Unusual 11 Mid-Day Movers 12/13: (ONCY) (PRGN) (SAM) Higher; (RIGL) (HG) (CSUN) Lower
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Oncolytics Biotech, Inc. (Nasdaq: ONCY) 50.2% HIGHER; announced initial positive top line data from the first endpoint in its double-blinded randomized Phase III clinical study examining REOLYSIN in combination with carboplatin and paclitaxel in second-line patients with platinum-refractory, taxane-naive head and neck cancers (REO 018).
Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) 35.6% LOWER; lower as AstraZeneca (NYSE: AZN) said OSKIRA-4 missed secondary endpoints. For more color, click here.
Harbinger Group (NYSE: HRG) 26.3% LOWER; priced a 20 million offering at $7.50 per share.
Paragon Shipping Inc. (NYSE: PRGN) 21.0% HIGHER; signed agreements with four of its lenders, subject to certain conditions, and agreed to amended terms in the following loan agreements: the loan agreement with Unicredit Bank AG dated November 19, 2007, the loan agreement with The Bank of Scotland Plc dated December 4, 2007, the loan agreement with Bank of Ireland dated March 30, 2009, and the loan agreement with HSBC Bank Plc dated July 2, 2010.
The Boston Beer Company, Inc. (NYSE: SAM) 15.5% HIGHER; now expects its 2012 earnings per diluted share range to be between $4.30 and $4.60, an increase from the previously communicated range of $3.80 to $4.20 and the consensus of $4.21.
Zagg Inc. (Nasdaq: ZAGG) 15.1% HIGHER; has authorized a share repurchase program under which the company may repurchase up to $10 million of its outstanding common stock from time to time on the open market.
Best Buy (NYSE: BBY) 15.1% HIGHER; founder Richard Schulze is mulling another bid. For more color, click here.
Clearwire Corp. (Nasdaq: CLWR) 15.1% HIGHER; Sprint (NYSE: S) offered to buy the rest of Clearwire for $2.90 per share. For more on the story, click here.
China Sunergy Co. Ltd. (Nasdaq: CSUN) 13.3% LOWER; pulling back following positive news out of China yesterday regarding solar investment. Shares popped over 20 percent higher Wednesday.
Allot Communications (Nasdaq: ALLT) 12.2% LOWER; lower as Wunderlich cut its rating from Buy to Hold today, its price target lowered $6 to $21.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR) 10.6% LOWER; priced a 13 million offering at $6 per share.
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Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL) 35.6% LOWER; lower as AstraZeneca (NYSE: AZN) said OSKIRA-4 missed secondary endpoints. For more color, click here.
Harbinger Group (NYSE: HRG) 26.3% LOWER; priced a 20 million offering at $7.50 per share.
Paragon Shipping Inc. (NYSE: PRGN) 21.0% HIGHER; signed agreements with four of its lenders, subject to certain conditions, and agreed to amended terms in the following loan agreements: the loan agreement with Unicredit Bank AG dated November 19, 2007, the loan agreement with The Bank of Scotland Plc dated December 4, 2007, the loan agreement with Bank of Ireland dated March 30, 2009, and the loan agreement with HSBC Bank Plc dated July 2, 2010.
The Boston Beer Company, Inc. (NYSE: SAM) 15.5% HIGHER; now expects its 2012 earnings per diluted share range to be between $4.30 and $4.60, an increase from the previously communicated range of $3.80 to $4.20 and the consensus of $4.21.
Zagg Inc. (Nasdaq: ZAGG) 15.1% HIGHER; has authorized a share repurchase program under which the company may repurchase up to $10 million of its outstanding common stock from time to time on the open market.
Best Buy (NYSE: BBY) 15.1% HIGHER; founder Richard Schulze is mulling another bid. For more color, click here.
Clearwire Corp. (Nasdaq: CLWR) 15.1% HIGHER; Sprint (NYSE: S) offered to buy the rest of Clearwire for $2.90 per share. For more on the story, click here.
China Sunergy Co. Ltd. (Nasdaq: CSUN) 13.3% LOWER; pulling back following positive news out of China yesterday regarding solar investment. Shares popped over 20 percent higher Wednesday.
Allot Communications (Nasdaq: ALLT) 12.2% LOWER; lower as Wunderlich cut its rating from Buy to Hold today, its price target lowered $6 to $21.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR) 10.6% LOWER; priced a 13 million offering at $6 per share.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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