Unusual 11 Mid-Day Movers: EPIX, LOCM, PIR Higher; TUES, STAR Lower

December 18, 2007 1:05 PM EST

EPIX Pharmaceuticals (NASDAQ: EPIX) 34% HIGHER; announced compelling top-line results from a Phase 2a two-week clinical trial of its novel 5-HT4 agonist, PRX-03140, in patients with Alzheimer's disease.

VISICU, Inc. (NASDAQ: EICU) 32.5% HIGHER; entered into a merger agreement through which an affiliate of Philips will acquire the entire share capital of VISICU for $12.00 per share.

Tuesday Morning Corporation (Nasdaq: TUES) 30.1% LOWER; lowers guidance. Sees 2008 revenue in the range of $943 to $955 million with low single digit negative comparable store sales. The Wall Street consensus is $977.05 million. Diluted earnings per share, based on these sales results, would be approximately $0.58 to $0.65 per diluted share for the fiscal year 2008. The Wall Street consensus is $0.76.

Local.com Corp. (Nasdaq: LOCM) 20.9% HIGHER; may be feeling upward pressure today as a result of Borrell Associates ranking Local.com as the leader in online advertising revenue growth for 2007, with a 138% year over year increase.

Pier 1 Imports (NYSE: PIR) 18.3% HIGHER; appears to be moving higher today on no recent news.

Starent Networks Corp. (Nasdaq: STAR) 13.2% LOWER; downgraded by J.P. Morgan from Overweight to Neutral.

Quicksilver Resources (NYSE: KWK) 12.6% HIGHER; upgraded at Canaccord Adams from Hold to Buy with a $66 price target, saying they were impressed with the growth outlook following a recent visit. Also announced a $885 million budget for 2008.

eHealth, Inc. (Nasdaq: EHTH) 12% LOWER; is being corrected after yesterdays 10% rally in the Company's stock price.

Zix Corp. (Nasdaq: ZIXI) 11.7% LOWER; appears to be selling-off in mid-day for no apparent reason.

EMCORE Corp. (Nasdaq: EMKR) 10.4% HIGHER; announced it would buy certain telecom assets from Intel's (Nasdaq: INTC) optical platform division for about $85 million.

WellCare Health Plans, Inc. (NYSE: WCG) 3.2% LOWER; continues yesterdays 8.7% drop, which was related to fears of more negative new related to the DOJ probe.


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Stocks Mentioned

EHTH 13.67

-0.44 -3.12%
Volume: 111,173
Track EHTH

EICU 11.99

+0.00 +0.00%
Volume: 0
Track EICU

EMKR 1.02

-0.05 -4.67%
Volume: 458,856
Track EMKR

EPIX 0.02

+0.00 +0.00%
Volume: 1,065,116
Track EPIX

INTC 19.50

+0.04 +0.21%
Volume: 59,509,626
Track INTC

KWK 13.94

+0.34 +2.50%
Volume: 4,734,482
Track KWK

LOCM 5.14

+0.00 +0.00%
Volume: 51,314
Track LOCM

PIR 3.74

-0.18 -4.59%
Volume: 1,729,114
Track PIR

STAR 34.11

+0.16 +0.47%
Volume: 2,061,774
Track STAR

TUES 3.09

-0.18 -5.50%
Volume: 122,047
Track TUES

WCG 32.70

+1.31 +4.17%
Volume: 1,201,873
Track WCG

ZIXI 1.86

+0.01 +0.54%
Volume: 166,960
Track ZIXI


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