Morning Movers 07/23: (NXY) (PEET) (GEN) (GEOY) Higher; (WTSLA) (PETS) (ITMN) Lower
Tweet Send to a Friend
Get Alerts NXY Hot Sheet
Up)
Trade NXY Now!
Nexen Inc. (NYSE: NXY) 52.7% HIGHER; CNOOC Limited (NYSE: CEO) and Nexen have entered into a definitive agreement under which CNOOC Limited will acquire all of the outstanding common shares of Nexen for US$27.50 per share in cash.
Peet's Coffee & Tea, Inc. (Nasdaq: PEET) 29.3% HIGHER; to be acquired by for $73.50/share by Joh. A. Benckiser.
GenOn Energy, Inc. (NYSE: GEN) 24.7% HIGHER; NRG Energy, Inc. (NYSE: NRG) and GenOn have signed a definitive agreement to combine the two companies in a stock-for-stock tax-free transaction. GenOn shareholders will receive 0.1216 of a share of NRG common stock in exchange for each GenOn share of common stock.
GeoEye, Inc. (Nasdaq: GEOY) 23.3% HIGHER; DigitalGlobe, Inc. (NYSE: DGI) and GeoEye today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in a stock and cash transaction valued at approximately $900 million.
Peregrine Pharma (Nasdaq: PPHM) 22% HIGHER; breaking out above resistance around $1.25 today. Shares are holding above $1.50. Volume is extremely heavy this morning. Under the terms of the agreement, GeoEye shareowners will have the right to elect either 1.137 shares of DigitalGlobe common stock and $4.10 per share in cash.
Synacor (Nasdaq: SYNC) 14.4% HIGHER; the stock is pushing back over $12 after falling by more than 12 percent on Thursday and Friday. Shares dipped sharply on Thursday after the price pushed below both the 50- and 200-day simple moving averages.
The Wet Seal, Inc. (Nasdaq: WTSLA) 13.5% LOWER; announced today that its Board of Directors has terminated the employment of the Company’s Chief Executive Officer, Susan McGalla, effective immediately. Sees a Q2 loss before non-cash impairment and CEO severance costs of 6-7 cents per share.
Petmed Express, Inc. (NASDAQ: PETS) 13.3% LOWER; reported Q2 EPS of $0.20, $0.03 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $69 million versus the consensus estimate of $77.3 million.
InterMune, Inc. (NASDAQ: ITMN) 12.7% LOWER; reported Q2 EPS of ($0.78), $0.55 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $5.54 million versus the consensus estimate of $39.99 million.
Semiconductor Manufacturing (NYSE: SMI) 11.4% HIGHER; shares are breaking above resistance at $1.50 and $1.65.
Hanwha Solarone (Nasdaq: HSOL) 10.4% LOWER; breaking below support at $1.15 today.
RailAmerica, Inc. (NYSE: RA) 9.8% HIGHER; The Carlyle Group (NASDAQ: CG) announced today that it has agreed to invest up to $800 million in Genesee & Wyoming Inc. (NYSE: GWR), which will enable Genesee & Wyoming to acquire RailAmerica for an all cash purchase price of $2 billion.
Meadowbrook Insurance Group (NYSE: MIG) 9.6% LOWER; continuing lower following a 15 percent move lower on Friday. The company said it sees Q2 loss of about 15-16 cents per share, which compares to the Street estimate looking for a gain of 22 cents per share. Revised its FY12 EPS guidance to 55-60 cents per share, which compares to the Street estimate of 86 cents per share. The company was previously looking for EPS of $1.05-$1.15.
Akorn (NASDAQ: AKRX) 9.4% LOWER; Deutsche Bank downgraded the stock from Buy to Hold with a price target of $14.00 (from $15.00). Click here to see the full report.
GenCorp Inc. (NYSE: GY) 9.3% HIGHER; announced today that it has signed a definitive agreement to acquire Pratt & Whitney Rocketdyne (PWR) from United Technologies Corporation (NYSE: UTX) for $550 million.
