Unusual 11 Mid-Day Movers 01/04: BFRM, CDII, KNDI, DGLY Higher; YRCW, ICXT, IDN, EDZ Lower
BioForm Medical, Inc. (NASDAQ: BFRM) 60.6% HIGHER; Merz Pharma Group and BioForm today announced that the Board of Directors of BioForm Medical and the Merz Shareholders Council have unanimously approved a definitive agreement under which Merz will acquire all of the outstanding shares of BioForm Medical for US$5.45 per share in cash pursuant to a cash tender offer followed by a second-step merger. The transaction has a total equity value of approximately US$253 million based on BioForm Medical's outstanding shares of common stock. Click here to see the full report.
China Direct Industries, Inc. (NASDAQ: CDII) 39.8% HIGHER; announced today its outlook for FY10: sees improvement across all its business areas resulting in revenues for the full fiscal year of 2010 ranging between $130 and $150 million with net income ranging from $8 to $10 million. This guidance is predicated on management's belief that magnesium prices and demand will continue to gradually improve in fiscal 2010. Management also believes its consulting operations will improve significantly as global markets continue to strengthen for small to medium sized Chinese entities.
Kandi Technologies, Corp. (NASDAQ: KNDI) 25.2% HIGHER; today announced it has formed a strategic alliance with China Potevio/CNOOC New Energy and Power, Ltd. -- a joint venture of China National Offshore Oil Corporation (NASDAQ: CNOOC) and China Potevio Co. -- and Tianneng Power International, Ltd., aimed at speeding up the commercialization and achieving mass adoption of Pure Electronic Vehicles (Pure EVs) in China. Click here for the full report.
Digital Ally, Inc. (NASDAQ: DGLY) 24.9% HIGHER; today announced that, on a preliminary unaudited basis, its revenue for the three months ended December 31, 2009 set a new Company record of over $9.2 million. This represents an increase of approximately 37% when compared with revenue of $6.7 million in the prior-year quarter and an increase of over 61% when compared with revenue of $5.7 million in the third quarter of 2009. The Company's previous quarterly revenue record of $8.9 million was posted in the three-month period ended June 30, 2008. For the year ended December 31, 2009, revenue approximated $26.3 million on a preliminary unaudited basis, versus revenue of approximately $32.6 million in the year ended December 31, 2008. Here is the full report.
Delta Petroleum (Nasdaq: DPTR) 24% HIGHER; this momentum stock seems to be correcting today following several days of downside. Over the last 3 trading sessions, the stock fell more than 15%.
Bank of Ireland (NYSE: IRE) 18.2% HIGHER; reassuring comments from the Irish Finance Minister Brian Lenihan could be boosting the stock today. Irish banks may also be seeing upside giving an Exane BNP Paribas upgrade of RBS.
YRC Worldwide (Nasdaq: YRCW) 14% LOWER; continuing lower this week following a 15% drop on Thursday as the company announced that it has meet its debt-for-equity exchange offer thresholds.
ICX Technologies (Nasdaq: ICXT) 11.6% LOWER; traders are likely taking profits today. Over the last 8 trading sessions, shares of ICXT have risen everyday, adding more than 78% to the stock's value.
Intelli-Check-Mobilisa (AMEX: IDN) 10.2% LOWER; correcting today following 7 straight days of upside. The stock has surged more than 140% over the last two weeks as the anti-terrorism trade has seen some action.
Direxion Daily Emerging Markets Bear 3x ETF (NYSE: EDZ) 8.4% LOWER; this short fund is moving lower today as the index it tracks (MSCI Emerging Markets Index) is moving sharply higher.
MercadoLibre (Nasdaq: MELI) 3.2% LOWER; an analyst at JPMorgan lowered his investment rating on the stock from Overweight to Neutral. The firm maintained its $51 price targ
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
China Direct Industries, Inc. (NASDAQ: CDII) 39.8% HIGHER; announced today its outlook for FY10: sees improvement across all its business areas resulting in revenues for the full fiscal year of 2010 ranging between $130 and $150 million with net income ranging from $8 to $10 million. This guidance is predicated on management's belief that magnesium prices and demand will continue to gradually improve in fiscal 2010. Management also believes its consulting operations will improve significantly as global markets continue to strengthen for small to medium sized Chinese entities.
Kandi Technologies, Corp. (NASDAQ: KNDI) 25.2% HIGHER; today announced it has formed a strategic alliance with China Potevio/CNOOC New Energy and Power, Ltd. -- a joint venture of China National Offshore Oil Corporation (NASDAQ: CNOOC) and China Potevio Co. -- and Tianneng Power International, Ltd., aimed at speeding up the commercialization and achieving mass adoption of Pure Electronic Vehicles (Pure EVs) in China. Click here for the full report.
Digital Ally, Inc. (NASDAQ: DGLY) 24.9% HIGHER; today announced that, on a preliminary unaudited basis, its revenue for the three months ended December 31, 2009 set a new Company record of over $9.2 million. This represents an increase of approximately 37% when compared with revenue of $6.7 million in the prior-year quarter and an increase of over 61% when compared with revenue of $5.7 million in the third quarter of 2009. The Company's previous quarterly revenue record of $8.9 million was posted in the three-month period ended June 30, 2008. For the year ended December 31, 2009, revenue approximated $26.3 million on a preliminary unaudited basis, versus revenue of approximately $32.6 million in the year ended December 31, 2008. Here is the full report.
Delta Petroleum (Nasdaq: DPTR) 24% HIGHER; this momentum stock seems to be correcting today following several days of downside. Over the last 3 trading sessions, the stock fell more than 15%.
Bank of Ireland (NYSE: IRE) 18.2% HIGHER; reassuring comments from the Irish Finance Minister Brian Lenihan could be boosting the stock today. Irish banks may also be seeing upside giving an Exane BNP Paribas upgrade of RBS.
YRC Worldwide (Nasdaq: YRCW) 14% LOWER; continuing lower this week following a 15% drop on Thursday as the company announced that it has meet its debt-for-equity exchange offer thresholds.
ICX Technologies (Nasdaq: ICXT) 11.6% LOWER; traders are likely taking profits today. Over the last 8 trading sessions, shares of ICXT have risen everyday, adding more than 78% to the stock's value.
Intelli-Check-Mobilisa (AMEX: IDN) 10.2% LOWER; correcting today following 7 straight days of upside. The stock has surged more than 140% over the last two weeks as the anti-terrorism trade has seen some action.
Direxion Daily Emerging Markets Bear 3x ETF (NYSE: EDZ) 8.4% LOWER; this short fund is moving lower today as the index it tracks (MSCI Emerging Markets Index) is moving sharply higher.
MercadoLibre (Nasdaq: MELI) 3.2% LOWER; an analyst at JPMorgan lowered his investment rating on the stock from Overweight to Neutral. The firm maintained its $51 price targ
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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