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Unusual 11 Mid-Day Movers 06/14: (NBG) (GMO) (JASO) Higher; (NOK) (EGT) (LSCC) Lower

June 14, 2012 12:58 PM EDT Send to a Friend
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National Bank of Greece (NYSE: NBG) 30.1% HIGHER; traders are using the stock as a play on Greece ahead of the company's elections. Early indications suggest a new democracy could win the top spot.

General Moly, Inc. (NYSE: GMO) 20.6% HIGHER; today announced that a Nevada State District Court issued its Order affirming the Nevada State Engineer's Ruling of July 2011 approving the Mt. Hope Project's water rights and the NSE's December 2011 and January 2012 issuance of water permits for the Mt. Hope Project.

JA Solar Holdings Co., Ltd. (Nasdaq: JASO) 18.4% HIGHER; has approved a share repurchase program, effective immediately, that authorizes JA Solar to repurchase up to a US$100 million worth of its issued and outstanding American Depositary Shares prior to September 30, 2012.

Entertainment Gaming Asia (AMEX: EGT) 17.1% LOWER; continuing lower following a 9 percent decline yesterday and a 5 percent decline on Monday.

Genetic Technologies (Nasdaq: GENE) 15.0% HIGHER; a report published in the American Journal of Human Genetics suggested genome screens on healthy people may offer key hints about their risks of cancer. Rosetta (Nasdaq: ROSG) and Complete Genome (Nasdaq: GNOM) are also sharply higher today. Click here to see the full report.

Nokia (NYSE: NOK) 14.4% LOWER; to streamline operations, will cut 10,000 jobs, names New Marketing Chief and sees continued devices and services pressure. Click here to see the full report.

Lattice Semiconductor Corporation (Nasdaq: LSCC) 13.4% LOWER; Q2 revenue is now expected to be approximately flat to down 3% on a sequential basis, versus prior guidance of approximately flat to up 4%. Gross margin percentage is expected to be approximately 51% plus or minus 1%. This compares with prior guidance for gross margin to be to approximately 55% plus or minus 1%.

USEC Inc. (NYSE: USU) 13.3% HIGHER; continuing higher from a 25 percent gain Wednesday after saying it signed agreements with the Department of Energy to move forward with a $350 million cooperative research, development and demonstration (RD&D) program to confirm the technical readiness of the American Centrifuge, the next-generation U.S. uranium enrichment technology.

Aegerion Pharma (Nasdaq: AEGR) 12.3% LOWER; prices its public offering of 3.4 million shares at $14.75 per share. Net proceeds will be $47.3 million.

International Game Technology (NYSE: IGT) 11.0% HIGHER; today announced that its Board of Directors has authorized a new share repurchase program of up to $1 billion of the Company's outstanding common stock. Additionally, the Company has entered into an accelerated stock buyback agreement with Goldman, Sachs & Co., under which it will repurchase approximately $400 million of its common stock.

Credit Suisse (NYSE: CS) 9.5% LOWER; shares are under heavy pressure after the The Swiss National Bank (SNB) urged the bank to raise capital to shield itself from the crisis in the euruzone. The SNB wrote in its annual financial stability report that given the low starting point and risks in the environment, it is essential that the bank expand its loss-absorbing capital this year.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.




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