Unusual 11 Mid-Day Movers 11/01: AVNR, XCO, KSP, NTE, VTRO, SUR Higher; WL, BIOD, ANPI, ABK, CDII Lower
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Avanir Pharmaceuticals (Nasdaq: AVNR) 110.7% HIGHER; received FDA approval for NUEDEXTA as the first treatment for pseudobulbar affect. Pseudobulbar affect, or PBA, occurs secondary to a number of unrelated neurological condition, and is characterized by involuntary, sudden, and frequent episodes of laughing and/or crying.
Wilmington Trust (NYSE: WL) 42.2% LOWER; to merge with M&T Bank (NYSE: MTB) in a deal valued at $341 million.
Wilmington Trust holders will get 0.51372 shares of M&T per share of WL they own. On a per share basis, the deal is valued at $3.84.
Biodel Inc. (Nasdaq: BIOD) 41.6% LOWER; received a Complete Response Letter from the FDA requesting additional information regarding its new drug application for Linjeta for the treatment of type 1 and type 2 diabetes mellitus to improve glycemic control.
Angiotech Pharmaceuticals Inc. (Nasdaq: ANPI) 40.8% LOWER; trading lower as the company guided revenue expectations from FY10 - FY13. Click
here for the numbers. Investors may have been expecting more, though the numbers suggest a CAGR of 12.8%.
Ambac (NYSE: ABK) 39.7% LOWER; intends to file for bankruptcy, seeks prepackaged plan.
EXCO Resources, Inc. (NYSE: XCO) 31.0% HIGHER; announces Receipt of Proposal to Purchase All of Its Common Stock for $20.50 Per Share in Cash from its Chairman and Chief Executive Officer, Douglas H. Miller.
K-Sea Transportation (NYSE: KSP) 25.6% HIGHER; reports Q3 loss of $0.10, ex-items, versus the analyst estimate of ($0.26). Revenue for the quarter was $71.92 million, which compares to the estimate of $61.38 million.
Nam Tai Electronics, Inc. (NYSE: NTE) 23.9% HIGHER; reports Q3 EPS of $0.16, 5 cents better than the analyst estimate of $0.11. Revenue for the quarter was $174.74 million, which compares to the estimate of $124.00 million.
Vertro, Inc. (Nasdaq: VTRO) 22.9% HIGHER; a couple of bullish articles on Seeking Alpha over the weekend may have investors buying shares today.
CNA Surety Corporation (NYSE: SUR) 19.5% HIGHER; CNA Financial Corporation (NYSE: CNA) proposed to acquire all of the outstanding shares of common stock of CNA Surety that are not currently owned by subsidiaries of CNA for $22.00 per share in cash.
China Direct Industries, Inc. (NASDAQ: CDII) 16.8% LOWER; today provided an update of the status of production at its magnesium production facilities. View the release
for more details.
To get this report daily visit
Wilmington Trust (NYSE: WL) 42.2% LOWER; to merge with M&T Bank (NYSE: MTB) in a deal valued at $341 million.
Wilmington Trust holders will get 0.51372 shares of M&T per share of WL they own. On a per share basis, the deal is valued at $3.84.
Biodel Inc. (Nasdaq: BIOD) 41.6% LOWER; received a Complete Response Letter from the FDA requesting additional information regarding its new drug application for Linjeta for the treatment of type 1 and type 2 diabetes mellitus to improve glycemic control.
Angiotech Pharmaceuticals Inc. (Nasdaq: ANPI) 40.8% LOWER; trading lower as the company guided revenue expectations from FY10 - FY13. Click
here for the numbers. Investors may have been expecting more, though the numbers suggest a CAGR of 12.8%.
Ambac (NYSE: ABK) 39.7% LOWER; intends to file for bankruptcy, seeks prepackaged plan.
EXCO Resources, Inc. (NYSE: XCO) 31.0% HIGHER; announces Receipt of Proposal to Purchase All of Its Common Stock for $20.50 Per Share in Cash from its Chairman and Chief Executive Officer, Douglas H. Miller.
K-Sea Transportation (NYSE: KSP) 25.6% HIGHER; reports Q3 loss of $0.10, ex-items, versus the analyst estimate of ($0.26). Revenue for the quarter was $71.92 million, which compares to the estimate of $61.38 million.
Nam Tai Electronics, Inc. (NYSE: NTE) 23.9% HIGHER; reports Q3 EPS of $0.16, 5 cents better than the analyst estimate of $0.11. Revenue for the quarter was $174.74 million, which compares to the estimate of $124.00 million.
Vertro, Inc. (Nasdaq: VTRO) 22.9% HIGHER; a couple of bullish articles on Seeking Alpha over the weekend may have investors buying shares today.
CNA Surety Corporation (NYSE: SUR) 19.5% HIGHER; CNA Financial Corporation (NYSE: CNA) proposed to acquire all of the outstanding shares of common stock of CNA Surety that are not currently owned by subsidiaries of CNA for $22.00 per share in cash.
China Direct Industries, Inc. (NASDAQ: CDII) 16.8% LOWER; today provided an update of the status of production at its magnesium production facilities. View the release
for more details.
To get this report daily visit
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Unusual 11 Mid-Day Movers, Bankruptcy, EXCO Resources Buyout, Wilmington Trust/M&T Bank, CNA Surety TakeoverSign up for StreetInsider Free!
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