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Unusual 11 Mid-Day Movers 12/18: (ARB) (VNDA) (GDP) Higher; (HEB) (LEI) (GALE) Lower

December 18, 2012 1:03 PM EST Send to a Friend
Hemispherx Biopharma, Inc. (AMEX: HEB) 43.8% LOWER; briefing documents were posted today. The FDA, in part, said Ampligen lacked the required carcinogenicity tests.

Arbitron Inc. (NYSE: ARB) 23.6% HIGHER; Nielsen Holdings N.V. (NYSE: NLSN) proposed to acquire Arbitron for $48 per share.

Vanda Pharmaceuticals Inc. (Nasdaq: VNDA) 20.8% HIGHER; announced positive results from the SET (Safety and Efficacy of Tasimelteon) Phase III study, evaluating tasimelteon, a circadian regulator for the treatment of Non-24-Hour Disorder (Non-24). Tasimelteon succeeded in the primary endpoint of Entrainment of the melatonin (aMT6s) rhythm as compared to placebo.

Lucas Energy, Inc. (AMEX: LEI) 17.2% LOWER; announced that the Company's $22 million senior secured promissory note due to Nordic Oil USA I, LP, is past due and Nordic has filed a lawsuit against the Company to seek repayment of the note and a judicial foreclosure of the properties acquired from Nordic.

Galena Biopharma (Nasdaq: GALE) 17.1% LOWER; announced today the pricing of an underwritten public offering of 15,156,250 units at a public offering price of $1.60 per unit, or total gross proceeds of $24.25 million. Each unit consists of one share of common stock, and a warrant to purchase 0.5 share of common stock at an exercise price of $1.90 per share.

Goodrich Petroleum Corp. (NYSE: GDP) 15.4% HIGHER; saw a few insiders exercise options, as disclosed on Monday night.

Uranium Resources, Inc. (Nasdaq: URRE) 13.7% LOWER; pulling back after rising 24 percent Monday on the Japanese election results. Today, the company announced that it has filed a proxy statement to seek shareholder approval of a reverse stock split. The Company also announced the closing of $5 million in bridge financing with Resource Capital Fund V L.P. and the Company’s plan to undertake a shareholder rights offering in 2013.

LogMeIn (Nasdaq: LOGM) 12.8% HIGHER; Northland Securities started coverage at Outperform today.

GT Advanced Technologies (Nasdaq: GTAT) 12.1% LOWER; announced its guidance range for the fourth quarter ending December 31, 2012 and provided its preliminary outlook for fiscal year 2013 ending December 31, 2013. For more color, click here.

Uranerz Energy Corp. (AMEX: URZ) 11.5% HIGHER; moving higher on positive sentiment following Japanese elections.

Boyd Gaming Corp. (NYSE: BYD) 11.6% HIGHER; investors might be banking on stronger Vegas Strip revs for November.

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