Morning Movers 10/12: SNEN, MRNA, TSEM, BBW, BDK Higher; DRIV, DEPO, INPH, SRZ Lower
Sinoenergy Corporation (Nasdaq: SNEN) 43% HIGHER; today announced that, on October 12, 2009, the Company entered into an agreement with Skywide Capital Management Limited, pursuant to which the Company will be merged with and into Skywide. Upon the effectiveness of the merger, each issued and outstanding share of the Company's common stock, other than shares owned by Skywide, will automatically be converted into the right to receive $1.90 per share.
Digital River, Inc. (NASDAQ: DRIV) 38.8% LOWER; announced today that Symantec Corporation (NASDAQ: SYMC) has notified Digital River that Symantec will not extend its existing e-commerce agreement. The agreement, under which Digital River provides a variety of e-commerce-related services to Symantec, expires on June 30, 2010. Click here for the full report.
MDRNA, Inc. (NASDAQ: MRNA) 37.9% HIGHER; today presented new in vivo data demonstrating continued progress in the advancement of the Company's oncology program. Click here for the full report.
Depomed, Inc. (NASDAQ: DEPO) 37.9% LOWER; announced today top-line results from the BREEZE 1 and 2 Phase 3 clinical trials evaluating the safety and efficacy of Serada. Click here for the full report.
Interphase Corporation (NASDAQ: INPH) 27.9% LOWER; sees Q3 sales of $4.3-$4.4 million on a loss of $2.1-$2.5 million.
Tower Semiconductor (Nasdaq: TSEM) 17.7% HIGHER; the company has been selected by C&S Technology in Korea as its preferred foundry to manufacture its power automotive devices. Here is the full report.
Sunrise Senior Living (NYSE: SRZ) 9% LOWER; correcting today following last week's spike higher on some divestiture news.
Build-A-Bear Workshop (NYSE: BBW) 8.2% HIGHER; BMO Capital upgrades from Market Perform to Outperform. Price target raises by $1 to $6.
Black & Decker (NYSE: BDK) 8.1% HIGHER; raises its Q3 EPS guidance to $0.91, which compares to the Street estimate of $0.45 and prior guidance of $0.35-$0.45. Sales are expected to decline 23% during the quarter. The firm sees a lower tax rate adding $0.14 to EPS during the quarter.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
Create E-mail AlertRelated Categories
Special ReportsStocks Mentioned
+0.12
-0.19Related Entities
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!
