StreetInsider.com Unusual 11 Mid-Day Movers 06/22/2007
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Corcept Therapeutics (NASDAQ: CORT) 26.9% HIGHER; Stock continues higher after yesterday\\\'s announcement that preliminary top line results indicated a statistically significant reduction in weight gain in those subjects who took olanzapine plus CORLUX compared to those who took olanzapine alone in a randomized, two week, double-blind, placebo controlled, proof of concept study. Also, yesterday, Punk Ziegel Upgrades Corcept Therapeutics (CORT) to Accumulate.
Quantum Fuel Systems Technologies Worldwide (Nasdaq: QTWW) 26.3% LOWER; Company has entered into definitive agreements with certain of its existing institutional investors as well as new institutional investors for an aggregate private placement of $18.75 million of common stock. Quantum will sell a total of 12.5 million shares at $1.50 per share, representing a discount from the June 21, 2007 closing price of $2.09.
Distributed Energy Systems (Nasdaq: DESC) 18.3% HIGHER; Announced the shipment of two 100 kilowatt ( kW) wind power systems for installation this summer on the Malaysian resort island of Pulau Perhentian.
Smith Micro Software Inc. (Nasdaq: SMSI) 14% HIGHER; ThinkEquity analyst says stock price should double within a year.
Jabil Circuit Inc. (NYSE: JBL) 11.8% HIGHER; Reports Q3 EPS of $0.23, 2 cents better than estimates.(0.21) Revenues were $3.0 billion vs. $2.95 billion consensus. Sees Q4 EPS between $0.25-0.31 vs. consensus of $0.30. Sees Q4 revenues of approx. $3 billion vs. $2.96 billion consensus.
Allos Therapeutics Inc. (Nasdaq: ALTH) 11% LOWER; Baker Biotech Capital/Baker Brothers/Capital Group sells 1,160,685 shares.
Inphonic, Inc. (Nasdaq: INPC) 10.7% LOWER; Deutsche Bank downgrades InPhonic To Hold From Buy.
Verasun Energy, Corp. (NYSE: VSE) 5.75% HIGHER; Senate blocks bill to eliminate ethanol import tariff.
Harley-Davidson Inc. (NYSE: HOG) 5.4% HIGHER; Stock seeing interest today on heavier-than-normal volume as a number of rumors swirl around the stock: 1. Asian company buyout or partnership, 2. LBO, 3. Activist investors getting involved.
Fortress Investment Group LLC (NYSE: FIG) 5.1% LOWER; Stock may be seeing pressure as Blackstone Group IPO\\\'d today. Money may be moving into Blackstone from Fortress.
Blockbuster Inc (NYSE: BBI) 5% LOWER; Company announces resignation of CFO.
Quantum Fuel Systems Technologies Worldwide (Nasdaq: QTWW) 26.3% LOWER; Company has entered into definitive agreements with certain of its existing institutional investors as well as new institutional investors for an aggregate private placement of $18.75 million of common stock. Quantum will sell a total of 12.5 million shares at $1.50 per share, representing a discount from the June 21, 2007 closing price of $2.09.
Distributed Energy Systems (Nasdaq: DESC) 18.3% HIGHER; Announced the shipment of two 100 kilowatt ( kW) wind power systems for installation this summer on the Malaysian resort island of Pulau Perhentian.
Smith Micro Software Inc. (Nasdaq: SMSI) 14% HIGHER; ThinkEquity analyst says stock price should double within a year.
Jabil Circuit Inc. (NYSE: JBL) 11.8% HIGHER; Reports Q3 EPS of $0.23, 2 cents better than estimates.(0.21) Revenues were $3.0 billion vs. $2.95 billion consensus. Sees Q4 EPS between $0.25-0.31 vs. consensus of $0.30. Sees Q4 revenues of approx. $3 billion vs. $2.96 billion consensus.
Allos Therapeutics Inc. (Nasdaq: ALTH) 11% LOWER; Baker Biotech Capital/Baker Brothers/Capital Group sells 1,160,685 shares.
Inphonic, Inc. (Nasdaq: INPC) 10.7% LOWER; Deutsche Bank downgrades InPhonic To Hold From Buy.
Verasun Energy, Corp. (NYSE: VSE) 5.75% HIGHER; Senate blocks bill to eliminate ethanol import tariff.
Harley-Davidson Inc. (NYSE: HOG) 5.4% HIGHER; Stock seeing interest today on heavier-than-normal volume as a number of rumors swirl around the stock: 1. Asian company buyout or partnership, 2. LBO, 3. Activist investors getting involved.
Fortress Investment Group LLC (NYSE: FIG) 5.1% LOWER; Stock may be seeing pressure as Blackstone Group IPO\\\'d today. Money may be moving into Blackstone from Fortress.
Blockbuster Inc (NYSE: BBI) 5% LOWER; Company announces resignation of CFO.
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