Unusual 11 Mid-Day Movers 4/23: CSNT, MBTF, IBNK, STSA, TIBB Higher; ACUR, AERG, PXLW, OPLK Lower
Crescent Banking (Nasdaq: CSNT) 104.9% HIGHER; the stock is continuing higher following a 50% jump yesterday. Regional banks are absolutely en fuego recently.
MBT Financial Corp. (Nasdaq: MBTF) 62.1% HIGHER; reports Q1 EPS of $0.02, versus ($0.08) reported for the same period a year ago.
Integra Bank (Nasdaq: IBNK) 60.2% HIGHER; shares of IBNK surged 15% on Wednesday and another 37% yesterday. Regional banks are insane lately.
Sterling Financial (Nasdaq: STSA) 54% HIGHER; rising with the entire regional banking group. Notably, in a press release from last night, JD Power and Associates ranked Sterling Savings Bank the best bank in the northwest.
TIB Financial (Nasdaq: TIBB) 41.1% HIGHER; regional banker
Bank of Florida (Nasdaq: BOFL) 40.7% HIGHER; regional banker
Acura Pharmaceuticals, Inc. (Nasdaq: ACUR) 31.7% LOWER; Acura and King Pharmaceuticals, Inc. (NYSE: KG) today announced that the U.S. FDA Anesthetic and Life Support Drugs and Drug Safety and Risk Management Committees voted that they do not have enough evidence to support the approval of the New Drug Application for Acurox (oxycodone HCl and niacin) Tablets for the treatment of moderate to severe pain, considering the deterrent effects of niacin as well as the potential deterrent effects of the other features specific to Acurox. The addition of niacin to Acurox was central to the deliberations. The FDA is not bound by the Advisory Committees' recommendation, but may take its advice into consideration when evaluating the NDA for Acurox Tablets. Acura and King will work with the FDA to determine the next steps for the Acurox® development program.
Applied Energetics (Nasdaq: AERG) 14.5% LOWER; shares have surged by more than 230% since the beginning of the March, with most of the upside coming in just April. Traders may be taking profits today then, especially since the company's COO Joe Hayden recently did too. On Monday and Tuesday the exec sold 100,000 shares of common stock, leaving still a massive position of nearly 6 million shares.
Pixelworks Inc. (Nasdaq: PXLW) 14.1% LOWER; reports Q1 EPS of $0.37, 7 cents better than the analyst estimate of $0.30. Revenue for the quarter was $18.7 million, which compares to $10.8 million reported for the same period last year. Sees Q2 EPS of ($0.16) - $0.04. Sees Q2 sales of $17.5 - $19.5 million.
Oplink Communications (Nasdaq: OPLK) 13.6% LOWER; reports Q3 EPS of $0.22, 8 cents better than the analyst estimate of $0.14. Revenue for the quarter was $33.6 million, which compares to the estimate of $33 million. Sees Q4 EPS of $0.16-$0.22, versus the consensus of $0.14. Sees Q4 sales of $35-38 million, versus the consensus of $34.3 million.
Avid Technologies (Nasdaq: AVID) 11.7% LOWER; reports Q1 non-GAAP loss of $0.12, versus the analyst estimate of ($0.06). Revenue for the quarter was $156 million, which compares to the estimate of $156.15 million. The stock was also downgraded to Underweight at JPMorgan.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
MBT Financial Corp. (Nasdaq: MBTF) 62.1% HIGHER; reports Q1 EPS of $0.02, versus ($0.08) reported for the same period a year ago.
Integra Bank (Nasdaq: IBNK) 60.2% HIGHER; shares of IBNK surged 15% on Wednesday and another 37% yesterday. Regional banks are insane lately.
Sterling Financial (Nasdaq: STSA) 54% HIGHER; rising with the entire regional banking group. Notably, in a press release from last night, JD Power and Associates ranked Sterling Savings Bank the best bank in the northwest.
TIB Financial (Nasdaq: TIBB) 41.1% HIGHER; regional banker
Bank of Florida (Nasdaq: BOFL) 40.7% HIGHER; regional banker
Acura Pharmaceuticals, Inc. (Nasdaq: ACUR) 31.7% LOWER; Acura and King Pharmaceuticals, Inc. (NYSE: KG) today announced that the U.S. FDA Anesthetic and Life Support Drugs and Drug Safety and Risk Management Committees voted that they do not have enough evidence to support the approval of the New Drug Application for Acurox (oxycodone HCl and niacin) Tablets for the treatment of moderate to severe pain, considering the deterrent effects of niacin as well as the potential deterrent effects of the other features specific to Acurox. The addition of niacin to Acurox was central to the deliberations. The FDA is not bound by the Advisory Committees' recommendation, but may take its advice into consideration when evaluating the NDA for Acurox Tablets. Acura and King will work with the FDA to determine the next steps for the Acurox® development program.
Applied Energetics (Nasdaq: AERG) 14.5% LOWER; shares have surged by more than 230% since the beginning of the March, with most of the upside coming in just April. Traders may be taking profits today then, especially since the company's COO Joe Hayden recently did too. On Monday and Tuesday the exec sold 100,000 shares of common stock, leaving still a massive position of nearly 6 million shares.
Pixelworks Inc. (Nasdaq: PXLW) 14.1% LOWER; reports Q1 EPS of $0.37, 7 cents better than the analyst estimate of $0.30. Revenue for the quarter was $18.7 million, which compares to $10.8 million reported for the same period last year. Sees Q2 EPS of ($0.16) - $0.04. Sees Q2 sales of $17.5 - $19.5 million.
Oplink Communications (Nasdaq: OPLK) 13.6% LOWER; reports Q3 EPS of $0.22, 8 cents better than the analyst estimate of $0.14. Revenue for the quarter was $33.6 million, which compares to the estimate of $33 million. Sees Q4 EPS of $0.16-$0.22, versus the consensus of $0.14. Sees Q4 sales of $35-38 million, versus the consensus of $34.3 million.
Avid Technologies (Nasdaq: AVID) 11.7% LOWER; reports Q1 non-GAAP loss of $0.12, versus the analyst estimate of ($0.06). Revenue for the quarter was $156 million, which compares to the estimate of $156.15 million. The stock was also downgraded to Underweight at JPMorgan.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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