Unusual 11 Mid-Day Movers 05/18: (NLCI) (SATC) (AERL) Higher; (CWTR) (NOA) (CTRN) Lower
Nobel Learning Communities, Inc. (Nasdaq: NLCI) 32.9% HIGHER; announced Wednesday morning the company has reached a definitive agreement to be acquired by Leeds Equity Partners in a deal valued at about $149 million. Under the terms of the definitive agreement, the Company's stockholders will receive $11.75 in cash for each share of Nobel Learning common stock held.
SatCon (Nasdaq: SATC) 23.6% HIGHER; traders are finally buying the dip following a nearly 22 percent slide over the last three trading sessions. Volume is very heavy.
Asia Entertainment & Resources Ltd. (NASDAQ: AERL) 21.3% HIGHER; successfully opened its newest VIP room at the brand-new Galaxy Macau™ Resort in Cotai through its related promoter company. The company also announced that it has negotiated a HK$200 million line of credit with Galaxy Casino, S.A. which is subject to a formal agreement.
Coldwater Creek (Nasdaq: CWTR) 20.9% LOWER; reports preliminary Q1 loss of $0.32 - $0.34 per share, vs. the consensus of ($0.10). See sales of about $180 million, vs. the consensus of $219.10 million.
North American Energy Partners Inc. (NYSE: NOA) 20.9% LOWER; today announced that it expects to take a writedown of $40 million to $45 million in its financial results for the fiscal year ended March 31, 2011 related to the long-term overburden removal contract between its subsidiary North American Construction Group Inc. and Canadian Natural Resources Limited for the Horizon Oil Sands mine near Fort McMurray, Alberta.
Jaguar Mining (AMEX: JAG) 19.5% HIGHER; reports Q1 EPS of $0.12, ex-items, 4 cents better than the analyst estimate of $0.08.
Citi Trends, Inc. (Nasdaq: CTRN) 19.5% LOWER; reported Q1 EPS of $0.83, 4 cents worse than the analyst estimate of $0.87. Revenue for the quarter came in at $189.2 million versus the consensus estimate of $204.98 million. Comparable store sales decreased 6.9 percent. Sees FY11 EPS of $1.25 - $1.35, versus the consensus of $1.50.
Sky-mobi Limited (Nasdaq: MOBI) 17.9% HIGHER; carrying momentum over from the close yesterday. Volume on the move is strong today, though we're not hearing any specific news. Shares we hampered earlier in the month following a negative research artible from Citron Research, and dropped further following earnings on May 9th. Traders and investors may now believe that shares are fairly valued.
HyperDynamics Corp. (AMEX: HDY) 17.6% HIGHER; AGR Petroleum Services today signed a drilling contract, on behalf of Hyperdynamics Corporation, with Jasper Drilling Private Limited of Singapore to contract the drill ship Jasper Explorer for drilling in Hyperdynamics' concession offshore the Republic of Guinea. The Jasper Explorer is a modern Pelican Class self-propelled drill ship capable of operating in water depths up to 5,000 feet.
Staples, Inc. (Nasdaq: SPLS) 15.9% LOWER; reported Q1 EPS of $0.28, 4 cents worse than the analyst estimate of $0.32. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.19 billion. Sees Q211 EPS of $0.18 - $0.20, versus the consensus of $0.25. Also sees revs growth of flat to slightly positive. Sees FY11 EPS of $1.35 - $1.45, versus the consensus of $1.52. Also sees revs growth in the low single-digits.
Celldex (Nasdaq: CLDX) 13.9% LOWER; prices 10 million shares at $3.15 per share. Sees proceeds of $29.4 million.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
SatCon (Nasdaq: SATC) 23.6% HIGHER; traders are finally buying the dip following a nearly 22 percent slide over the last three trading sessions. Volume is very heavy.
Asia Entertainment & Resources Ltd. (NASDAQ: AERL) 21.3% HIGHER; successfully opened its newest VIP room at the brand-new Galaxy Macau™ Resort in Cotai through its related promoter company. The company also announced that it has negotiated a HK$200 million line of credit with Galaxy Casino, S.A. which is subject to a formal agreement.
Coldwater Creek (Nasdaq: CWTR) 20.9% LOWER; reports preliminary Q1 loss of $0.32 - $0.34 per share, vs. the consensus of ($0.10). See sales of about $180 million, vs. the consensus of $219.10 million.
North American Energy Partners Inc. (NYSE: NOA) 20.9% LOWER; today announced that it expects to take a writedown of $40 million to $45 million in its financial results for the fiscal year ended March 31, 2011 related to the long-term overburden removal contract between its subsidiary North American Construction Group Inc. and Canadian Natural Resources Limited for the Horizon Oil Sands mine near Fort McMurray, Alberta.
Jaguar Mining (AMEX: JAG) 19.5% HIGHER; reports Q1 EPS of $0.12, ex-items, 4 cents better than the analyst estimate of $0.08.
Citi Trends, Inc. (Nasdaq: CTRN) 19.5% LOWER; reported Q1 EPS of $0.83, 4 cents worse than the analyst estimate of $0.87. Revenue for the quarter came in at $189.2 million versus the consensus estimate of $204.98 million. Comparable store sales decreased 6.9 percent. Sees FY11 EPS of $1.25 - $1.35, versus the consensus of $1.50.
Sky-mobi Limited (Nasdaq: MOBI) 17.9% HIGHER; carrying momentum over from the close yesterday. Volume on the move is strong today, though we're not hearing any specific news. Shares we hampered earlier in the month following a negative research artible from Citron Research, and dropped further following earnings on May 9th. Traders and investors may now believe that shares are fairly valued.
HyperDynamics Corp. (AMEX: HDY) 17.6% HIGHER; AGR Petroleum Services today signed a drilling contract, on behalf of Hyperdynamics Corporation, with Jasper Drilling Private Limited of Singapore to contract the drill ship Jasper Explorer for drilling in Hyperdynamics' concession offshore the Republic of Guinea. The Jasper Explorer is a modern Pelican Class self-propelled drill ship capable of operating in water depths up to 5,000 feet.
Staples, Inc. (Nasdaq: SPLS) 15.9% LOWER; reported Q1 EPS of $0.28, 4 cents worse than the analyst estimate of $0.32. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.19 billion. Sees Q211 EPS of $0.18 - $0.20, versus the consensus of $0.25. Also sees revs growth of flat to slightly positive. Sees FY11 EPS of $1.35 - $1.45, versus the consensus of $1.52. Also sees revs growth in the low single-digits.
Celldex (Nasdaq: CLDX) 13.9% LOWER; prices 10 million shares at $3.15 per share. Sees proceeds of $29.4 million.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
You May Also Be Interested In
- UPDATE: NetApp, Inc. (NTAP) Tops Q4 EPS by 3c; Guides Q1 Lower
- UPDATE: Global Hunter Securities Starts Kosmos Energy (KOS) at Buy; High Risk, High Reward
- UPDATE: Ralph Lauren Corp (RL) Reports Solid Q4 Results; Guides FY13 Sales
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Citi, Citron Research, Unusual 11 Mid-Day Movers, Earnings, Nobel Learning Communities, Inc./Leeds Equity PartnersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
