Unusual 11 Mid-Day Movers 10/01: AUMN, MEDQ, DEAR, GYMB, ACTG, APP Higher; DVOX, CBK, LNET, INMD, GMCR Lower
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DynaVox (Nasdaq: DVOX) 30.4% LOWER; Management is withdrawing its FY11 Guidance included in its earnings release dated August 25, 2010 and will provide a further update to the investment community as more information becomes available. Click here to see the full report.
Golden Minerals (AMEX: AUMN) 27.3% HIGHER; trading sharply higher today as gold continues to rise to all-time highs. Additionally, following news that Gammon Gold will merge with Capital Gold, traders may be speculating that this could soon be a takeover target. Finally, Dahlman Rose initiated coverage on the stock with a Buy rating.
MedQuist Inc. (Nasdaq: MEDQ) 26.1% HIGHER; announces that they have entered into agreements related to a $310 financing. Proceeds from the financing will be used to refinance the debt incurred by MedQuist in connection with its April 2010 acquisition of the assets of Spheris, Inc. and to pay a one-time special cash dividend of $4.70 per share to all MedQuist shareholders of record as of October 11, 2010. Click here to see the full report.
Dearborn Bancorp (Nasdaq: DEAR) 17.3% HIGHER; the stock is continuing higher today following a nearly 30% rise yesterday. The stock has pushed over the $2 resistance level for the first time since July. Volume is extremely heavy today.
Gymboree Corp. (NYSE: GYMB) 16.3% HIGHER; is exploring the possibility of a sale with private equity firms. Click here to see the full report.
Christopher & Banks (NYSE: CBK) 15.9% LOWER; reports Q2 loss of $0.06, versus the analyst estimate of ($0.05). Revenue for the quarter was $101.34 million, which compares to the estimate of $105.38 million. Sees Q3 same-store sales to increase in low single-digits. Piper Jaffray also downgraded the stock this morning.
Acacia Research Corporation (Nasdaq: ACTG) 15.9% HIGHER; announced that their subsidiary, Software Tree, LLC, has entered into an agreement with Red Hat, Inc (NYSE: RHT). The agreement resolves patent litigation that was pending in the United States District Court for the Eastern District of Texas, Civil Action No: 6:09-cv-00097-LED, related to U.S. Patent No. 6,163,776.
American Apparel, Inc. (Amex: APP) 13.8% HIGHER; announced that on September 30, 2010 it entered into an amendment to its credit agreement with Lion Capital which, among other things, eliminates the minimum Consolidated EBITDA covenant for the dates through and including December 31, 2010, and provides for the minimum Consolidated EBITDA covenant to be tested monthly during 2011.
LodgeNet Interactive Corp. (Nasdaq: LNET) 13.9% LOWER; announced that they were withdrawing their proposed $435 million senior notes offering, noting that pricing and terms were not acceptable. Shares ended 8.5% lower yesterday. Craig-Hallum also downgraded the shares, today, from Buy to Accumulate, with a price target lowered from $4.50 to $3.50.
Integramed (Nasdaq: INMD) 13.8% LOWER; sees Q3 sales up 12% to $60 million and Q4 sales of about $59 million. Sees modest delays in bringing some operations to market.
Green Mountain Coffee Coasters (Nasdaq: GMCR) 10.1 LOWER; shares are continuing lower today, now pushing below the all-important $30 level, following news on Wednesday of an SEC inquiry. The stock tumbled more than 16% on that day.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
Golden Minerals (AMEX: AUMN) 27.3% HIGHER; trading sharply higher today as gold continues to rise to all-time highs. Additionally, following news that Gammon Gold will merge with Capital Gold, traders may be speculating that this could soon be a takeover target. Finally, Dahlman Rose initiated coverage on the stock with a Buy rating.
MedQuist Inc. (Nasdaq: MEDQ) 26.1% HIGHER; announces that they have entered into agreements related to a $310 financing. Proceeds from the financing will be used to refinance the debt incurred by MedQuist in connection with its April 2010 acquisition of the assets of Spheris, Inc. and to pay a one-time special cash dividend of $4.70 per share to all MedQuist shareholders of record as of October 11, 2010. Click here to see the full report.
Dearborn Bancorp (Nasdaq: DEAR) 17.3% HIGHER; the stock is continuing higher today following a nearly 30% rise yesterday. The stock has pushed over the $2 resistance level for the first time since July. Volume is extremely heavy today.
Gymboree Corp. (NYSE: GYMB) 16.3% HIGHER; is exploring the possibility of a sale with private equity firms. Click here to see the full report.
Christopher & Banks (NYSE: CBK) 15.9% LOWER; reports Q2 loss of $0.06, versus the analyst estimate of ($0.05). Revenue for the quarter was $101.34 million, which compares to the estimate of $105.38 million. Sees Q3 same-store sales to increase in low single-digits. Piper Jaffray also downgraded the stock this morning.
Acacia Research Corporation (Nasdaq: ACTG) 15.9% HIGHER; announced that their subsidiary, Software Tree, LLC, has entered into an agreement with Red Hat, Inc (NYSE: RHT). The agreement resolves patent litigation that was pending in the United States District Court for the Eastern District of Texas, Civil Action No: 6:09-cv-00097-LED, related to U.S. Patent No. 6,163,776.
American Apparel, Inc. (Amex: APP) 13.8% HIGHER; announced that on September 30, 2010 it entered into an amendment to its credit agreement with Lion Capital which, among other things, eliminates the minimum Consolidated EBITDA covenant for the dates through and including December 31, 2010, and provides for the minimum Consolidated EBITDA covenant to be tested monthly during 2011.
LodgeNet Interactive Corp. (Nasdaq: LNET) 13.9% LOWER; announced that they were withdrawing their proposed $435 million senior notes offering, noting that pricing and terms were not acceptable. Shares ended 8.5% lower yesterday. Craig-Hallum also downgraded the shares, today, from Buy to Accumulate, with a price target lowered from $4.50 to $3.50.
Integramed (Nasdaq: INMD) 13.8% LOWER; sees Q3 sales up 12% to $60 million and Q4 sales of about $59 million. Sees modest delays in bringing some operations to market.
Green Mountain Coffee Coasters (Nasdaq: GMCR) 10.1 LOWER; shares are continuing lower today, now pushing below the all-important $30 level, following news on Wednesday of an SEC inquiry. The stock tumbled more than 16% on that day.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
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