Unusual 11 Mid-Day Movers 12/21: XOMA, LCRD, MATK, ACUR, JTX, IVAN Higher; ICOP, CPY, ORN, BASI, KNDI Lower
ICOP Digital, Inc. (Nasdaq: ICOP) 57.9% LOWER; after the market yesterday, the company said that it doesn't have enough cash to meet its December 31 payroll and that it will be suspending operations until financing is obtained.
XOMA Ltd. (Nasdaq: XOMA) 43.3% HIGHER; seeing a move higher today, possibly on comments by a Summer Street analyst, who is expecting positive data on '052 in early January.
LaserCard (Nasdaq: LCRD) 39.4% HIGHER; to be acquired by ASSA ABLOY for $6.25/share. Click here to see the full report.
Martek Biosciences (Nasdaq: MATK) 35.3% HIGHER; announced plans to be acquired by DSM for $31.50 per share in cash, or $1.087 billion. The agreed price represents a premium of 35% to Martek's closing share price of US$23.36 on December 20, 2010.
Acura Pharmaceuticals, Inc. (Nasdaq: ACUR) 25.9% HIGHER; strong buying above the $3.00 price level today. Yesterday, King Pharma (NYSE: KG) announced that they submitted a New Drug Application (NDA) for ACUROX (oxycodone HCl) Tablets to the U.S. Food and Drug Administration (FDA), including a request for priority review classification.
CPI Corp. (NYSE: CPY) 23.0% LOWER; reports Q3 adjusted loss of $0.75, versus the analyst estimate of ($1.28). Revenue for the quarter came in at $106.2 million, versus the consensus estimate of $104.20 million. Comps down 10%.
Orion Marine Group, Inc. (NYSE: ORN) 21.4% LOWER; announced the following revised outlook. They see a material charge in Q410 revs and EBITDA. They're also lowering their FY10 revs outlook from $360 - $370 million to $345 - $355 million, and FY11 EBITDA margin goal from 16% - 18% to 14% - 16%. Consensus is looking for FY10 revs of $364.55 million.
Bioanalytical Systems (Nasdaq: BASI) 18.3% LOWER; correcting today following five straight days of upside. Over this period, the stock surged a whopping 118%. Traders likely taking profits this morning.
Kandi Technologies, Corp. (Nasdaq: KNDI) 18.1% LOWER; announced that they have entered into a Securities Purchase Agreement calling for the issuance of 3,027,272 shares of common stock at a price of $5.50 per share, for an aggregate gain of about $16.6 million.
Jackson Hewitt Tax Service (NYSE: JTX) 14.6% HIGHER; continuing higher following a 12% surge on Friday and a 22% rise yesterday. The stock has more than doubled since the beginning of December.
Ivanhoe Energy, Inc. (Nasdaq: IVAN) 12.6% HIGHER; announces a significant gas discovery at Sunwing's Yixin-2 well in Southwest China. Gas from the well flowed at rates of up to 13 million cubic feet per day, and averaged 9 to 10 million cubic feet per day during the initial 24-hour test period. Gas is flowing from the Xu-4 Formation, a well established gas-producing formation in the region.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
XOMA Ltd. (Nasdaq: XOMA) 43.3% HIGHER; seeing a move higher today, possibly on comments by a Summer Street analyst, who is expecting positive data on '052 in early January.
LaserCard (Nasdaq: LCRD) 39.4% HIGHER; to be acquired by ASSA ABLOY for $6.25/share. Click here to see the full report.
Martek Biosciences (Nasdaq: MATK) 35.3% HIGHER; announced plans to be acquired by DSM for $31.50 per share in cash, or $1.087 billion. The agreed price represents a premium of 35% to Martek's closing share price of US$23.36 on December 20, 2010.
Acura Pharmaceuticals, Inc. (Nasdaq: ACUR) 25.9% HIGHER; strong buying above the $3.00 price level today. Yesterday, King Pharma (NYSE: KG) announced that they submitted a New Drug Application (NDA) for ACUROX (oxycodone HCl) Tablets to the U.S. Food and Drug Administration (FDA), including a request for priority review classification.
CPI Corp. (NYSE: CPY) 23.0% LOWER; reports Q3 adjusted loss of $0.75, versus the analyst estimate of ($1.28). Revenue for the quarter came in at $106.2 million, versus the consensus estimate of $104.20 million. Comps down 10%.
Orion Marine Group, Inc. (NYSE: ORN) 21.4% LOWER; announced the following revised outlook. They see a material charge in Q410 revs and EBITDA. They're also lowering their FY10 revs outlook from $360 - $370 million to $345 - $355 million, and FY11 EBITDA margin goal from 16% - 18% to 14% - 16%. Consensus is looking for FY10 revs of $364.55 million.
Bioanalytical Systems (Nasdaq: BASI) 18.3% LOWER; correcting today following five straight days of upside. Over this period, the stock surged a whopping 118%. Traders likely taking profits this morning.
Kandi Technologies, Corp. (Nasdaq: KNDI) 18.1% LOWER; announced that they have entered into a Securities Purchase Agreement calling for the issuance of 3,027,272 shares of common stock at a price of $5.50 per share, for an aggregate gain of about $16.6 million.
Jackson Hewitt Tax Service (NYSE: JTX) 14.6% HIGHER; continuing higher following a 12% surge on Friday and a 22% rise yesterday. The stock has more than doubled since the beginning of December.
Ivanhoe Energy, Inc. (Nasdaq: IVAN) 12.6% HIGHER; announces a significant gas discovery at Sunwing's Yixin-2 well in Southwest China. Gas from the well flowed at rates of up to 13 million cubic feet per day, and averaged 9 to 10 million cubic feet per day during the initial 24-hour test period. Gas is flowing from the Xu-4 Formation, a well established gas-producing formation in the region.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
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