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Unusual 11 Mid-Day Movers 01/16: (NVTL) (HPTX) (CBK) Higher; (TELK) (IRWD) (GDOT) Lower

January 16, 2013 1:04 PM EST Send to a Friend
Novatel Wireless Inc. (Nasdaq: NVTL) 18.3% HIGHER; Containing higher today after Bruce Karsh disclosed holding 3 million voting shares, or about 9.1 percent of total outstanding stock on Tuesday.

Hyperion Therapeutics, Inc. (Nasdaq: HPTX) 14.8% HIGHER; said that the U.S. Food and Drug Administration (FDA) has advised the Company not to expect a final action by the Prescription Drug User Fee Act (PDUFA) action date of January 23, 2013. The agency explained it is continuing to work on label and post-marketing requirements in connection with Hyperion's New Drug Application (NDA) for Ravicti (glycerol phenylbutyrate) for the treatment of Urea Cycle Disorders (UCD).

Christopher & Banks Corporation (NYSE: CBK) 14.3% HIGHER; announced that, based upon sales to-date, the Company now expects to report a comparable store sales increase in the high teens for the fourth fiscal quarter as compared to the Company’s previous guidance of a comparable store sales increase in the high single to low double digits. The Company also announced that it expects cash and cash equivalents at the end of the fourth fiscal quarter (February 2, 2013) to be in the range of $37 million to $38 million.

Kingold Jewelry, Inc. (Nasdaq: KGJI) 11.3% HIGHER; announced that the Company has signed a Gold Leasing Agreement with China Construction Bank's Wuhan Jiang'An branch. The Agreement is similar to a revolving credit line, with CCB providing Kingold a reusable credit line of up to RMB250 million (approximately US$40.2 million)

Genworth Financial, Inc. (NYSE: GNW) 9.9% HIGHER; announced a comprehensive U.S. Mortgage Insurance capital plan that, when implemented, will reduce Genworth Mortgage Insurance Company's (GMICO), the company's main U.S. mortgage insurance subsidiary, risk-to-capital by 12 to 15 points, decrease the likelihood that the U.S. mortgage insurance subsidiaries will require additional capital for the foreseeable future, ensure the continued ability to write new business and reduce the risk of a default under the indenture governing Genworth's senior notes.

Five Below, Inc. (Nasdaq: FIVE) 9.9% HIGHER; updated previously communicated fourth quarter sales and earnings guidance based on quarter-to-date results for the period from October 28, 2012 through January 12, 2013. Click here for more color.

Telik, Inc. (Nasdaq: TELK) 9.6% LOWER; pulling back after moving over 100 percent higher last Friday on positive FDA news for its product candidate, ezatiostat HCL (Telintra).

Ironwood Pharmaceuticals (Nasdaq: IRWD) 8.2% LOWER; UBS slapped a Sell rating on Ironwood.

Green Dot (NYSE: GDOT) 8.0% LOWER; SunTrust Robinson Humphrey downgraded the stock from Neutral to Reduce today.

Zalicus Inc. (Nasdaq: ZLCS) 7.5% LOWER; could be moving lower on a Seeking Alpha artile today, questioning management's motives.

Crocs, Inc. (Nasdaq: CROX) 7.5% LOWER; reiterated its fourth quarter guidance ahead of the ICR Xchange Conference. The Company's current expectation that revenue for the quarter ended December 31, 2012 will be in line with previous guidance of $220 million. The consensus is $219.4 million.

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