Morning Movers 06/14: (NBG) (JASO) (GMO) (IGT) Higher; (LSCC) (NOK) (AEGR) Lower
Tweet Send to a Friend
Up)
National Bank of Greece (NYSE: NBG) 29.3% HIGHER; traders are using the stock as a play on Greece ahead of the company's elections. Early indications suggest a new democracy could win the top spot.
JA Solar Holdings Co., Ltd. (Nasdaq: JASO) 21% HIGHER; has approved a share repurchase program, effective immediately, that authorizes JA Solar to repurchase up to a US$100 million worth of its issued and outstanding American Depositary Shares prior to September 30, 2012.
General Moly, Inc. (NYSE: GMO) 18% HIGHER; today announced that a Nevada State District Court issued its Order affirming the Nevada State Engineer's Ruling of July 2011 approving the Mt. Hope Project's water rights and the NSE's December 2011 and January 2012 issuance of water permits for the Mt. Hope Project.
Lattice Semiconductor Corporation (NASDAQ: LSCC) 15.1% LOWER; Q2 revenue is now expected to be approximately flat to down 3% on a sequential basis, versus prior guidance of approximately flat to up 4%. Gross margin percentage is expected to be approximately 51% plus or minus 1%. This compares with prior guidance for gross margin to be to approximately 55% plus or minus 1%.
Nokia (NYSE: NOK) 15.1% LOWER; to steamline operations, will cut 10,000 jobs, names New Marketing Chief and sees continued devices and services pressure. Click here to see the full report.
Aegerion Pharma (Nasdaq: AEGR) 10.7% LOWER; prices its public offering of 3.4 million shares at $14.75 per share. Net proceeds will be $47.3 million.
Entertainment Gaming Asia (AMEX: EGT) 10.2% LOWER; continuing lower following a 9 percent decline yesterday and a 5 percent decline on Monday.
International Game Technology (NYSE: IGT) 9.8% HIGHER; today announced that its Board of Directors has authorized a new share repurchase program of up to $1 billion of the Company's outstanding common stock. Additionally, the Company has entered into an accelerated stock buyback agreement with Goldman, Sachs & Co., under which it will repurchase approximately $400 million of its common stock.
Credit Suisse (NYSE: CS) 9.7% LOWER; shares are under heavy pressure after the The Swiss National Bank (SNB) urged the bank to raise capital to shield itself from the crisis in the euruzone. The SNB wrote in its annual financial stability report that given the low starting point and risks in the environment, it is essential that the bank expand its loss-absorbing capital this year.
Jive Software, Inc. (Nasdaq: JIVE) 9.1% HIGHER; has a strong bid in it today on speculation Microsoft (Nasdaq: MSFT) could pay up to $1 billion for fellow social business software company Yammer.
Hyperdynamics (NYSE: HDY) 9% HIGHER; continuing higher following a 10-plus percent jump yesterday. The stock is bumping up against some resistance at $1.
Quest Software, Inc. (NASDAQ: QSFT) 8% HIGHER; announced the receipt of a proposal from a strategic bidder to acquire all of the outstanding shares of Quest common stock for $25.50 per share in cash.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
JA Solar Holdings Co., Ltd. (Nasdaq: JASO) 21% HIGHER; has approved a share repurchase program, effective immediately, that authorizes JA Solar to repurchase up to a US$100 million worth of its issued and outstanding American Depositary Shares prior to September 30, 2012.
General Moly, Inc. (NYSE: GMO) 18% HIGHER; today announced that a Nevada State District Court issued its Order affirming the Nevada State Engineer's Ruling of July 2011 approving the Mt. Hope Project's water rights and the NSE's December 2011 and January 2012 issuance of water permits for the Mt. Hope Project.
Lattice Semiconductor Corporation (NASDAQ: LSCC) 15.1% LOWER; Q2 revenue is now expected to be approximately flat to down 3% on a sequential basis, versus prior guidance of approximately flat to up 4%. Gross margin percentage is expected to be approximately 51% plus or minus 1%. This compares with prior guidance for gross margin to be to approximately 55% plus or minus 1%.
Nokia (NYSE: NOK) 15.1% LOWER; to steamline operations, will cut 10,000 jobs, names New Marketing Chief and sees continued devices and services pressure. Click here to see the full report.
Aegerion Pharma (Nasdaq: AEGR) 10.7% LOWER; prices its public offering of 3.4 million shares at $14.75 per share. Net proceeds will be $47.3 million.
Entertainment Gaming Asia (AMEX: EGT) 10.2% LOWER; continuing lower following a 9 percent decline yesterday and a 5 percent decline on Monday.
International Game Technology (NYSE: IGT) 9.8% HIGHER; today announced that its Board of Directors has authorized a new share repurchase program of up to $1 billion of the Company's outstanding common stock. Additionally, the Company has entered into an accelerated stock buyback agreement with Goldman, Sachs & Co., under which it will repurchase approximately $400 million of its common stock.
Credit Suisse (NYSE: CS) 9.7% LOWER; shares are under heavy pressure after the The Swiss National Bank (SNB) urged the bank to raise capital to shield itself from the crisis in the euruzone. The SNB wrote in its annual financial stability report that given the low starting point and risks in the environment, it is essential that the bank expand its loss-absorbing capital this year.
Jive Software, Inc. (Nasdaq: JIVE) 9.1% HIGHER; has a strong bid in it today on speculation Microsoft (Nasdaq: MSFT) could pay up to $1 billion for fellow social business software company Yammer.
Hyperdynamics (NYSE: HDY) 9% HIGHER; continuing higher following a 10-plus percent jump yesterday. The stock is bumping up against some resistance at $1.
Quest Software, Inc. (NASDAQ: QSFT) 8% HIGHER; announced the receipt of a proposal from a strategic bidder to acquire all of the outstanding shares of Quest common stock for $25.50 per share in cash.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- UPDATE: GameStop (GME) Slides Into Close
- Notable 52-Week Highs and Lows of the Day 05/15: (JASO) (RSOL) (TSO) High; (AU) (AUY) Low
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Credit Suisse, Morning Movers, Stock Buyback
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
