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Unusual 11 Mid-Day Movers 12/02: (VISN) (NCTY) (MITL) Higher; (CSIQ) (UVV) (BIG) Lower

December 2, 2011 1:51 PM EST
VisionChina Media Inc. (Nasdaq: VISN) 26.6% HIGHER; after trading right along the 200-day SMA for the last two trading sessions, shares broke out this morning. More than 1 million shares were traded right as the stock began breaking out.

The9 Limited (Nasdaq: NCTY) 26.3% HIGHER; after breaking through resistance at $5 on Monday, the stock is pushing above the $6 level today. Volume is very heavy.

Mitel Networks Corporation (Nasdaq: MITL) 25.9% HIGHER; reported Q2 EPS of $0.24, 7 cents better than the analyst estimate of $0.17. Revenue for the quarter came in at $168.8 million versus the consensus estimate of $166.02 million.

Zumiez, Inc. (Nasdq: ZUMZ) 22% HIGHER; reported Q3 EPS of $0.45, 3 cents better than the analyst estimate of $0.42. Revenue for the quarter came in at $154 million versus the consensus estimate of $153.06 million. Reports November same-store sales rose 8.4 percent, sharply better than an expected 3.1 percent. Q3 same-store sales rose 6 percent. Sees Q4 EPS 52 to 54 cents, versus the consensus of 52 cents. See sales $174 to $177 million, which compares to the Street estimate of $173.6 million, with same-store sales up mid-single-digit range.

Alexander & Baldwin, Inc. (NYSE: ALEX) 17.5% HIGHER; today announced that its Board of Directors has unanimously approved a plan to pursue the separation of the Company to create two independent, publicly traded companies: A premier Hawaii-based land company (A&B) with interests in real estate development, commercial real estate and agriculture, which will retain the Alexander & Baldwin, Inc. name; and Matson, a market-leading ocean transportation company serving the U.S. West Coast, Hawaii, Guam, Micronesia and China, and a top ten domestic logistics company.

Anthera Pharmaceuticals, Inc. (Nasdaq: ANTH) 16.6% HIGHER; Wedbush upgraded from Neutral to Outperform, price target raised $1 to $8. Click here for more color. Collins Stewart also initiated coverage on the stock with a Buy rating and $13 price target.

Canadian Solar Inc. (Nasdaq: CSIQ) 9.5% LOWER; traders finally taking profits this week after rising nearly 34 percent since Monday. The entire solar sector moved sharply higher this week. The Solar ETF (NYSE: TAN) is up nearly 14 percent this week.

Unverisal Corp. (NYSE: UVV) 8.7% LOWER; shares have cracked support/resistance at $44 after testing the level several times last week. The stock has not been able to hold above this level since mid 2010.

Big Lots, Inc. (NYSE: BIG) 8.6% LOWER; reported Q3 EPS of $0.17, 8 cents better than the analyst estimate of $0.09. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.13 billion. Comparable store sales for U.S. stores increased 1.7%. Big Lots sees FY2011 EPS of $2.85 to $2.92, versus prior guidance of $2.80 to $2.90 and the consensus of $2.90. Fourth-quarter 2011 EPS expected to be $1.59 to $1.66, versus the consensus of $1.63.

Research In Motion (Nasdaq: RIMM) 8.5% LOWER; announced that it would record a pre-tax provision in the third quarter of fiscal 2012 of approximately $485 million, $360 million after tax, related to its inventory valuation of BlackBerry PlayBook tablets. Click here to see the full report.

Tortoise Pipeline & Energy Fund (NYSE:
TTP) 7.6% LOWER; the stock previously held extremely closely to the $25 level. Technicians are selling the stock today after opening under $24.70 this morning.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.


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