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StreetInsider.com After-Hours Movers 12/3: (ESIO) (PETS) (CUR) Higher; (GERN) (PBY) (ORCL) Lower (more...)

December 3, 2012 5:56 PM EST Send to a Friend
Geron Corp (NASDAQ: GERN) 20% LOWER; discontinued development of GRN1005, its peptide-drug conjugate designed to treat cancers in the brain. The company also announced a restructuring to reduce its workforce from 107 positions to 64 full-time positions, and to reduce its annual cash operating expenses from approximately $65 million in 2012 to approximately $33 million in 2013.

Electro Scientific Industries (NASDAQ: ESIO) 10% HIGHER; declared a special dividend of $2.00 per share.

Pep Boys (NYSE: PBY) 9% LOWER; reported Q3 EPS of ($0.13), $0.28 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $509.6 million versus the consensus estimate of $527.68 million. Comps fell 1.8 percent.

PetMed Express, Inc. (NASDAQ: PETS) 4% HIGHER; declared a special dividend of $1.00 per share.

Select Income REIT (NYSE: SIR) 3% LOWER; commenced a public offering of 6,000,000 common shares.

New Mountain Finance Corporation (NYSE: NMFC) 3% LOWER; commenced a public offering of 3,000,000 shares of its common stock. In connection with the proposed offering, the Company intends to grant the underwriters for the offering an option to purchase up to an additional 450,000 shares of common stock.

PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) 3% LOWER; Bruce Tomlinson has resigned his position as vice president and chief financial officer of PDL due to personal reasons. His resignation is effective as of November 30, 2012. The company will begin a search for a new CFO.

Neuralstem, Inc. (NYSE: CUR) 3% HIGHER; extends today's 19% gains on the back of a positive article

Parkway Properties, Inc. (NYSE: PKY) 2% LOWER; commenced an underwritten public offering of 13,500,000 shares of common stock.

Atlas Pipeline Partners L.P. (NYSE: APL) 2% LOWER; has commenced an underwritten public offering of 9,250,000 common units representing limited partner interests. Oracle Corp (NASDAQ: ORCL) declared a special dividend of $0.18 per share after accelerating its Q2, Q3, Q4 dividend for fiscal 2013 ahead of the fiscal cliff.

Oracle Corp (NASDAQ: ORCL) 1% LOWER; declared a special dividend of $0.18 per share after accelerating its Q2, Q3, Q4 dividend for fiscal 2013 ahead of the fiscal cliff.




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