Unusual 11 Mid-Day Movers 10/31: (MNTA) (ZLCS) (TREX) Higher; (NPSP) (TRMD) (CYOU) Lower
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NPS Pharmaceuticals, Inc. (Nasdaq: NPSP) 33.6% LOWER; today announced new data from STEPS 2, a long-term open-label study, showing that GATTEX (teduglutide) was associated with achieving and maintaining clinically meaningful reductions in parenteral nutrition and intravenous fluid volume in adult subjects with short bowel syndrome.
TORM A/S (Nasdaq: TRMD) 26.9% LOWER; citing global economic uncertainty and freight rate pressure, TORM revised its forecast for the full year of 2011 from an expected loss before tax of $100 to 175 million to an expected loss before tax of $175 to 195 million.
Momenta Pharmaceuticals, Inc. (Nasdaq: MNTA) 21.7% HIGHER; today announced that the United States District Court for the District of Massachusetts today entered an order enjoining Amphastar Pharmaceuticals, Inc., Watson Pharmaceuticals, Inc. and International Medical Systems, Ltd. from offering to sell or selling their generic Lovenox before the District Court renders a decision in the on-going litigation relating to the U.S. Patent No. 7,575,886. No trial date has been set.
Zalicus Inc. (Nasdaq: ZLCS) 18.2% HIGHER; continuing higher following a 23 percent close higher last Friday after pushing above the 200-day SMA. The stock held extremely close to this technical indicator for nearly the entire month of October. With less than three hours left in Monday's trading session, about 2.3 million shares have already traded hands, compared to the stock's average daily volume of about 1 million shares.
Trex Co., Inc. (NYSE: TREX) 15.6% HIGHER; reported Q3 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $67.92 million versus the consensus estimate of $69.02 million.
Changyou.com Ltd. (Nasdaq: CYOU) 15.3% LOWER; reported Q3 EPS of $1.01, 2 cents better than the analyst estimate of $0.99. Revenue for the quarter came in at $119 million versus the consensus estimate of $117.51 million. Sees Q411 EPS of $1.09 to $1.12, versus the consensus of $1.10, and revenue of $122 to $125 million, versus the consensus of $123.09 million.
DragonWave (Nasdaq: DRWI) 14.2% HIGHER; stock continuing to bounce off support around $3. The stock is up almost 28 percent over the last four trading sessions. Might be seeing some upside as AT&T (NYSE: T) introduced two new LTE smartphones and said it continues to expand its 4G network.
Complete Genomics (Nasdaq: GNOM) 14.2% HIGHER; bouncing after just barely pushing below the $5 technical level this morning. Volume seems about inline with the average daily.
Integra LifeSciences Holdings (Nasdaq: IART) 12.1% LOWER; reported Q3 EPS of $0.77, in-line with the analyst estimate of $0.77. Revenue for the quarter came in at $202.2 million versus the consensus estimate of $204.15 million. Integra sees FY2011 EPS of $2.88 to $2.96, versus prior guidance of $2.92 to $3.02 and the consensus of $2.93.
Sify Technologies (Nasdaq: SIFY) 12.1% HIGHER; moving in opposition to the broader market in India. Shares likely bouncing off the 200-day; stock up nearly 28 percent since last Monday.
Yingli Green Energy (NYSE: YGE) 11.5% LOWER; pressure on solars following reports the U.K. might cut subsidies in the sector by 50 to 55 percent. Currently, the move is only a proposal, but stocks are moving on the news anyway.
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TORM A/S (Nasdaq: TRMD) 26.9% LOWER; citing global economic uncertainty and freight rate pressure, TORM revised its forecast for the full year of 2011 from an expected loss before tax of $100 to 175 million to an expected loss before tax of $175 to 195 million.
Momenta Pharmaceuticals, Inc. (Nasdaq: MNTA) 21.7% HIGHER; today announced that the United States District Court for the District of Massachusetts today entered an order enjoining Amphastar Pharmaceuticals, Inc., Watson Pharmaceuticals, Inc. and International Medical Systems, Ltd. from offering to sell or selling their generic Lovenox before the District Court renders a decision in the on-going litigation relating to the U.S. Patent No. 7,575,886. No trial date has been set.
Zalicus Inc. (Nasdaq: ZLCS) 18.2% HIGHER; continuing higher following a 23 percent close higher last Friday after pushing above the 200-day SMA. The stock held extremely close to this technical indicator for nearly the entire month of October. With less than three hours left in Monday's trading session, about 2.3 million shares have already traded hands, compared to the stock's average daily volume of about 1 million shares.
Trex Co., Inc. (NYSE: TREX) 15.6% HIGHER; reported Q3 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $67.92 million versus the consensus estimate of $69.02 million.
Changyou.com Ltd. (Nasdaq: CYOU) 15.3% LOWER; reported Q3 EPS of $1.01, 2 cents better than the analyst estimate of $0.99. Revenue for the quarter came in at $119 million versus the consensus estimate of $117.51 million. Sees Q411 EPS of $1.09 to $1.12, versus the consensus of $1.10, and revenue of $122 to $125 million, versus the consensus of $123.09 million.
DragonWave (Nasdaq: DRWI) 14.2% HIGHER; stock continuing to bounce off support around $3. The stock is up almost 28 percent over the last four trading sessions. Might be seeing some upside as AT&T (NYSE: T) introduced two new LTE smartphones and said it continues to expand its 4G network.
Complete Genomics (Nasdaq: GNOM) 14.2% HIGHER; bouncing after just barely pushing below the $5 technical level this morning. Volume seems about inline with the average daily.
Integra LifeSciences Holdings (Nasdaq: IART) 12.1% LOWER; reported Q3 EPS of $0.77, in-line with the analyst estimate of $0.77. Revenue for the quarter came in at $202.2 million versus the consensus estimate of $204.15 million. Integra sees FY2011 EPS of $2.88 to $2.96, versus prior guidance of $2.92 to $3.02 and the consensus of $2.93.
Sify Technologies (Nasdaq: SIFY) 12.1% HIGHER; moving in opposition to the broader market in India. Shares likely bouncing off the 200-day; stock up nearly 28 percent since last Monday.
Yingli Green Energy (NYSE: YGE) 11.5% LOWER; pressure on solars following reports the U.K. might cut subsidies in the sector by 50 to 55 percent. Currently, the move is only a proposal, but stocks are moving on the news anyway.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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