Unusual 11 Mid-Day Movers 10/26: (LGCY) (MBRX) (SCKT) Higher; (OPGN) (SONS) (DPLO) Lower

October 26, 2016 12:45 PM EDT

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Legacy Reserves LP (Nasdaq: LGCY) 29.4% HIGHER; announced that it has executed a second lien term loan credit agreement (the “Second Lien”) with GSO Capital Partners LP (“GSO”) to provide loans in an aggregate amount up to $300 million. Advances under the Second Lien will be issued with an upfront fee of 2%, bear interest of 12.0% per annum and mature, subject to certain conditions, on August 31, 2021. Legacy intends to use the initial $60 million of gross loan proceeds to repay outstanding indebtedness and pay associated transaction expenses.

OpGen, Inc. (Nasdaq: OPGN) 20.4% LOWER; announced that its infectious disease portfolio will be featured in one oral presentation and 5 poster sessions at IDWeek 2016, which takes place from October 26-30 in New Orleans, LA. The oral presentation, given by Jacqueline Reuben, Senior Infectious Disease Epidemiologist, District of Columbia Department of Health, will illustrate OpGen’s Acuitas Lighthouse® MDRO Management System capabilities in a regional prevalence study, called HARP-DC, of multi-drug resistant organisms (MDROs) in Washington, D.C. healthcare facilities.

Moleculin Biotech, Inc., (Nasdaq: MBRX) 19.1% HIGHER; announced promising initial results of the preclinical toxicology work that has begun for WP1122, a unique inhibitor of glucose metabolism, which is an important driver of glycolytic brain tumor progression and survival.

Socket Mobile (Nasdaq: SCKT) 18.0% HIGHER; reported Q3 EPS of $0.10, versus $0.09 reported last year. Revenue for the quarter came in at $5.1 million, versus $4.5 million reported last year.

Logitech (Nasdaq: LOGI) 17.9% HIGHER; reported Q2 EPS of $0.35, $0.10 better than the analyst estimate of $0.25. Revenue for the quarter came in at $564 million versus the consensus estimate of $524.55 million. Logitech’s Fiscal Year 2017 outlook is 8 to 10 percent retail sales growth in constant currency and $195 million to $205 million in non-GAAP operating income.

NCR Corp. (NYSE: NCR) 17.2% HIGHER; reported Q3 EPS of $0.87, $0.06 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.63 billion. NCR Corp. sees FY2016 EPS of $2.97-$3.02, versus prior guidance of $2.90-$3.00 and the consensus of $2.95. NCR Corp. sees FY2016 revenue of $6.47-6.50 billion, versus prior guidance of $6.325-6.400 billion and the consensus of $6.38 billion.

Sonus Networks (Nasdaq: SONS) 15.1% LOWER; reported Q3 EPS of $0.12, $0.03 better than the analyst estimate of $0.09. Revenue for the quarter came in at $65 million versus the consensus estimate of $64.24 million.

Strayer Education (Nasdaq: STRA) 14.9% HIGHER; reported Q3 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $102.2 million versus the consensus estimate of $102.62 million.

Diplomat Pharmacy, Inc. (NYSE: DPLO) 13.7% LOWER; announced that Paul Urick has been promoted to Diplomat's president, effective Nov. 1, 2016. The company also announced that Sean Whelan will step down from his role as chief financial officer and a director on Diplomat's Board of Directors, effective Dec. 31, 2016, to spend more time with his family.

Edwards Lifesciences (NYSE: EW) 13.5% LOWER; reported Q3 EPS of $0.68, in-line with the analyst estimate of $0.68. Revenue for the quarter came in at $739.4 million versus the consensus estimate of $749.14 million. Edwards Lifesciences sees FY2016 EPS of $2.82 - $2.92, versus the consensus of $2.88. Edwards Lifesciences sees FY2016 revenue of $2.7 - $3.0 billion, versus the consensus of $2.94 billion.

Rocket Fuel (Nasdaq: FUEL) 13.5% LOWER; reported Q3 EPS of ($0.08), $0.07 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $109.7 million, versus $111.8 million reported last year. Rocket Fuel sees Q4 2016 revenue of $57 - $62 million.

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