Unusual 11 Mid-Day Movers 10/12: SNEN, MRNA, RPTPD, LEE Higher; DEPO, DRIV, INPH, BPHX Lower
Sinoenergy Corporation (Nasdaq: SNEN) 42.2% HIGHER; today announced that, on October 12, 2009, the Company entered into an agreement with Skywide Capital Management Limited, pursuant to which the Company will be merged with and into Skywide. Upon the effectiveness of the merger, each issued and outstanding share of the Company's common stock, other than shares owned by Skywide, will automatically be converted into the right to receive $1.90 per share.
Depomed, Inc. (NASDAQ: DEPO) 37% LOWER; announced today top-line results from the BREEZE 1 and 2 Phase 3 clinical trials evaluating the safety and efficacy of Serada. Click here for the full report.
Digital River, Inc. (NASDAQ: DRIV) 36.1% LOWER; announced today that Symantec Corporation (NASDAQ: SYMC) has notified Digital River that Symantec will not extend its existing e-commerce agreement. The agreement, under which Digital River provides a variety of e-commerce-related services to Symantec, expires on June 30, 2010. Click here for the full report.
MDRNA, Inc. (NASDAQ: MRNA) 29.8% HIGHER; today presented new in vivo data demonstrating continued progress in the advancement of the Company's oncology program. Click here for the full report.
Raptor Pharmaceutical Corp. (Nasdaq: RPTPD) 23.3% HIGHER; announced positive findings from the completed treatment phase of its open-label Phase 2a clinical trial of delayed-release cysteamine bitartrate in adolescent patients with non-alcoholic steatohepatitis, a progressive form of liver disease believed to affect 2% to 5% of the U.S. population.
Lee Enterprises (NYSE: LEE) 22.3% HIGHER; spiking on no news today. The stock crossed over its 200-day smooth moving average this morning. Volume is almost 4x heavier than normal.
American International Industries, Inc. (Nasdaq: AMIN) 21.7% HIGHER; American International Industries, Delta Seaboard Well Service, Inc., Hammonds Industries, Inc., and the minority interest owners of Delta entered into an agreement to effect a reverse merger of 100% of Delta into Hammonds. Click here for the full report.
Interphase Corporation (NASDAQ: INPH) 20% LOWER; sees Q3 sales of $4.3-$4.4 million on a loss of $2.1-$2.5 million.
Build-A-Bear Workshop Inc. (NYSE: BBW) 19.4% HIGHER; BMO Capital upgraded the stock from from Market Perform to Outperform and raised their price target raises by $1 to $6.
BluePhoenix Solutions (NASDAQ: BPHX) 13.3% LOWER; today announced that it has entered into a Securities Purchase Agreement with certain institutional investors for the sale of approximately $4.2 million of its ordinary shares at a purchase price of $3.05 per share.
Targacept (Nasdaq: TRGT) 9.8% LOWER; continuing lower this week following last week's 2.2 million share offering.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Depomed, Inc. (NASDAQ: DEPO) 37% LOWER; announced today top-line results from the BREEZE 1 and 2 Phase 3 clinical trials evaluating the safety and efficacy of Serada. Click here for the full report.
Digital River, Inc. (NASDAQ: DRIV) 36.1% LOWER; announced today that Symantec Corporation (NASDAQ: SYMC) has notified Digital River that Symantec will not extend its existing e-commerce agreement. The agreement, under which Digital River provides a variety of e-commerce-related services to Symantec, expires on June 30, 2010. Click here for the full report.
MDRNA, Inc. (NASDAQ: MRNA) 29.8% HIGHER; today presented new in vivo data demonstrating continued progress in the advancement of the Company's oncology program. Click here for the full report.
Raptor Pharmaceutical Corp. (Nasdaq: RPTPD) 23.3% HIGHER; announced positive findings from the completed treatment phase of its open-label Phase 2a clinical trial of delayed-release cysteamine bitartrate in adolescent patients with non-alcoholic steatohepatitis, a progressive form of liver disease believed to affect 2% to 5% of the U.S. population.
Lee Enterprises (NYSE: LEE) 22.3% HIGHER; spiking on no news today. The stock crossed over its 200-day smooth moving average this morning. Volume is almost 4x heavier than normal.
American International Industries, Inc. (Nasdaq: AMIN) 21.7% HIGHER; American International Industries, Delta Seaboard Well Service, Inc., Hammonds Industries, Inc., and the minority interest owners of Delta entered into an agreement to effect a reverse merger of 100% of Delta into Hammonds. Click here for the full report.
Interphase Corporation (NASDAQ: INPH) 20% LOWER; sees Q3 sales of $4.3-$4.4 million on a loss of $2.1-$2.5 million.
Build-A-Bear Workshop Inc. (NYSE: BBW) 19.4% HIGHER; BMO Capital upgraded the stock from from Market Perform to Outperform and raised their price target raises by $1 to $6.
BluePhoenix Solutions (NASDAQ: BPHX) 13.3% LOWER; today announced that it has entered into a Securities Purchase Agreement with certain institutional investors for the sale of approximately $4.2 million of its ordinary shares at a purchase price of $3.05 per share.
Targacept (Nasdaq: TRGT) 9.8% LOWER; continuing lower this week following last week's 2.2 million share offering.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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