Unusual 11 Mid-Day Movers 12/08: (DMAN) (AFFY) CEDC) Higher; (THQI) (AMR) (IVC) Lower
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DemandTec (Nasdaq: DMAN) 55.7% HIGHER; IBM (NYSE: IBM) to acquire DemandTec for $13.20/share. Click here for the full article.
Affymax (Nasdaq: AFFY) 38.3% HIGHER; wins FDA panel backing of anemia drug, peginesatide. The vote was 15-1-1.
Central European Distribution Corp. (Nasdaq: CEDC) 25.1% HIGHER; in a 13D filing on CEDC after the close Wednesday afternoon, Russian Standard Corp. disclosed a letter sent to CEDC on December 6th which proposed a deal between the two which could "result in substantial benefits to the Issuer including increased cash flow, increased revenue, higher efficiency and cost savings." Click here for the full article.
E Commerce China Dangdang (NYSE: DANG) 20.7% HIGHER; appears to have bounced off the 200-day SMA just minutes after the opening. Volume is extremely heavy this morning.
G-III Apparel Group Ltd (NASDAQ: GIII) 18.7% HIGHER; reported Q3 EPS of $2.16, $0.02 better than the analyst estimate of $2.14. Revenue for the quarter came in at $510 million versus the consensus estimate of $497.49 million. Slashes its FY12 EPS guidance from $3.05-$3.15 to $2.50-$2.60, which compares to the current Street estimate of $2.80. Affirms sales guidance of about $1.25 billion. Reports license for development of Calvin Klein Women's Performance Retail Stores.
Pacific Sunwear Of California (NASDAQ: PSUN) 14.5% HIGHER; reported Q3 EPS of ($0.10), $0.04 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $242 million versus the consensus estimate of $232.77 million. Total Company same-store sales decreased 3% during the period. Pacific Sunwear Of California sees Q4 2011 EPS of ($0.18)-($0.27), versus the consensus of ($0.26). Also announced it will undergo a real estate restructuring, closing 175-200 underperforming stores and a new $100 million revolving credit facility with Wells Fargo. Click here for the full article.
THQ Inc. (Nasdaq: THQI) 33.8% LOWER; sees Q3 sales 25% below prior view of $510-$550M. Click here for the full article.
AMR Corp. (NYSE: AMR) 26.5% LOWER; extreme volatility continues in this name this week. The stock is below the $1 level today. Most traders would view today's move lower as prudent by investors in the stock: shares of AMR surged more than 250 percent since news of the Chapter 11 filing.
Invacare Corporation (NYSE: IVC) 21.7% LOWER; reports the U.S. Food and Drug Administration (FDA) has requested that the Company negotiate and agree to a consent decree of injunction relating to previously disclosed inspectional observations at the Company’s corporate facility and its wheelchair manufacturing facility in Elyria, Ohio.
Feihe International (NYSE: ADY) 19.8% LOWER; falling below the $3 level today. Volume spiked as the price pushed below this technical level.
Blyth, Inc. (NYSE: BTH) 14.4% LOWER; Normalized Earnings Per Share for 2011 is anticipated to be in the range of $3.30 to $3.50. The 2011 guidance on a reported basis is $1.65 to $1.85 and compares to prior reported earnings per share guidance of $2.23 – $2.43. Click here for the full article.
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Affymax (Nasdaq: AFFY) 38.3% HIGHER; wins FDA panel backing of anemia drug, peginesatide. The vote was 15-1-1.
Central European Distribution Corp. (Nasdaq: CEDC) 25.1% HIGHER; in a 13D filing on CEDC after the close Wednesday afternoon, Russian Standard Corp. disclosed a letter sent to CEDC on December 6th which proposed a deal between the two which could "result in substantial benefits to the Issuer including increased cash flow, increased revenue, higher efficiency and cost savings." Click here for the full article.
E Commerce China Dangdang (NYSE: DANG) 20.7% HIGHER; appears to have bounced off the 200-day SMA just minutes after the opening. Volume is extremely heavy this morning.
G-III Apparel Group Ltd (NASDAQ: GIII) 18.7% HIGHER; reported Q3 EPS of $2.16, $0.02 better than the analyst estimate of $2.14. Revenue for the quarter came in at $510 million versus the consensus estimate of $497.49 million. Slashes its FY12 EPS guidance from $3.05-$3.15 to $2.50-$2.60, which compares to the current Street estimate of $2.80. Affirms sales guidance of about $1.25 billion. Reports license for development of Calvin Klein Women's Performance Retail Stores.
Pacific Sunwear Of California (NASDAQ: PSUN) 14.5% HIGHER; reported Q3 EPS of ($0.10), $0.04 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $242 million versus the consensus estimate of $232.77 million. Total Company same-store sales decreased 3% during the period. Pacific Sunwear Of California sees Q4 2011 EPS of ($0.18)-($0.27), versus the consensus of ($0.26). Also announced it will undergo a real estate restructuring, closing 175-200 underperforming stores and a new $100 million revolving credit facility with Wells Fargo. Click here for the full article.
THQ Inc. (Nasdaq: THQI) 33.8% LOWER; sees Q3 sales 25% below prior view of $510-$550M. Click here for the full article.
AMR Corp. (NYSE: AMR) 26.5% LOWER; extreme volatility continues in this name this week. The stock is below the $1 level today. Most traders would view today's move lower as prudent by investors in the stock: shares of AMR surged more than 250 percent since news of the Chapter 11 filing.
Invacare Corporation (NYSE: IVC) 21.7% LOWER; reports the U.S. Food and Drug Administration (FDA) has requested that the Company negotiate and agree to a consent decree of injunction relating to previously disclosed inspectional observations at the Company’s corporate facility and its wheelchair manufacturing facility in Elyria, Ohio.
Feihe International (NYSE: ADY) 19.8% LOWER; falling below the $3 level today. Volume spiked as the price pushed below this technical level.
Blyth, Inc. (NYSE: BTH) 14.4% LOWER; Normalized Earnings Per Share for 2011 is anticipated to be in the range of $3.30 to $3.50. The 2011 guidance on a reported basis is $1.65 to $1.85 and compares to prior reported earnings per share guidance of $2.23 – $2.43. Click here for the full article.
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Unusual 11 Mid-Day Movers, Bankruptcy, 13D, Earnings, Wells FargoComments
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Sell, sell
Andy T on Dec 8, 2011 03:16 PMMark as Spam | Reply to this comment
IVC and AMR....no future for both