Unusual 11 Mid-Day Movers 06/28: RDCM, GBNK, OREX, ERII, IDN, IDT Higher; EPCT, GFC, CWLZ, ISLE, RNN Lower
Up)
EpiCept Corporation (Nasdaq: EPCT) 36.4% LOWER; announced today that it entered into definitive agreements for the purchase of approximately 6.1 million shares of its common stock at $1.10 per share, five year warrants to purchase up to approximately 4.6 million shares of common stock at an exercise price of $1.57 per share exercisable beginning December 30, 2010 and one year warrants to purchase up to approximately 6.1 million shares of common stock at an exercise price of $1.57 per share exercisable beginning December 30, 2010. The company also has the right to call the short-term warrants if the stock trades at or above $2 per share for 20 consecutive trading days.
RADCOM (Nasdaq: RDCM) 26.2% HIGHER; looks like it is breaking above a resistance level around $5. Volume is already at 62,000 shares, which compares to the stock's average daily volume of just 18,000 shares.
GEROVA Financial Group, Ltd. (AMEX: GFC) 21.1% LOWER; shares are continuing lower after a brief selloff last Friday, when the company announced that they would be joining the Russell 3000 Index.
Cowlitz Bancorp (Nasdaq: CWLZ) 20.4% LOWER; continuing to correct today following a nearly 54% surge on Thursday of last week.
Guaranty Bancorp (Nasdaq: GBNK) 17.9% HIGHER; getting back to a $1.25 support level after falling 13% late last Friday. Guaranty Bank has also shown some support at the $1.37 level over the last two weeks.
Orexigen Therapeutics, Inc. (Nasdaq: OREX) 15.2% HIGHER; today announced results from a 24-week open-label study demonstrating that treatment with Contrave® resulted in significant improvements in depressive symptoms that was accompanied by weight loss and improved control of eating in overweight and obese patients with major depression.
Energy Recovery (Nasdaq: ERII) 15.5% HIGHER; breaking above the $4 level today. Volume is very heavy.
IDT Corporation (NYSE: IDT) 14% HIGHER; CEO Howard Jonas highlighted the company's shale operations on CNBC this morning.
Isle of Capri Casinos, Inc. (Nasdaq: ISLE) 11.9% LOWER; today announced that it has commenced an offering of 9,000,000 shares of its common stock in an underwritten public offering. The Company intends to grant the underwriters of the offering an option for 30 days to purchase up to 1,350,000 additional shares of common stock to cover over-allotments, if any.
Intellicheck Mobilisa, Inc. (AMEX: IDN) 11.7% HIGHER; New York Senator Charles E. Schumer is conducting a meeting from the company's New York office urging additional funding from US Department of Homeland Security for increased security measures at New York City area airports.
Rexahn Pharmaceuticals, Inc. (AMEX: RNN) 9.9% LOWER; announced it has received commitments from certain institutional investors to purchase an aggregate of $10 million of Rexahn’s securities in a registered direct offering. Rexahn expects to receive net proceeds of approximately $9.45 million after deducting placement agent fees and other offering expenses.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
RADCOM (Nasdaq: RDCM) 26.2% HIGHER; looks like it is breaking above a resistance level around $5. Volume is already at 62,000 shares, which compares to the stock's average daily volume of just 18,000 shares.
GEROVA Financial Group, Ltd. (AMEX: GFC) 21.1% LOWER; shares are continuing lower after a brief selloff last Friday, when the company announced that they would be joining the Russell 3000 Index.
Cowlitz Bancorp (Nasdaq: CWLZ) 20.4% LOWER; continuing to correct today following a nearly 54% surge on Thursday of last week.
Guaranty Bancorp (Nasdaq: GBNK) 17.9% HIGHER; getting back to a $1.25 support level after falling 13% late last Friday. Guaranty Bank has also shown some support at the $1.37 level over the last two weeks.
Orexigen Therapeutics, Inc. (Nasdaq: OREX) 15.2% HIGHER; today announced results from a 24-week open-label study demonstrating that treatment with Contrave® resulted in significant improvements in depressive symptoms that was accompanied by weight loss and improved control of eating in overweight and obese patients with major depression.
Energy Recovery (Nasdaq: ERII) 15.5% HIGHER; breaking above the $4 level today. Volume is very heavy.
IDT Corporation (NYSE: IDT) 14% HIGHER; CEO Howard Jonas highlighted the company's shale operations on CNBC this morning.
Isle of Capri Casinos, Inc. (Nasdaq: ISLE) 11.9% LOWER; today announced that it has commenced an offering of 9,000,000 shares of its common stock in an underwritten public offering. The Company intends to grant the underwriters of the offering an option for 30 days to purchase up to 1,350,000 additional shares of common stock to cover over-allotments, if any.
Intellicheck Mobilisa, Inc. (AMEX: IDN) 11.7% HIGHER; New York Senator Charles E. Schumer is conducting a meeting from the company's New York office urging additional funding from US Department of Homeland Security for increased security measures at New York City area airports.
Rexahn Pharmaceuticals, Inc. (AMEX: RNN) 9.9% LOWER; announced it has received commitments from certain institutional investors to purchase an aggregate of $10 million of Rexahn’s securities in a registered direct offering. Rexahn expects to receive net proceeds of approximately $9.45 million after deducting placement agent fees and other offering expenses.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
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