Morning Movers 06/20: (GEVO) (VVTV) (MITK) Higher; (FSII) (LZB) (GAGA) Lower
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Gevo, Inc. (NASDAQ: GEVO) 29.1% HIGHER; announces the signing of a collaborative agreement with the intent to site a cellulosic biomass isobutanol facility in Southeast Asia. Gevo’s President and Chief Operating Officer, Chris Ryan, signed the collaborative agreement with representatives from the Malaysian government’s East Coast Economic Region Development Council (ECERDC), Malaysian Biotechnology Corp (BiotechCorp) and the State Government of Terengganu.
ValueVision Media (NASDAQ: VVTV) 18.7% HIGHER; Dougherty & Co upgraded the stock from Neutral to Buy. PT $2.25. Click here to see the full report.
FSI International, Inc. (NASDAQ: FSII) 18.6% LOWER; reported Q3 EPS of $0.25, $0.04 better than the analyst estimate of $0.21. Revenue for the quarter came in at $50.8 million versus the consensus estimate of $50.4 million. Sees Q4 2012 revenue of $40-$45 million, versus the consensus of $48.07 million.
Mitek Systems (Nasdaq: MITK) 17.7% HIGHER; shares continuing a recent run as traders may be taking note of an insider buy disclosed yesterday. The company's CEO James De Bello purchased 300,000 shares on the 15th of this month. After seemingly bottoming at the beginning of June, shares are now up almost 120 percent over the last 12 trading sessions.
Idenix Pharmaceuticals, Inc. (Nasdaq: IDIX) 15.1% HIGHER; announced results from an ongoing phase IIb study of IDX184 in combination with pegylated interferon and ribavirin (PegIFN/RBV). Click here to see the full report.
Enzo Biochem (NYSE: ENZ) 15.1% HIGHER; pushed over the $2 level this morning. Volume is heavy.
La-Z-Boy, Inc. (NYSE: LZB) 11.7% LOWER; reported Q4 GAAP EPS of $0.37, which does not compare to the analyst estimate of $0.26. The profit includes a $0.19 per share in anti-dumping duties. Revenue for the quarter came in at $327.4 million versus the consensus estimate of $333.72 million. Same-store written sales were up 10 percent.
Molycorp (NYSE: MCP) 11.2% HIGHER; continuing higher today as investors are considering a rumor Chinese officials will begin tightening regulations on the production of rare earths.
Le Gaga Holdings Ltd (NASDAQ: GAGA) 10.9% LOWER; reported Q4 EPS of ($1.35). Revenue for the quarter came in at $22.6 million versus the consensus estimate of $24 million. Sees Q1 sales of 135 million - 140 million yuan.
Quest Rare Minerals (AMEX: QRM) 10.7% HIGHER; see Molycorp above. The entire sector is moving higher today.
JinkoSolar Holding Co ADS (NYSE: JKS) 9.2% LOWER; reported Q1 GAAP loss of $2.36, and an adjusted loss of $0.64, which compares to the analyst estimate of ($1.12). Revenue for the quarter came in at $168.33 million versus the consensus estimate of $156.78 million. Shipments totaled 249MW. Sees Q2 solar module shipments of 200-240MW.
A123 (Nasdaq: AONE) 9.1% HIGHER; shares breaking out after holding closely to both the 50- and 200-day simple moving averages yesterday. Volume is very heavy this morning. The stock is over resistance at $1.40.
James River Coal (Nasdaq: JRCC) 9.0% HIGHER; continuing higher as coal stocks continue to bounce. The stock rose nearly 20 percent to close last week's session, and was up another 12 percent to start this week.
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ValueVision Media (NASDAQ: VVTV) 18.7% HIGHER; Dougherty & Co upgraded the stock from Neutral to Buy. PT $2.25. Click here to see the full report.
FSI International, Inc. (NASDAQ: FSII) 18.6% LOWER; reported Q3 EPS of $0.25, $0.04 better than the analyst estimate of $0.21. Revenue for the quarter came in at $50.8 million versus the consensus estimate of $50.4 million. Sees Q4 2012 revenue of $40-$45 million, versus the consensus of $48.07 million.
Mitek Systems (Nasdaq: MITK) 17.7% HIGHER; shares continuing a recent run as traders may be taking note of an insider buy disclosed yesterday. The company's CEO James De Bello purchased 300,000 shares on the 15th of this month. After seemingly bottoming at the beginning of June, shares are now up almost 120 percent over the last 12 trading sessions.
Idenix Pharmaceuticals, Inc. (Nasdaq: IDIX) 15.1% HIGHER; announced results from an ongoing phase IIb study of IDX184 in combination with pegylated interferon and ribavirin (PegIFN/RBV). Click here to see the full report.
Enzo Biochem (NYSE: ENZ) 15.1% HIGHER; pushed over the $2 level this morning. Volume is heavy.
La-Z-Boy, Inc. (NYSE: LZB) 11.7% LOWER; reported Q4 GAAP EPS of $0.37, which does not compare to the analyst estimate of $0.26. The profit includes a $0.19 per share in anti-dumping duties. Revenue for the quarter came in at $327.4 million versus the consensus estimate of $333.72 million. Same-store written sales were up 10 percent.
Molycorp (NYSE: MCP) 11.2% HIGHER; continuing higher today as investors are considering a rumor Chinese officials will begin tightening regulations on the production of rare earths.
Le Gaga Holdings Ltd (NASDAQ: GAGA) 10.9% LOWER; reported Q4 EPS of ($1.35). Revenue for the quarter came in at $22.6 million versus the consensus estimate of $24 million. Sees Q1 sales of 135 million - 140 million yuan.
Quest Rare Minerals (AMEX: QRM) 10.7% HIGHER; see Molycorp above. The entire sector is moving higher today.
JinkoSolar Holding Co ADS (NYSE: JKS) 9.2% LOWER; reported Q1 GAAP loss of $2.36, and an adjusted loss of $0.64, which compares to the analyst estimate of ($1.12). Revenue for the quarter came in at $168.33 million versus the consensus estimate of $156.78 million. Shipments totaled 249MW. Sees Q2 solar module shipments of 200-240MW.
A123 (Nasdaq: AONE) 9.1% HIGHER; shares breaking out after holding closely to both the 50- and 200-day simple moving averages yesterday. Volume is very heavy this morning. The stock is over resistance at $1.40.
James River Coal (Nasdaq: JRCC) 9.0% HIGHER; continuing higher as coal stocks continue to bounce. The stock rose nearly 20 percent to close last week's session, and was up another 12 percent to start this week.
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