Unusual 11 Mid-Day Movers 01/15: BARE, PFSW, PEIX, FNET Higher; COOL, FALC, ASYS, AXAS Lower
Bare Escentuals, Inc. (NASDAQ: BARE) 42.1% HIGHER; agreed to be acquired by Shiseido Co., Ltd. for $18.20 per share, or $1.7 billion, in cash. Click here to see our full report.
PFSweb, Inc. (NASDAQ: PFSW) 40.6% HIGHER; The Procter & Gamble Company (NYSE: PG) and e-commerce services leader PFSweb will begin piloting an online store this month. Named the eStore, the online shopping site will be owned and operated by PFSweb and exclusively feature P&G products to consumers in the U.S. The eStore is planned to launch this spring, following a pilot of the site with 5,000 consumers that will begin in the coming weeks.
Pacific Ethanol, Inc. (Nasdaq: PEIX) 34.1% HIGHER; after falling two straight sessions, Pacific Ethanol is back on its momentum role. Shares are up 25% today. Today's move could be short covering. Shares are up 150% since announcing it is resuming production at its 60 million gallon per year Magic Valley facility located in Burley, Idaho on January 7th.
FortuNet, Inc. (NASDAQ: FNET) 31% HIGHER; The Yuri Itkis Gaming Trust of 1993 announced today that it has commenced a tender offer to purchase all of the outstanding shares of FortuNet Common Stock of not already owned by the Trust for $2.25 in cash per share. The increased offer price represents a 32% increase over the originally announced price of $1.70 per share, a premium of approximately 76% over the closing price of the shares on November 20, 2009, the last full trading day prior to the first public announcement of the Trust's intended offer, and a premium of approximately 69% above the average closing price of the shares for the 20 trading days immediately preceding November 20, 2009.
InfoSonics (Nasdaq: IFON) 26.7% HIGHER; shares are bouncing sharply today after falling as much as 23% from recent highs set on January 7. Volume is very heavy today.
Majesco Entertainment Co. (NASDAQ: COOL) 23.5% LOWER; reports Q4 adj-loss of $0.16, which does not compare to the analyst estimate of $0.11. Revenue for the quarter was $23.9 million, which compares to the estimate of $17.85 million. Sees FY10 sales of $80 million and adj-EPS of about $0.05. The Street is currently looking for annual sales of $100 million on EPS of $0.21.
GSC Investment Corp (NYSE: GNV) 20.1% HIGHER; reports Q3 EPS of $0.10, 1 cent better than estimates. Net asset value was $3.80 per share as of November 30, 2009 as compared to $6.91 per share as of August 31, 2009.
FalconStor Software (Nasdaq: FALC) 19.8% LOWER; sees a Q4 adj-loss of $0.02-$0.03 on sales of $21.5-$22 million. The Street is currently looking for quarterly EPS of $0.07 on sales of $26.65 million. The stock was also downgraded to Hold at Nobel Financial.
Amtech Systems (Nasdaq: ASYS) 11.2% LOWER; shares fell 4% yesterday and downside momentum continues today. The stock rallied more than 22% on Wednesday of this week amid news of $59 million in orders for Q110.
Abraxas Petroleum (Nasdaq: AXAS) 10.5% LOWER; traders are likely taking profits today as the stock hit a new 52-week high yesterday.
Vantage Drilling Company (AMEX: VTG) 9.6% LOWER; announced today that it intends to offer, subject to market and other conditions, 27,100,000 of its ordinary shares. In connection with this offering, Vantage will grant the underwriters an option to purchase 4,065,000 additional ordinary shares to cover any over-allotments. Vantage intends to use proceeds from this offering for working capital and for general corporate purposes.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
PFSweb, Inc. (NASDAQ: PFSW) 40.6% HIGHER; The Procter & Gamble Company (NYSE: PG) and e-commerce services leader PFSweb will begin piloting an online store this month. Named the eStore, the online shopping site will be owned and operated by PFSweb and exclusively feature P&G products to consumers in the U.S. The eStore is planned to launch this spring, following a pilot of the site with 5,000 consumers that will begin in the coming weeks.
Pacific Ethanol, Inc. (Nasdaq: PEIX) 34.1% HIGHER; after falling two straight sessions, Pacific Ethanol is back on its momentum role. Shares are up 25% today. Today's move could be short covering. Shares are up 150% since announcing it is resuming production at its 60 million gallon per year Magic Valley facility located in Burley, Idaho on January 7th.
FortuNet, Inc. (NASDAQ: FNET) 31% HIGHER; The Yuri Itkis Gaming Trust of 1993 announced today that it has commenced a tender offer to purchase all of the outstanding shares of FortuNet Common Stock of not already owned by the Trust for $2.25 in cash per share. The increased offer price represents a 32% increase over the originally announced price of $1.70 per share, a premium of approximately 76% over the closing price of the shares on November 20, 2009, the last full trading day prior to the first public announcement of the Trust's intended offer, and a premium of approximately 69% above the average closing price of the shares for the 20 trading days immediately preceding November 20, 2009.
InfoSonics (Nasdaq: IFON) 26.7% HIGHER; shares are bouncing sharply today after falling as much as 23% from recent highs set on January 7. Volume is very heavy today.
Majesco Entertainment Co. (NASDAQ: COOL) 23.5% LOWER; reports Q4 adj-loss of $0.16, which does not compare to the analyst estimate of $0.11. Revenue for the quarter was $23.9 million, which compares to the estimate of $17.85 million. Sees FY10 sales of $80 million and adj-EPS of about $0.05. The Street is currently looking for annual sales of $100 million on EPS of $0.21.
GSC Investment Corp (NYSE: GNV) 20.1% HIGHER; reports Q3 EPS of $0.10, 1 cent better than estimates. Net asset value was $3.80 per share as of November 30, 2009 as compared to $6.91 per share as of August 31, 2009.
FalconStor Software (Nasdaq: FALC) 19.8% LOWER; sees a Q4 adj-loss of $0.02-$0.03 on sales of $21.5-$22 million. The Street is currently looking for quarterly EPS of $0.07 on sales of $26.65 million. The stock was also downgraded to Hold at Nobel Financial.
Amtech Systems (Nasdaq: ASYS) 11.2% LOWER; shares fell 4% yesterday and downside momentum continues today. The stock rallied more than 22% on Wednesday of this week amid news of $59 million in orders for Q110.
Abraxas Petroleum (Nasdaq: AXAS) 10.5% LOWER; traders are likely taking profits today as the stock hit a new 52-week high yesterday.
Vantage Drilling Company (AMEX: VTG) 9.6% LOWER; announced today that it intends to offer, subject to market and other conditions, 27,100,000 of its ordinary shares. In connection with this offering, Vantage will grant the underwriters an option to purchase 4,065,000 additional ordinary shares to cover any over-allotments. Vantage intends to use proceeds from this offering for working capital and for general corporate purposes.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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