Morning Movers 12/30: GM (GM) Higher After GMAC Gets Govt Billions, Rick's Cabaret (RICK) Lower on Results
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- Emageon (EMAG) Receives $9M in Escrow Funds from Health Systems Solutions; Terminates Merger Agreement
- Unusual 11 Mid-Day Movers 2/11: TSCC, NFP, XL, CRAY Higher; EMAG, MOD, GXP, LBY Lower
- Unusual 11 Mid-Day Movers 12/30: EMAG, SVNT, IRM, ALY Higher; SIL, APWR, RICK, EVR Lower
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- Notable Mergers and Acquisitions of the Day for 11/27: F, S/IPCS, STAR/CSCO, HRAY
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StreetInsider.com Morning Movers:
Emageon Inc. (Nasdaq: EMAG) 60% HIGHER; Health Systems Solutions, Inc. (OTCBB: HSSO) and Emageon have agreed to extend the closing date for their pending merger to February 11, 2009.
Hoku Scientific, Inc. (Nasdaq: HOKU) 11% HIGHER; Hoku, U.S. Bank, and United Fund Advisors Announce Financing for Solar Power Projects at Hawaii Airports
General Motors (NYSE: GM) 10% HIGHER; U.S. Treasury provides GMAC with $6 billion and its conversion to a bank holding company is approved.
Rick's Cabaret International Inc. (Nasdaq: RICK) 6% LOWER; reports FY08 EPS of $0.91, 9 cents lower than the analyst estimate of $1.00 and compared to $0.50 reported last year. Revenue for the quarter was $59.93 million, versus the consensus of $59.99 million and $32.01 million in FY07.
Iron Mountain Inc. (NYSE: IRM) 6% HIGHER; will replace UST Inc. (NYSE: UST) in the S&P 500 after the close of trading on a date to be announced
Ford Motor Co. (NYSE: F) 4% HIGHER; GMAC news
Huntsman Corp. (NYSE: HUN) 2% HIGHER; Receives Final $425 Million Payment From Apollo Affiliates
Virage Logic Corporation (NASDAQ: VIRL) INDICATED LOWER; lowers its Q1 sales guidance from $15.5-$16 million to $11-$11.5 million, versus the consensus of $15.7 million. Also moves its non-GAAP EPS outlook from $0.02-$0.04 to a loss of $0.08-$0.06. The Street is expecting Q1 non-GAAP gain of $0.01.
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