Morning Movers 08/15: (MMI) (CXDC) (BWOW) (MOTR) (UTSI) Higher; (CHLN) (IDCC) (CBOU) Lower
Motorola Mobility (NYSE: MMI) 56.2% HIGHER; announced Google (Nasdaq: GOOG) will acquire the company in a $12.5 billion deal.
China XD Plastics Company Limited (NASDAQ: CXDC) 39.8% HIGHER; reported Q2 EPS of $0.30, $0.05 better than the analyst estimate of $0.25. Revenue for the quarter came in at $88.2 million versus the consensus estimate of $78.8 million. Also announced a $100 million equity investment by Morgan Stanley Private Equity Asia.
Wowjoint Holdings Limited (NASDAQ: BWOW) 28.2% HIGHER; reported Q2 EPS of $0.13, versus $0.04 reported last year. Revenue for the quarter came in at $8.4 million, versus $2.6 million reported last year.
Motricity (Nasdaq: MOTR) 23.8% HIGHER; continuing to rebound today following a 60 percent slide on Wednesday of last week amid a Q2 miss and weak Q3 guidance. Shares are above $2.50 today.
China Housing & Land Development, Inc. (NASDAQ: CHLN) 22.2% LOWER; reported Q2 EPS of $0.01, versus $0.13 reported last year. Revenue for the quarter came in at $20.3 million, versus $36.6 million reported last year.
UTStarcom Holdings Corp. (Nasdaq: UTSI) 21.6% HIGHER; has approved a stock repurchase program of up to $20 million of its outstanding stock over the next 12 months. The stock repurchase program was approved by UTStarcom's board of directors on August 12, 2011, and became effective on August 15, 2011, for twelve months, through August 15, 2012. In addition, UTStarcom's management team, which includes executive officers and senior executives of the Company, will purchase up to $0.5 million of the UTStarcom's outstanding stock using personal funds over the next 12 months.
InterDigital (Nasdaq: IDCC) 21.3% LOWER; tumbling amid news Google will acquire Motorola Mobility.
DryShips (Nasdaq: DRYS) 14% HIGHER; traders may be buying today following a bullish article on SeekingAlpha over the weekend.
Tengasco, Inc. (NYSE: TGC) 13.8% HIGHER; reported Q2 EPS of $0.02, versus $0.01 reported last year.
MedAssets (Nasdaq: MDAS) 13.1% HIGHER; upgraded to Strong Buy at Raymond James this morning.
Caribou Coffee (Nasdaq: CBOU) 7.3% LOWER; reports a 5.15 million share public offering.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
China XD Plastics Company Limited (NASDAQ: CXDC) 39.8% HIGHER; reported Q2 EPS of $0.30, $0.05 better than the analyst estimate of $0.25. Revenue for the quarter came in at $88.2 million versus the consensus estimate of $78.8 million. Also announced a $100 million equity investment by Morgan Stanley Private Equity Asia.
Wowjoint Holdings Limited (NASDAQ: BWOW) 28.2% HIGHER; reported Q2 EPS of $0.13, versus $0.04 reported last year. Revenue for the quarter came in at $8.4 million, versus $2.6 million reported last year.
Motricity (Nasdaq: MOTR) 23.8% HIGHER; continuing to rebound today following a 60 percent slide on Wednesday of last week amid a Q2 miss and weak Q3 guidance. Shares are above $2.50 today.
China Housing & Land Development, Inc. (NASDAQ: CHLN) 22.2% LOWER; reported Q2 EPS of $0.01, versus $0.13 reported last year. Revenue for the quarter came in at $20.3 million, versus $36.6 million reported last year.
UTStarcom Holdings Corp. (Nasdaq: UTSI) 21.6% HIGHER; has approved a stock repurchase program of up to $20 million of its outstanding stock over the next 12 months. The stock repurchase program was approved by UTStarcom's board of directors on August 12, 2011, and became effective on August 15, 2011, for twelve months, through August 15, 2012. In addition, UTStarcom's management team, which includes executive officers and senior executives of the Company, will purchase up to $0.5 million of the UTStarcom's outstanding stock using personal funds over the next 12 months.
InterDigital (Nasdaq: IDCC) 21.3% LOWER; tumbling amid news Google will acquire Motorola Mobility.
DryShips (Nasdaq: DRYS) 14% HIGHER; traders may be buying today following a bullish article on SeekingAlpha over the weekend.
Tengasco, Inc. (NYSE: TGC) 13.8% HIGHER; reported Q2 EPS of $0.02, versus $0.01 reported last year.
MedAssets (Nasdaq: MDAS) 13.1% HIGHER; upgraded to Strong Buy at Raymond James this morning.
Caribou Coffee (Nasdaq: CBOU) 7.3% LOWER; reports a 5.15 million share public offering.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Pre-Open Movers 5/25: (BLOX) (FRO) (QSFT) Higher; (TLB) (ROSG) (DCTH) Lower (more...)
- Notable ETF Movers of the Day 05/24: (EPI) (SLV) (VXX) Higher; (UNG) (FXI) Lower
- Notable Analyst Rating Changes 05/23: (SBUX) (AMAT) (WMB) Upgraded; (NDAQ) (PSO) (ARBA) Downgraded
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Raymond James, Morgan Stanley, Morning Movers, Stock BuybackSign 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!
