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 13.46

-0.30 -2.18%
Volume: 322,436
Track EHTH

EICU 11.99

+0.00 +0.00%
Volume: 0
Track EICU

EMKR 0.98

-0.02 -2.00%
Volume: 537,111
Track EMKR

EPIX 0.01

+0.00 +0.00%
Volume: 1,621,031
Track EPIX

INTC 19.24

-0.06 -0.31%
Volume: 49,134,046
Track INTC

KWK 12.61

-0.42 -3.22%
Volume: 2,087,800
Track KWK

LOCM 5.30

-0.07 -1.30%
Volume: 72,805
Track LOCM

PIR 3.97

-0.11 -2.70%
Volume: 1,191,912
Track PIR

STAR 34.40

+0.01 +0.03%
Volume: 651,090
Track STAR

TUES 2.78

+0.11 +4.12%
Volume: 136,759
Track TUES

WCG 32.47

+0.14 +0.43%
Volume: 379,959
Track WCG

ZIXI 1.71

+0.00 +0.00%
Volume: 382,944
Track ZIXI


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