Unusual 11 Mid-Day Movers 01/02: (ZIP) (BIOF) (STXS) Higher; (SKUL) (DOLE) (NTLS) Lower
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Zipcar, Inc. (Nasdaq: ZIP) 48.4% HIGHER; to be acquired by Avis Budget (Nasdaq: CAR) for $12.25 per share. Click here for more color.
BioFuel Energy Corp. (Nasdaq: BIOF) 31.8% HIGHER; moving back above the $4.25 level on market sentiment today. Volume is double the daily average.
Stereotaxis Inc. (Nasdaq: STXS) 26.7% HIGHER; sawing some buying pushing shares above the $2.80 level. Short interest is about 11 percent of float.
Neutral Tandem, Inc. (Nasdaq: IQNT) 18.3% HIGHER; popping above the $3 level on volume. The level had been a resistance point since the start of November.
Synergy Pharmaceuticals, Inc. (Nasdaq: SGYP) 16.3% HIGHER; announced that plecanatide, its investigational oral drug for the treatment of chronic idiopathic constipation (CIC), was well tolerated and met the primary and key secondary endpoints of a Phase IIb/III clinical study. Full study results will be presented at a major scientific meeting this year.
Gevo Inc. (Nasdaq: GEVO) 16.2% HIGHER; plans to repurchase $15 million of its outstanding shares.
Skullcandy Inc. (Nasdaq: SKUL) 14.1% LOWER; downgraded by Jefferies two notches to Underperform. Click here for more color.
Dole Food Company, Inc. (NYSE: DOLE) 13.3% LOWER; updated expectations for FY13 amid asset sales, heavy rainfall in Mindanao, Philippines. For more, click here.
NTELOS Holdings (Nasdaq: NTLS) 8.6% LOWER; JPMorgan cut its rating to Neutral while halving its price target to $10.
Mindray Medical (NYSE: MR) 8.1% LOWER; Credit Suisse downgraded Mindray from Outperform to Neutral.
China Biologic Products, Inc. (Nasdaq: CBPO) 6.9% LOWER; announced that the construction of a new production facility at its Guizhou Taibang subsidiary could be delayed due to slower-than-expected government approval of land use rights. The Company is working closely with local authorities to secure approval as soon as possible and will inform investors once it makes material progress in these regards along with an updated schedule for when it expects to complete the new Guizhou facility.
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BioFuel Energy Corp. (Nasdaq: BIOF) 31.8% HIGHER; moving back above the $4.25 level on market sentiment today. Volume is double the daily average.
Stereotaxis Inc. (Nasdaq: STXS) 26.7% HIGHER; sawing some buying pushing shares above the $2.80 level. Short interest is about 11 percent of float.
Neutral Tandem, Inc. (Nasdaq: IQNT) 18.3% HIGHER; popping above the $3 level on volume. The level had been a resistance point since the start of November.
Synergy Pharmaceuticals, Inc. (Nasdaq: SGYP) 16.3% HIGHER; announced that plecanatide, its investigational oral drug for the treatment of chronic idiopathic constipation (CIC), was well tolerated and met the primary and key secondary endpoints of a Phase IIb/III clinical study. Full study results will be presented at a major scientific meeting this year.
Gevo Inc. (Nasdaq: GEVO) 16.2% HIGHER; plans to repurchase $15 million of its outstanding shares.
Skullcandy Inc. (Nasdaq: SKUL) 14.1% LOWER; downgraded by Jefferies two notches to Underperform. Click here for more color.
Dole Food Company, Inc. (NYSE: DOLE) 13.3% LOWER; updated expectations for FY13 amid asset sales, heavy rainfall in Mindanao, Philippines. For more, click here.
NTELOS Holdings (Nasdaq: NTLS) 8.6% LOWER; JPMorgan cut its rating to Neutral while halving its price target to $10.
Mindray Medical (NYSE: MR) 8.1% LOWER; Credit Suisse downgraded Mindray from Outperform to Neutral.
China Biologic Products, Inc. (Nasdaq: CBPO) 6.9% LOWER; announced that the construction of a new production facility at its Guizhou Taibang subsidiary could be delayed due to slower-than-expected government approval of land use rights. The Company is working closely with local authorities to secure approval as soon as possible and will inform investors once it makes material progress in these regards along with an updated schedule for when it expects to complete the new Guizhou facility.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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