Pre-Open Movers 01/07: (EPOC) (PPHM) (SCTY) Higher; (ILMN) (BIDU) (YHOO) Lower (more...)

January 7, 2013 9:39 AM EST
Peregrine Pharmaceuticals, Inc.(NASDAQ: PPHM) 34% HIGHER; Results of the extensive internal review indicate that discrepancies are isolated to the placebo and 1 mg/kg treatment arms of the trial and that there was no evidence of discrepancies in the 3 mg/kg treatment arm of the trial. Supports advancement to Phase III.

CombiMatrix Corporation (Nasdaq: CBMX) 24% HIGHER; expects to report record volumes of prenatal testing in the fourth quarter and year ended December 31, 2012. Preliminary annual growth rates of 172 percent and 171 percent were achieved for billable prenatal tests in the quarter and full year, respectively.

Epocrates, Inc. (Nasdaq: EPOC) 24% HIGHER; athenahealth, Inc. (NASDAQ: ATHN) signed a definitive agreement to acquire Epocrates, Inc. for $11.75 per share, in cash, or anaggregate purchase price of approximately $293 million.

Nationstar Mortgage Holdings Inc. (NYSE: NSM) 18% HIGHER; signed a definitive agreement to acquire approximately $215 billion in residential mortgage servicing rights (MSRs), as measured by unpaid principal balance (UPB) as of November 30, 2012, and certain other assets from Bank of America (NYSE: BAC).

Illumina Inc. (NASDAQ: ILMN) 9% LOWER; Roche bid said to be "off the table"

VIVUS, Inc. (Nasdaq: VVUS) 9% HIGHER; BofA/Merrill Lynch added Vivus to its U.S. 1 List, positive Qsymia prescription data.

Walter Investment Management Corp. (AMEX: WAC) 9% HIGHER; has signed a definitive agreement to acquire approximately $93 billion of unpaid principal balance ("UPB") of Fannie Mae (OTCBB: FNMA)-backed residential servicing assets, including related advance receivables of approximately $1 billion, from Bank of America (NYSE: BAC).

SolarCity (NASDAQ: SCTY) 8% HIGHER; loads of new Buy ratings

Molycorp, Inc. (NYSE: MCP) 6% HIGHER; China updates production quotas

Cree, Inc. (NASDAQ: CREE) 4% LOWER; downgraded at Canaccord

Baidu, Inc. (NASDAQ: BIDU) 4% LOWER; downgraded at Barclays

Applied Materials Inc. (NASDAQ: AMAT) 3% LOWER; downgraded at JPMorgan

Yahoo! Inc. (NASDAQ: YHOO) 2% LOWER; downgraded at Bernstien

Jamba, Inc. (NASDAQ: JMBA) 2% HIGHER; takeover speculation

Lowe's Companies Inc. (NYSE: LOW) 2% LOWER; downgraded at Canaccord Inc. (NASDAQ: AMZN) 2% HIGHER; upgraded at Morgan Stanley

Electronic Arts Inc. (NYSE: EA) 2% LOWER; downgraded at Sterne Agee

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