Morning Movers 03/26: (VRNM) (ARNA) (SIGA) Higher; (AUDC) (AONE) Lower

March 26, 2012 11:25 AM EDT Send to a Friend
Verenium Corporation (Nasdaq: VRNM) 24% HIGHER; today announced it has closed a transaction with DSM Food Specialties B.V., a business group of Royal DSM, in which Verenium has sold to DSM its Oilseed Processing business, licensed certain enzymes for use in the food and beverage markets, and will provide access to new gene libraries to be developed by Verenium. Verenium will receive $37 million in total consideration, including transaction and related expenses, on Monday, March 26, 2012.

Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) 22% HIGHER; Traders have their eyes on obesity drug makers VIVUS, Inc. (Nasdaq: VVUS), Orexigen Therapeutics, Inc. (Nasdaq: OREX) and Arena ahead of this week's AdCom on CV risks related to the drugs.

AudioCodes (Nasdaq: AUDC) 16.5% LOWER; lowers its Q1 sales guidance to $32-$35 million, which compares to the Street estimate of $38 million. Now sees FY12 sales of $140-$150 million, vs. the consensus of $167 million. FY12 net income will be lower than expected.

SIGA Tech (Nasdaq: SIGA) 15.6% HIGHER; seems to be breaking above the 200-day SMA after holding closely to this technical indicator for the last week or two. Volume is very heavy today and increased further as the stock pushed over the $3 level.

Hackett Group (Nasdaq: HCKT) 11.9% HIGHER; bounced off the 200-day just after this morning's opening bell.

A123 Systems (Nasdaq: AONE) 11.2% LOWER; announced that the company has launched a field campaign to replace battery modules and packs that may contain defective prismatic cells produced at A123's Livonia, Mich. manufacturing facility.


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