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
Peet's Coffee & Tea, Inc. (Nasdaq: PEET) 29.3% HIGHER; to be acquired by for $73.50/share by Joh. A. Benckiser.
GenOn Energy, Inc. (NYSE: GEN) 24.7% HIGHER; NRG Energy, Inc. (NYSE: NRG) and GenOn have signed a definitive agreement to combine the two companies in a stock-for-stock tax-free transaction. GenOn shareholders will receive 0.1216 of a share of NRG common stock in exchange for each GenOn share of common stock.
GeoEye, Inc. (Nasdaq: GEOY) 23.3% HIGHER; DigitalGlobe, Inc. (NYSE: DGI) and GeoEye today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in a stock and cash transaction valued at approximately $900 million.
Peregrine Pharma (Nasdaq: PPHM) 22% HIGHER; breaking out above resistance around $1.25 today. Shares are holding above $1.50. Volume is extremely heavy this morning. Under the terms of the agreement, GeoEye shareowners will have the right to elect either 1.137 shares of DigitalGlobe common stock and $4.10 per share in cash.
Synacor (Nasdaq: SYNC) 14.4% HIGHER; the stock is pushing back over $12 after falling by more than 12 percent on Thursday and Friday. Shares dipped sharply on Thursday after the price pushed below both the 50- and 200-day simple moving averages.
The Wet Seal, Inc. (Nasdaq: WTSLA) 13.5% LOWER; announced today that its Board of Directors has terminated the employment of the Company’s Chief Executive Officer, Susan McGalla, effective immediately. Sees a Q2 loss before non-cash impairment and CEO severance costs of 6-7 cents per share.
Petmed Express, Inc. (NASDAQ: PETS) 13.3% LOWER; reported Q2 EPS of $0.20, $0.03 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $69 million versus the consensus estimate of $77.3 million.
InterMune, Inc. (NASDAQ: ITMN) 12.7% LOWER; reported Q2 EPS of ($0.78), $0.55 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $5.54 million versus the consensus estimate of $39.99 million.
Semiconductor Manufacturing (NYSE: SMI) 11.4% HIGHER; shares are breaking above resistance at $1.50 and $1.65.
Hanwha Solarone (Nasdaq: HSOL) 10.4% LOWER; breaking below support at $1.15 today.
RailAmerica, Inc. (NYSE: RA) 9.8% HIGHER; The Carlyle Group (NASDAQ: CG) announced today that it has agreed to invest up to $800 million in Genesee & Wyoming Inc. (NYSE: GWR), which will enable Genesee & Wyoming to acquire RailAmerica for an all cash purchase price of $2 billion.
Meadowbrook Insurance Group (NYSE: MIG) 9.6% LOWER; continuing lower following a 15 percent move lower on Friday. The company said it sees Q2 loss of about 15-16 cents per share, which compares to the Street estimate looking for a gain of 22 cents per share. Revised its FY12 EPS guidance to 55-60 cents per share, which compares to the Street estimate of 86 cents per share. The company was previously looking for EPS of $1.05-$1.15.
Akorn (NASDAQ: AKRX) 9.4% LOWER; Deutsche Bank downgraded the stock from Buy to Hold with a price target of $14.00 (from $15.00). Click here to see the full report.
GenCorp Inc. (NYSE: GY) 9.3% HIGHER; announced today that it has signed a definitive agreement to acquire Pratt & Whitney Rocketdyne (PWR) from United Technologies Corporation (NYSE: UTX) for $550 million.
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
- 50-Day SMA Crossers 05/20: (ELN) (ACI) (AAPL) Above; (MRK) (TLAB) (CLSN) Below
- Unusual 11 Mid-Day Movers 05/21: (SDBT) (FXEN) (SCOK) Higher; (IEC) (BVX) (RSOL) Lower
- Trading Radar for 05/21: Home Depot (HD), Best Buy (BBY), Analog Devices (ADI), Saks (SKS) Report
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Deutsche Bank, The Carlyle Group, Morning Movers
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!
