Unusual 11 Mid-Day Movers 01/24: CLDA, OCCF, NVGN, SSCC, RNN, GXDX Higher; APP, WHX, RSH, ONSM, GENE Lower
Clinical Data, Inc. (Nasdaq: CLDA) 56.3% HIGHER; announced that their vilazodone HCl tablets, to be marketed under the brand name Viibryd, has been approved by the U.S. FDA.
Optical Cable Corp (Nasdaq: OCCF) 35.4% HIGHER; reported Q4 EPS of $0.23, versus $0.01 last year. Revenue for the quarter came in at $18.5 million, versus $14.1 million last year.
Novagen (Nasdaq: NVGN) 34.8% HIGHER; continuing higher this week; the stock didn't close in the red last week, rising 74% over the four trading sessions.
Smurfit-Stone Container Corp. (NYSE: SSCC) 27.3% HIGHER; RockTenn (NYSE: RKT) announced on Sunday that it has agreed to acquire the company for $3.5 billion in cash and stock. The packaging manufacturer will buy Smurfit-Stone for $35 per share, representing a 27 percent premium over the closing price of the stock on Friday of $27.52. SSCC also reported Q4 EPS of $0.62, $0.02 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.63 million versus the consensus estimate of $1.67 billion.
Rexahn Pharma (AMEX: RNN) 25.9% HIGHER; traders may be buying the stock today following a bullish article at SeekingAlpha over the weekend.
Genoptix, Inc. (Nasdaq: GXDX) 25.8% HIGHER; agreed to be acquired by Novartis (NYSE: NVS) for $25.00 per share in cash, or a total equity value of approximately $470 million.
American Apparel (AMEX: APP) 15.5% LOWER; downside in the stock intensified over just the last hour of trading. Shares of APP have not closed in positive territory since January 5. The stock is down more than 43% since that day. Traders seem to be betting on a bankruptcy.
Whiting USA Trust (NYSE: WHX) 15.3% LOWER; the stock has tumbled following a negative report from Citron Research.
RadioShack (NYSE: RSH) 11.5% LOWER; says Julian Day to retire from his Chairman and CEO positions. The company will now separate its Chairman and CEO roles. James Gooch, currently CFO, will become RadioShack's President immediately and CEO upon Day's retirement. Daniel Feehan will become RadioShack's Chairman. Issues preliminary Q4 numbers: EPS of 50-54c on sales of $1.37 billion. The Street is currently looking for Q4 EPS of 67c on sales of $1.36 billion.
Onstream Media Corp. (Nasdaq: ONSM) 10.7% LOWER; announced the award of 983,400 four-year options under the provisions of the 2007 Equity Incentive Plan, which Plan was first approved by our shareholders on September 18, 2007 and amended by them on March 25, 2010.
Genetic Technologies (Nasdaq: GENE) 8.6% LOWER; correcting today following a nearly 40% rally last week. The stock has pushed below a resistance level at $4 today.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Optical Cable Corp (Nasdaq: OCCF) 35.4% HIGHER; reported Q4 EPS of $0.23, versus $0.01 last year. Revenue for the quarter came in at $18.5 million, versus $14.1 million last year.
Novagen (Nasdaq: NVGN) 34.8% HIGHER; continuing higher this week; the stock didn't close in the red last week, rising 74% over the four trading sessions.
Smurfit-Stone Container Corp. (NYSE: SSCC) 27.3% HIGHER; RockTenn (NYSE: RKT) announced on Sunday that it has agreed to acquire the company for $3.5 billion in cash and stock. The packaging manufacturer will buy Smurfit-Stone for $35 per share, representing a 27 percent premium over the closing price of the stock on Friday of $27.52. SSCC also reported Q4 EPS of $0.62, $0.02 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.63 million versus the consensus estimate of $1.67 billion.
Rexahn Pharma (AMEX: RNN) 25.9% HIGHER; traders may be buying the stock today following a bullish article at SeekingAlpha over the weekend.
Genoptix, Inc. (Nasdaq: GXDX) 25.8% HIGHER; agreed to be acquired by Novartis (NYSE: NVS) for $25.00 per share in cash, or a total equity value of approximately $470 million.
American Apparel (AMEX: APP) 15.5% LOWER; downside in the stock intensified over just the last hour of trading. Shares of APP have not closed in positive territory since January 5. The stock is down more than 43% since that day. Traders seem to be betting on a bankruptcy.
Whiting USA Trust (NYSE: WHX) 15.3% LOWER; the stock has tumbled following a negative report from Citron Research.
RadioShack (NYSE: RSH) 11.5% LOWER; says Julian Day to retire from his Chairman and CEO positions. The company will now separate its Chairman and CEO roles. James Gooch, currently CFO, will become RadioShack's President immediately and CEO upon Day's retirement. Daniel Feehan will become RadioShack's Chairman. Issues preliminary Q4 numbers: EPS of 50-54c on sales of $1.37 billion. The Street is currently looking for Q4 EPS of 67c on sales of $1.36 billion.
Onstream Media Corp. (Nasdaq: ONSM) 10.7% LOWER; announced the award of 983,400 four-year options under the provisions of the 2007 Equity Incentive Plan, which Plan was first approved by our shareholders on September 18, 2007 and amended by them on March 25, 2010.
Genetic Technologies (Nasdaq: GENE) 8.6% LOWER; correcting today following a nearly 40% rally last week. The stock has pushed below a resistance level at $4 today.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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