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Unusual 11 Mid-Day Movers 01/11: (UPIP) (KGJI) (INFY) Higher; (ARQL) (BV) (FARO) Lower

January 11, 2013 12:56 PM EST Send to a Friend
Unwired Planet, Inc. (Nasdaq: UPIP) 31.3% HIGHER; announced that it has entered into a patent purchase agreement with Ericsson (Nasdaq: ERIC) whereby Ericsson will transfer to Unwired Planet 2,185 issued US and international patents and patent applications.

Kingold Jewelry, Inc. (Nasdaq: KGJI) 20.0% HIGHER; announced that the Company has entered into a Subscription Agreement with three individuals providing for the sale of seven million shares of its common stock at a price of $1.80 per share for gross proceeds of $12.6 million.

Infosys Technologies Ltd (NYSE: INFY) 17.3% HIGHER; reported Q3 EPADS of $0.76, $0.04 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.91 billion versus the consensus estimate of $1.86 billion. Sees FY2013 EPS of $2.97, versus the consensus of $2.95 and revenue of $7.45 billion, versus the consensus of $7.32 billion.

ArQule, Inc. (Nasdaq: ARQL) 15.1% LOWER; reported that tivantinib Phase 2 missed its primary endpoint. Click here for more color.

Dendreon (Nasdaq: DNDN) 14.8% HIGHER; Bernstein upgraded Dendreon from Market Perform to Outperform, moving its price target from $7 up to $10 in the process. (Nasdaq: REDF) 13.8% HIGHER; getting a boost from Infosys results today.

Best Buy Co., Inc. (NYSE: BBY) 12.6% HIGHER; reported a 1.4 percent drop in comps for he nine-weeks ended December 31, 2012, besting many Wall Street views. For more color on the numbers, click here.

Bazaarvoice, Inc. (Nasdaq: BV) 11.5% LOWER; the U.S. Department of Justice (DOJ) filed antitrust action regarding Bazaarvoice's acquisition of PowerReviews. For a response from the company, click here.

FARO Technologies, Inc. (Nasdaq: FARO) 9.5% LOWER; announced termination of David Morse, Senior Vice President and Managing Director for the Americas Region. Separation terms weren't finalized.

Century Aluminum (Nasdaq: CENX) 9.1% LOWER; seeing a little extra pressure as it moves back below the $9 level. Shares gapped above that level following passage of fiscal cliff measures at the start of 2013.

KBR Inc. (NYSE: KBR) 8.5% LOWER; issued an update on FY12 EPS, which came in-line with views, but FY13 EPS expectations were lower than the consensus.

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