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Morning Movers 06/22: (HNR) (NPSP) Higher; (ARNA) (R) (RGEN) (EGLE) (PLX) Lower

June 22, 2012 10:20 AM EDT
Harvest Natural Resources, Inc. (NYSE: HNR) 69.1% HIGHER; wholly-owned subsidiary, HNR Energia B.V., has signed a definitive Share Purchase Agreement (SPA) with PT Pertamina (Persero), the national oil company of Indonesia (the Buyer), to sell all of the Company's interests in Venezuela for $725.0 million in an all-cash transaction. Net proceeds from the sale are estimated to be approximately $525.0 million after deductions for transaction related costs and taxes.

Arena Pharma (Nasdaq: ARNA) 11.5% LOWER; three words: "massive bear raid." Click here for more details.

Ryder (NYSE: R) 11.3% LOWER; lowers its Q2 EPS guidance from $1.07-$1.12 previously to $0.90-$0.95, which compares to the Street estimate of $1.10. The company's FY12 EPS outlook moves from $4.02-$4.12 to $3.65-$3.85, which compares to the Street estimate of $4.09. The company cited "reduced commercial rental demand and actions taken to reduce used vehicle inventories.

NPS Pharmaceuticals, Inc. (NASDAQ: NPSP) 10.1% HIGHER; Takeda Pharmaceutical Company Limited and NPS jointly announced today that the Committee for Medicinal Products for Human Use (of the European Medicines Agency has adopted a positive opinion, recommending the granting of a marketing authorization for the medicinal product teduglutide (tradename in Europe: Revestive®) as a once-daily treatment for adult patients with short bowel syndrome.

Repligen Corporation (Nasdaq: RGEN) 9.8% LOWER; has received a Complete Response Letter (CRL) from the U.S. Food & Drug Administration (FDA) regarding the Company’s New Drug Application (NDA) for RG1068

Eagle Bulk Shipping (Nasdaq: EGLE) 9.1% LOWER; traders taking some profits this morning as the stock was up more than 31 percent. The company announced a new $20 million credit pact yesterday.

Protalix BioTherapeutics (AMEX: PLX) 9% LOWER; shares are lower following news taliglucerase alfa did not get marketing approval from the EMA CHMP.


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