Unusual 11 Mid-Day Movers 10/4: (SMMT) (SDRL) (ADXS) Higher; (TRIB) (IRMD) (NVFY) Lower
- AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share
- Rockwell Collins (COL) to Acquire B/E Aerospace (BEAV) for $6.4B
- China Oceanwide to Acquire Genworth Financial (GNW) for $2.7B
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
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Trinity Biotech plc (Nasdaq: TRIB) 50.9% LOWER; announced that it is withdrawing its 510(k) premarket notification submission for the Meritas Troponin-I Test and Meritas Point-of-Care Analyzer.
Iradimed Corp. (Nasdaq: IRMD) 38.3% LOWER; revised its third quarter financial guidance. The Company now expects revenue for the third quarter 2016 of approximately $7.5 million to $7.6 million, compared to its previous guidance of $9.9 million to $10.0 million and GAAP diluted earnings per share of approximately $0.09 to $0.10. The Company also now expects non-GAAP diluted earnings per share of approximately $0.11 to $0.12, compared to its previous guidance of $0.23 to $0.24.
Seadrill's (NYSE: SDRL) 27.0% HIGHER; John Fredriksen, Seadrill's Chairman and largest shareholder, is willing to lend it as much as $1.2 billion as part of a potential deal with banks and bondholders to restructure its debt, according to Bloomberg, citing two people familiar with the matter.
Nova Lifestyle (Nasdaq: NVFY) 18.7% LOWER; pulling back following strong gains on Monday.
Costamare (NYSE: CMRE) 18.2% LOWER; declared a quarterly dividend of $0.10 per share, or $0.4 annualized. This is a 65.5% decrease from the prior dividend of $0.29. The company also entered new financing arrangements.
NXT-ID (Nasdaq: NXTD) 14.6% LOWER; continuing lower from Monday after it filed a registration with the U.S. SEC to sell up to 3,695,309 shares of common stock on behalf of selling shareholders.
Advaxis, Inc. (Nasdaq: ADXS) 11.9% HIGHER; movhing higher from Monday after appointing a new COO. The stock is also strong above $11.
Sears Holdings (Nasdaq: SHLD) 8.7% HIGHER; Sear's Craftsman said to get interest from Black & Decker, Techtronic Industries - Bloomberg
Celldex Therapeutics (Nasdaq: CLDX) 8.6% HIGHER; Brean Capital assumed coverage on Celldex Therapeutics with a Buy rating and a price target of $16.
ARC Group Worldwide, Inc. (Nasdaq: ARCW) 8.3% HIGHER; moving higher from Monday after announcing the completion of the sale of Tekna Seal LLC, a non-core subsidiary of ARC, for $10.5 million.
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