Morning Movers 09/21: (OREX) (ALTH) (FLML) Higher; (PACB) (TSON) (JVA) (BAS) (WLT) Lower
Up)
Orexigen (Nasdaq: OREX) 57.1% HIGHER; announces FDA identifies clear and feasible path to approval for Contrave(R). Click here to see the full report. The stock was upgraded at JMP and Leerink Swann this morning, and downgraded at Lazard.
Pacific Biosciences (Nasdaq: PACB) 17.8% LOWER; last night announced it cut about 130 jobs from its workforce yesterday, or about 28 percent of the total headcount. The company sees a $5.2 million charge related to the layoffs during the third quarter. The stock was downgraded at Piper Jaffray and JPMorgan.
TranS1 Inc. (Nasdaq: TSON) 16.5% LOWER; today announced that it has priced its public offering of 6,200,000 shares of its common stock at a price to the public of $3.25 per share. TranS1 has granted the underwriters a 30-day option to purchase up to 930,000 additional shares of common stock to cover over-allotments, if any. The gross proceeds to TranS1 from the sale of shares, before expenses and any over-allotment exercise, are expected to be $20,150,000.
Coffee Holding Co. (Nasdaq: JVA) 12.1% LOWER; shares have not closed higher since the stock price pushed under the 200-day smooth moving average last week. The stock is down by about 30 percent since Sept. 14th.
Allos Therapeutics (Nasdaq: ALTH) 11% HIGHER; in a Form 8-K filing, the company disclosed Allos Company A boosted an offer for the company from $2 to $2.20 per share, broken up into $1.50 in cash and $0.70 in shares.
Basic Energy Services (NYSE: BAS) 10.5% LOWER; shares have been trending lower recently. The stock sold-off by about 4 percent to close yesterday's session after the price could not hold the 200-day moving average.
Walter Energy, Inc. (NYSE: WLT) 10.4% LOWER; Walter Energy's consolidated operating income is expected to be between $125 million and $145 million for the third quarter of 2011 and between $255 million and $295 million for the fourth quarter. Consolidated net income is expected to be between $63 million and $73 million for the third quarter and between $165 million and $185 million for the fourth quarter of 2011. Earnings per share is expected to be between $1.00 and $1.16 in the third quarter and between $2.63 and $2.95 for the fourth quarter of 2011. The Street sees earnings of $3.22 in Q311, and $3.16 for Q411.
China Sunergy (Nasdaq: CSUN) 10.4% LOWER; giving back of chunk of the gains from over the last week or two. The stock had surged as much as 32 percent since Sept. 12th.
Flamel Tech (Nasdaq: FLML) 9.6% HIGHER; following a 9.8 percent move higher yesterday, the stock could be breaking above a resistance level around $4.50 today. Volume is very heavy.
Atlas Air Worldwide (NASDAQ: AAWW) 9.2% LOWER; SunTrust Robinson Humphrey downgraded the stock from Buy to Neutral.
Patriot Coal (NYSE: PCX) 9.1% LOWER; entire coal sector under pressure following a warning from Walter Energy.
Youku.com (Nasdaq: YOKU) 8.8% LOWER; stock getting killed recently amid ongoing concerns with a number of US-listed China-based companies. Stock down 25 percent since Sept. 14th.
JA Solar (Nasdaq: JASO) 8.5% HIGHER; reversing a late day decline yesterday; the stock closed down about 9 percent. JA Solar shares are down a whopping 41 percent this month alone.
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Pacific Biosciences (Nasdaq: PACB) 17.8% LOWER; last night announced it cut about 130 jobs from its workforce yesterday, or about 28 percent of the total headcount. The company sees a $5.2 million charge related to the layoffs during the third quarter. The stock was downgraded at Piper Jaffray and JPMorgan.
TranS1 Inc. (Nasdaq: TSON) 16.5% LOWER; today announced that it has priced its public offering of 6,200,000 shares of its common stock at a price to the public of $3.25 per share. TranS1 has granted the underwriters a 30-day option to purchase up to 930,000 additional shares of common stock to cover over-allotments, if any. The gross proceeds to TranS1 from the sale of shares, before expenses and any over-allotment exercise, are expected to be $20,150,000.
Coffee Holding Co. (Nasdaq: JVA) 12.1% LOWER; shares have not closed higher since the stock price pushed under the 200-day smooth moving average last week. The stock is down by about 30 percent since Sept. 14th.
Allos Therapeutics (Nasdaq: ALTH) 11% HIGHER; in a Form 8-K filing, the company disclosed Allos Company A boosted an offer for the company from $2 to $2.20 per share, broken up into $1.50 in cash and $0.70 in shares.
Basic Energy Services (NYSE: BAS) 10.5% LOWER; shares have been trending lower recently. The stock sold-off by about 4 percent to close yesterday's session after the price could not hold the 200-day moving average.
Walter Energy, Inc. (NYSE: WLT) 10.4% LOWER; Walter Energy's consolidated operating income is expected to be between $125 million and $145 million for the third quarter of 2011 and between $255 million and $295 million for the fourth quarter. Consolidated net income is expected to be between $63 million and $73 million for the third quarter and between $165 million and $185 million for the fourth quarter of 2011. Earnings per share is expected to be between $1.00 and $1.16 in the third quarter and between $2.63 and $2.95 for the fourth quarter of 2011. The Street sees earnings of $3.22 in Q311, and $3.16 for Q411.
China Sunergy (Nasdaq: CSUN) 10.4% LOWER; giving back of chunk of the gains from over the last week or two. The stock had surged as much as 32 percent since Sept. 12th.
Flamel Tech (Nasdaq: FLML) 9.6% HIGHER; following a 9.8 percent move higher yesterday, the stock could be breaking above a resistance level around $4.50 today. Volume is very heavy.
Atlas Air Worldwide (NASDAQ: AAWW) 9.2% LOWER; SunTrust Robinson Humphrey downgraded the stock from Buy to Neutral.
Patriot Coal (NYSE: PCX) 9.1% LOWER; entire coal sector under pressure following a warning from Walter Energy.
Youku.com (Nasdaq: YOKU) 8.8% LOWER; stock getting killed recently amid ongoing concerns with a number of US-listed China-based companies. Stock down 25 percent since Sept. 14th.
JA Solar (Nasdaq: JASO) 8.5% HIGHER; reversing a late day decline yesterday; the stock closed down about 9 percent. JA Solar shares are down a whopping 41 percent this month alone.
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