Unusual 11 Mid-Day Movers 12/20: (CIE) (CSIQ) (PGNX) (NED) Higher; (TRGT) (SBLK) (RHT) Lower
Cobalt International Energy, Inc. (NYSE: CIE) 36.8% HIGHER; announced that at an official signing ceremony today in Luanda, Sonangol and Cobalt executives signed the Production Sharing Contract for Block 20 offshore Angola. Cobalt has been named the operator of Block 20 and has a 40% working interest in the block under this agreement. Click here to see the full release.
Targacept, Inc. (Nasdaq: TRGT) 36% LOWER; AstraZeneca (NYSE: AZN) and Targacept announced top-line results from the second of four RENAISSANCE Phase 3 studies investigating the efficacy and tolerability of TC-5214 as an adjunct therapy to an antidepressant in patients with major depressive disorder who do not respond adequately to initial antidepressant treatment. Click here to see the full report.
Canadian Solar Inc. (NASDAQ: CSIQ) 34% HIGHER; today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., has entered into a sales agreement with TransCanada Corporation (NYSE: TRP), whereby TransCanada will acquire from Canadian Solar a 86 MW AC solar project portfolio for approximately $470 million Canadian dollars.
Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX) 29.9% HIGHER; Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) and Progenics today announced the successful outcome of the Phase 3 trial to evaluate the efficacy and safety of oral methylnaltrexone for the treatment of opioid-induced constipation in subjects with chronic, non-cancer pain. Click here for more details.
Noah Education Holdings (NYSE: NED) 29.7% HIGHER; shares are up today on no news but extremely larger volumes.
Double Eagle Petroleum (Nasdaq: DBLE) 23.1% HIGHER; after bouncing off support at $6, shares are now over the $7 level. Volume is very heavy today.
Prestige Brands Holdings, Inc. (NYSE: PBH) 22.2% HIGHER; has signed a definitive agreements with Glaxo (NYSE: GSK) to acquire 17 over-the-counter pharmaceutical brands sold in North America for a total of $660 million in cash.
Star Bulk Carriers (Nasdaq: SBLK) 9.6% LOWER; after vacillating very closely to the $1 level over the last few trading sessions, the stock has pushed below this support level today. Volume has spiked sharply higher today.
Red Hat, Inc. (NYSE: RHT) 8.8% LOWER; reported Q3 EPS of $0.28, $0.09 better than the analyst estimate of $0.19. Revenue for the quarter came in at $290 million versus the consensus estimate of $289.62 million. Sees Q4 adj-EPS of 26-27c, vs. the consensus of 26c. Sees sales of $289-$292 million, vs. the consensus of $292.5 million. Raises its FY12 adj-EPS guidance from $1.03-$1.05 to $1.07-$1.08, vs. the Street estimate of $1.05.
Agria (NYSE: GRO) 7.2% LOWER; stock continuing lower today following a nearly 50 percent surge last week. Shares fell 6.7 percent yesterday.
Clearwire (Nasdaq: CLWR) 6% LOWER; after opening today's session about 4 percent higher, the stock began selling off and head turned into the red by 11am ET. Traders may be selling Clearwire as a play on Sprint (NYSE: S) and AT&T (NYSE: T) possibly getting more involved with T-Mobile USA no longer in the picture.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Targacept, Inc. (Nasdaq: TRGT) 36% LOWER; AstraZeneca (NYSE: AZN) and Targacept announced top-line results from the second of four RENAISSANCE Phase 3 studies investigating the efficacy and tolerability of TC-5214 as an adjunct therapy to an antidepressant in patients with major depressive disorder who do not respond adequately to initial antidepressant treatment. Click here to see the full report.
Canadian Solar Inc. (NASDAQ: CSIQ) 34% HIGHER; today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., has entered into a sales agreement with TransCanada Corporation (NYSE: TRP), whereby TransCanada will acquire from Canadian Solar a 86 MW AC solar project portfolio for approximately $470 million Canadian dollars.
Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX) 29.9% HIGHER; Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) and Progenics today announced the successful outcome of the Phase 3 trial to evaluate the efficacy and safety of oral methylnaltrexone for the treatment of opioid-induced constipation in subjects with chronic, non-cancer pain. Click here for more details.
Noah Education Holdings (NYSE: NED) 29.7% HIGHER; shares are up today on no news but extremely larger volumes.
Double Eagle Petroleum (Nasdaq: DBLE) 23.1% HIGHER; after bouncing off support at $6, shares are now over the $7 level. Volume is very heavy today.
Prestige Brands Holdings, Inc. (NYSE: PBH) 22.2% HIGHER; has signed a definitive agreements with Glaxo (NYSE: GSK) to acquire 17 over-the-counter pharmaceutical brands sold in North America for a total of $660 million in cash.
Star Bulk Carriers (Nasdaq: SBLK) 9.6% LOWER; after vacillating very closely to the $1 level over the last few trading sessions, the stock has pushed below this support level today. Volume has spiked sharply higher today.
Red Hat, Inc. (NYSE: RHT) 8.8% LOWER; reported Q3 EPS of $0.28, $0.09 better than the analyst estimate of $0.19. Revenue for the quarter came in at $290 million versus the consensus estimate of $289.62 million. Sees Q4 adj-EPS of 26-27c, vs. the consensus of 26c. Sees sales of $289-$292 million, vs. the consensus of $292.5 million. Raises its FY12 adj-EPS guidance from $1.03-$1.05 to $1.07-$1.08, vs. the Street estimate of $1.05.
Agria (NYSE: GRO) 7.2% LOWER; stock continuing lower today following a nearly 50 percent surge last week. Shares fell 6.7 percent yesterday.
Clearwire (Nasdaq: CLWR) 6% LOWER; after opening today's session about 4 percent higher, the stock began selling off and head turned into the red by 11am ET. Traders may be selling Clearwire as a play on Sprint (NYSE: S) and AT&T (NYSE: T) possibly getting more involved with T-Mobile USA no longer in the picture.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Notable Analyst Rating Changes 05/24: (PPG) (WPI) (DUK) Upgraded; (BHI) (HGSI) (COG) Downgraded
- Notable ETF Movers of the Day 05/24: (EPI) (SLV) (VXX) Higher; (UNG) (FXI) Lower
- Notable 52-Week Highs and Lows of the Day 05/24: (LCC) (PETM) (DUK) High; (NTAP) (RIMM) (CPRX) Low
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Unusual 11 Mid-Day MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
