Unusual 11 Mid-Day Movers 06/25: (JAX) (ALSK) (BIOL) Higher; (VTUS) (GEOY) (MNTA) Lower
Tweet Send to a Friend
Up)
Ventrus Biosciences, Inc. (Nasdaq: VTUS) 59.3% LOWER; today reported that its Phase 3, randomized, double-blind, placebo-controlled clinical trial of iferanserin (VEN 309) in patients with hemorrhoidal disease did not meet its endpoints. Click here to see the full report.
GeoEye, Inc. (Nasdaq: GEOY) 24.7% LOWER; a disclosure late Friday about funding cuts from the National Geospatial Intelligence Agency are weighing this morning. Click here to see the full report. Benchmark and Raymond James also downgraded the stock.
Momenta Pharmaceuticals, Inc. (Nasdaq: MNTA) 21.6% LOWER; Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced today the U.S. District Court for the Southern District of New York has found in favor of Teva in the Company’s patent infringement lawsuit against Momenta/Sandoz and Mylan Laboratories Inc. (Nasdaq: MYL)/Natco Pharmaceuticals regarding Teva’s relapsing-remitting multiple sclerosis (RRMS) product, COPAXONE.
Ambient (Nasdaq: AMBT) 19.3% LOWER; traders selling today as the stock was added to the Russell 3000 index.
J. Alexander's Corporation (Nasdaq: JAX) 16.8% HIGHER; Fidelity National Financial, Inc. (NYSE: FNF) today announced the signing of a definitive agreement to merge J. Alexander's with a subsidiary of American Blue Ribbon Holdings, Inc., a newly formed, majority owned subsidiary of FNF, in a transaction which values the equity of J. Alexander's at approximately $72 million.
Alaska Communications (Nasdaq: ALSK) 16.7% HIGHER; broke out this morning after the 50-day SMA moved above the 200-day SMA. Some resistance at $2.50 was seen. With the move off this level just ahead of 1:30pm ET, the stock is now back below the 50-day SMA.
BIOLASE (Nasdaq: BIOL) 16.2% HIGHER; shares fell nearly 18 percent last week after pushing below several technical indicators. Following a response from the company there is "no fundamental reason for the recent decline in stock price" late on Friday, traders are dipping a toe in today.
Amyris (Nasdaq: AMRS) 13.4% HIGHER; holding above the $3 level which was breached on Monday of last week, and now above $3.50.
Pioneer Drilling Company, Inc. (AMEX: PDC) 13.1% LOWER; said it now expects revenue growth in the Production Services Division to be at the low end of estimate of approximately 5% to 10%. Margin as a percentage of revenues in that division is now expected to be 40% to 42%, compared to the previous guidance of being flat with the first quarter margin of 43.6%. In the Drilling Services Division, we now expect average drilling rig utilization in the second quarter to be at the low end of previous guidance of 89% to 91%. Also expect Drilling Services margin to be $7,600 to $8,000 per day, compared to previous guidance of approximately $8,000 to $8,300 per day.
Alexza Pharma (Nasdaq: ALXA) 12.9% HIGHER; pushed over the $4 level today after jumping nearly 45 percent yesterday.
Synta Pharma (Nasdaq: SNTA) 12.8% HIGHER; stock continuing higher as traders are buying ahead of data on its ganetespib for lung cancer. The stock was up more than 22 percent last week. A Jefferies analyst this morning doubled his price target on Synta shares to $14.
ATP Oil & Gas (Nasdaq: ATPG) 11.9% LOWER; continuing lower as crude oil plunges. "Black gold" trading on the NYMEX is now flirting with the $79 per barrel level. Shares of ATP plunged nearly 30 percent last week.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
GeoEye, Inc. (Nasdaq: GEOY) 24.7% LOWER; a disclosure late Friday about funding cuts from the National Geospatial Intelligence Agency are weighing this morning. Click here to see the full report. Benchmark and Raymond James also downgraded the stock.
Momenta Pharmaceuticals, Inc. (Nasdaq: MNTA) 21.6% LOWER; Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced today the U.S. District Court for the Southern District of New York has found in favor of Teva in the Company’s patent infringement lawsuit against Momenta/Sandoz and Mylan Laboratories Inc. (Nasdaq: MYL)/Natco Pharmaceuticals regarding Teva’s relapsing-remitting multiple sclerosis (RRMS) product, COPAXONE.
Ambient (Nasdaq: AMBT) 19.3% LOWER; traders selling today as the stock was added to the Russell 3000 index.
J. Alexander's Corporation (Nasdaq: JAX) 16.8% HIGHER; Fidelity National Financial, Inc. (NYSE: FNF) today announced the signing of a definitive agreement to merge J. Alexander's with a subsidiary of American Blue Ribbon Holdings, Inc., a newly formed, majority owned subsidiary of FNF, in a transaction which values the equity of J. Alexander's at approximately $72 million.
Alaska Communications (Nasdaq: ALSK) 16.7% HIGHER; broke out this morning after the 50-day SMA moved above the 200-day SMA. Some resistance at $2.50 was seen. With the move off this level just ahead of 1:30pm ET, the stock is now back below the 50-day SMA.
BIOLASE (Nasdaq: BIOL) 16.2% HIGHER; shares fell nearly 18 percent last week after pushing below several technical indicators. Following a response from the company there is "no fundamental reason for the recent decline in stock price" late on Friday, traders are dipping a toe in today.
Amyris (Nasdaq: AMRS) 13.4% HIGHER; holding above the $3 level which was breached on Monday of last week, and now above $3.50.
Pioneer Drilling Company, Inc. (AMEX: PDC) 13.1% LOWER; said it now expects revenue growth in the Production Services Division to be at the low end of estimate of approximately 5% to 10%. Margin as a percentage of revenues in that division is now expected to be 40% to 42%, compared to the previous guidance of being flat with the first quarter margin of 43.6%. In the Drilling Services Division, we now expect average drilling rig utilization in the second quarter to be at the low end of previous guidance of 89% to 91%. Also expect Drilling Services margin to be $7,600 to $8,000 per day, compared to previous guidance of approximately $8,000 to $8,300 per day.
Alexza Pharma (Nasdaq: ALXA) 12.9% HIGHER; pushed over the $4 level today after jumping nearly 45 percent yesterday.
Synta Pharma (Nasdaq: SNTA) 12.8% HIGHER; stock continuing higher as traders are buying ahead of data on its ganetespib for lung cancer. The stock was up more than 22 percent last week. A Jefferies analyst this morning doubled his price target on Synta shares to $14.
ATP Oil & Gas (Nasdaq: ATPG) 11.9% LOWER; continuing lower as crude oil plunges. "Black gold" trading on the NYMEX is now flirting with the $79 per barrel level. Shares of ATP plunged nearly 30 percent last week.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Trading Radar for 05/20: Campbell Soup (CPB), TiVo (TIVO), Qihoo (QIHU), JA Solar (JASO) Report
- Notable Mergers and Acquisitions of the Day 05/16: (DDR) (BRC) (MLNX)
- Top 10 News for 05/13 - 05/17: Tesla Can't be Stopped; Tepper Still Bullish; Sony Gets in Play
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Raymond James, Jefferies & Co, Crude Oil, Unusual 11 Mid-Day Movers
Login with Facebook
Sign 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!
