Unusual 11 Mid-Day Movers 07/15: (HK) (IRE) (LAS) Higher; (ECYT) (PPHM) (DCTH) Lower

July 15, 2011 1:43 PM EDT Send to a Friend
Petrohawk Energy Corp. (NYSE: HK) 62.5% HIGHER; BHP Billiton (NYSE: BHP) announced a deal Thursday evening to acquire for $12.1 billion in cash, or $38.75 per share.

The Bank of Ireland (NYSE: IRE) 41.0% HIGHER; ripping higher following European bank stress test results, which it didn't fail.

Lentuo Int'l. (NYSE: LAS) 30.2% HIGHER; continuing higher this week following a sharp decline last week (about 30%). The stock has pushed through the $5.00 price level today, on a nice volume spike.

Allied Irish Banks plc (NYSE: AIB) 20.6% HIGHER; also surging following European stress test results.

Endocyte, Inc. (Nasdaq: ECYT), 14.9% LOWER; filed a registration with the U.S. Securities and Exchange Commission to sell, from time to time, up to 4,841,610 shares of Common Stock. Of the total, Endocyte will sell 4 million common and a selling shareholder will sell 841,610 common shares.

Google, Inc. (Nasdaq: GOOG) 12.9% HIGHER; reported Q2 EPS of $8.74, $0.88 better than the analyst estimate of $7.86. Revenue for the quarter came in at $6.92 billion versus the consensus estimate of $6.54 billion.

Coffee Holding Co., Inc. (Nasdaq: JVA) 12.3% HIGHER; the stock has been unusually perky lately, and today is no exception. After a bit of a sell-off earlier in the week, Coffee Holding is brewing up some gains today. Shares are exhibiting a bit of a cup-and-handle pattern over the last 10 or so trading sessions.

Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM) 10.7% LOWER; reported Q2 loss of ($0.15), in-line with the analyst estimate of ($0.15). Revenue for the quarter came in at $2.83 million versus the consensus estimate of $2.28 million.

Delcath (Nasdaq: DCTH) 10.7% LOWER; announced an offering of 5 million shares of its common stock to Jefferies.

Greenhill (NYSE: GHL) 10.5% LOWER; Bloomberg says management committee member Timothy M. George is leaving the company.

FLIR Systems, Inc. (Nasdaq: FLIR) 10.1% LOWER; today announced preliminary revenue and earnings per share results for the second quarter of fiscal year 2011. FLIR expects to post revenues of approximately $390 million and earnings per share of approximately $0.18 for the three months ended June 30, 2011. Non-GAAP EPS is expected to be $0.35. Management is evaluating its previously announced guidance for the full year 2011 and will provide updated guidance on its second quarter earnings call on Friday July 22, 2011. The stock was also downgraded at Morgan Keegan.

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Jefferies & Co, Morgan Keegan & Company, Unusual 11 Mid-Day Movers, Earnings, Petrohawk Energy BHP

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