falls on news it will call off patent sale. Reports preliminary Q4 EPS of 46 cents, on sales of $74.2 million. Street currently at 37 cents per share and $73.1 million. The stock was downgraded by Dougherty earlier.
Polycom, Inc. (NASDAQ: PLCM) 16.7% HIGHER; reported Q4 EPS of $0.41, $0.12 better than the analyst estimate of $0.29. Revenue for the quarter came in at $407 million versus the consensus estimate of $401.26 million.
Achillion Pharma (Nasdaq: ACHN) 14.8% HIGHER; shares of Achillion and Idenix (Nasdaq: IDIX) are moving higher today as the Inhibitex (Nasdaq: INHX) purchase by Bristol-Myers (NYSE: BMY) is nearing completion.
Columbia Labs (Nasdaq: CBRX) 13.3% HIGHER; traders buying yesterday's 55 percent dip. The stock plunged as an FDA panel voted not to support the company's preterm birth gel.
Camelot Info Systems (NYSE: CIS) 11.9% HIGHER; shares are up about 20 percent since gapping above the 200-day moving average on Friday of last week.
Bon-Ton (Nasdaq: BONT) 11.8% HIGHER; names Brendan Hoffman President and CEO.
National Bank of Greece (NYSE: NBG) 10% LOWER; traders taking profits following a nearly 50 percent surge since January 12th as investors speculated on the prospects for a favorable Greek bailout package.
Ku6 Media (Nasdaq: KUTV) 9.6% LOWER; continuing a volatile run following news of a deal with YouTube on January 17th. The stock surged 140 percent that day. Shares decline 21 and 20 percent the next two days.
Rubicon Technology (NASDAQ: RBCN) 9.5% LOWER; Kaufman Bros. downgraded the stock from Buy to Hold, price target lowered from $16 to $13. Click here to see the full report.
DHT Holdings (NYSE: DHT) 8.4% HIGHER; reported Q4 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $25.3 million versus the consensus estimate of $26.31 million.
Diamond Foods (Nasdaq: DMND) 7.7% HIGHER; this recent momo play spiked sharply over the 200-day SMA on heavy volume after gapping below this technical level.
InterDigital, Inc. (Nasdaq: IDCC) 19.4% LOWER; falls on news it will call off patent sale. Reports preliminary Q4 EPS of 46 cents, on sales of $74.2 million. Street currently at 37 cents per share and $73.1 million. The stock was downgraded by Dougherty earlier.
Polycom, Inc. (NASDAQ: PLCM) 16.7% HIGHER; reported Q4 EPS of $0.41, $0.12 better than the analyst estimate of $0.29. Revenue for the quarter came in at $407 million versus the consensus estimate of $401.26 million.
Achillion Pharma (Nasdaq: ACHN) 14.8% HIGHER; shares of Achillion and Idenix (Nasdaq: IDIX) are moving higher today as the Inhibitex (Nasdaq: INHX) purchase by Bristol-Myers (NYSE: BMY) is nearing completion.
Columbia Labs (Nasdaq: CBRX) 13.3% HIGHER; traders buying yesterday's 55 percent dip. The stock plunged as an FDA panel voted not to support the company's preterm birth gel.
Camelot Info Systems (NYSE: CIS) 11.9% HIGHER; shares are up about 20 percent since gapping above the 200-day moving average on Friday of last week.
Bon-Ton (Nasdaq: BONT) 11.8% HIGHER; names Brendan Hoffman President and CEO.
National Bank of Greece (NYSE: NBG) 10% LOWER; traders taking profits following a nearly 50 percent surge since January 12th as investors speculated on the prospects for a favorable Greek bailout package.
Ku6 Media (Nasdaq: KUTV) 9.6% LOWER; continuing a volatile run following news of a deal with YouTube on January 17th. The stock surged 140 percent that day. Shares decline 21 and 20 percent the next two days.
Rubicon Technology (NASDAQ: RBCN) 9.5% LOWER; Kaufman Bros. downgraded the stock from Buy to Hold, price target lowered from $16 to $13. Click here to see the full report.
DHT Holdings (NYSE: DHT) 8.4% HIGHER; reported Q4 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $25.3 million versus the consensus estimate of $26.31 million.
Diamond Foods (Nasdaq: DMND) 7.7% HIGHER; this recent momo play spiked sharply over the 200-day SMA on heavy volume after gapping below this technical level.
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