Unusual 11 Mid-Day Movers 01/23: (MAPP) (CREE) (THLD) Higher; (STRI) (SMCI) (COH) Lower

January 23, 2013 1:02 PM EST Send to a Friend
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MAP Pharmaceuticals, Inc. (Nasdaq: MAPP) 58.5% HIGHER; Allergan, Inc. (NYSE: AGN) will acquire MAP for $25 per share.

STR Holdings, Inc. (NYSE: STRI) 24.5% LOWER; announced its largest customer, First Solar (Nasdaq: FSLR), terminated its relationship with STR.

Cree, Inc. (Nasdaq: CREE) 19.5% HIGHER; reported Q2 EPS of $0.32, $0.02 better than the analyst estimate of $0.30. Revenue for the quarter came in at $346.3 million versus the consensus estimate of $331.2 million. The company sees Q3 2013 EPS of $0.30-$0.35, versus the consensus of $0.28 and revenue of $325-$345 million, versus the consensus of $322.5 million.

Threshold Pharmaceuticals Inc. (Nasdaq: THLD) 16.7% HIGHER; gaining on Celgene's (Nasdaq: CELG) Abraxane Phase III update Tuesday night.

Daqo New Energy Corp. (NYSE: DQ) 16.7% HIGHER; said the New York Stock Exchange has contacted the Company in accordance with its usual practice; Daqo New Energy stated that its policy is not to comment on unusual market activity or speculative matters.

Super Micro Computer, Inc. (Nasdaq: SMCI) 15.5% LOWER; reported Q2 EPS of $0.11, $0.03 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $291.5 million versus the consensus estimate of $280.13 million. Sees FY2013 EPS of $0.17-$0.21, versus the consensus of $0.15 and revenue of $275-$295 million, versus the consensus of $269.82 million.

Coach, Inc. (NYSE: COH) 15.3% LOWER; reported Q2 EPS of $1.23, compared to estimates of $1,29. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.6 billion. Coach earnings we out early sending shares lower in pre-market. Q2 N.A. comps fell 2%. For more color, click here.

Star Scientific, Inc. (Nasdaq: STSI) 14.8% LOWER; John Joseph McKeon disclosed a larger 14,473,000 share stake in the company, or 8.7 percent of total outstanding shares. His prior stake was 13,673,454, or 8.2 percent. There's also chatter floating that Star Scientific isn't in a collaboration with Johns Hopkins for its anatabine supplement, despite the firm saying so in the past.

Silicom Ltd (Nasdaq: SILC) 14.4% HIGHER; reported Q4 EPS of $0.49, versus $0.36 reported last year. Revenue for the quarter came in at $16.7 million, versus $11.1 million reported last year.

Numerex Corp (Nasdaq: NMRX) 14.3% LOWER; announced the pricing of an underwritten public offering of 2,315,000 shares of its common stock at a price to the public of $11.25 per share.

EZcorp, Inc. (Nasdaq: EZPW) 12.4% HIGHER; reported Q1 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $277.1 million versus the consensus estimate of $266.75 million. Reaffirmed FY2013 guidance.

Uranium Resources, Inc. (Nasdaq: URRE) 12.0% LOWER; issued an update on recent activity via an 8-K SEC filing late Tuesday night. For more color, click here.

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