Unusual 11 Mid-Day Movers 7/6: MRCY, PLX, OXGN, SNWL Higher; RGS, TSTR, SPPI, AXL Lower
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Regis Corporation (NYSE: RGS) 22.1% LOWER; intends to offer approximately 11,500,000 shares of common stock in an underwritten public offering and $125 million in convertible senior notes due 2014. Also issued Q4 sales results. Click here for the full report.
TerreStar (Nasdaq: TSTR) 16.4% LOWER; shares are continuing lower this week on heavy volume as technicians remain focused on this small cap stock. Shares have fallen more than 23% over the last 2 trading sessions.
Spectrum Pharmaceuticals (Nasdaq: SPPI) 15.2% LOWER; today announced that it has received a Complete Response letter from the U.S. FDA regarding its supplemental Biologics License Application for ZEVALIN(R) (ibritumomab tiuxetan) in the first-line consolidation setting for non-Hodgkin's Lymphoma patients. Here is the full report.
Mercury Computer Systems Inc. (Nasdaq: MRCY) 14.2% HIGHER; the stock is spiking today amid no company-specific news but heavier-than-normal trading volume.
Protalix BioTherapeutics, Inc. (NYSE: PLX) 13.3% HIGHER; announced that it was approached by the FDA and asked to consider submitting a treatment protocol for the use of prGCD in patients with Gaucher disease in order to address an expected shortage of Genzyme's (Nasdaq: GENZ) Cerezyme(R). Thomas Weisel also issued a report saying Protalix could see a huge opportunity due to Genzyme's plant shut-down.
American Axle (NYSE: AXL) 13.2% LOWER; auto suppliers are falling today as GM received US Bankruptcy Court approval for the sale of assets to NGMCO. Shares of GM (OTC: GMGMQ) are currently down 13% to $0.714.
Clear Channel Outdoor (NYSE: CCO) 13.1% LOWER; according to a NY Post article, Clear Channel is "running out of options" following a weak $3 billion bond offering.
OXiGENE, Inc. (Nasdaq: OXGN) 12% HIGHER; announced that the Company exercised its option to acquire all of the equity of Symphony ViDA, Inc. in exchange for six million newly-issued shares of OXiGENE common stock, subject to adjustments. Click here to see the full report.
SonicWALL (Nasdaq: SNWL) 11.1% HIGHER; upgraded from Hold to Buy at Lazard Capital Markets.
Eastman Kodak Co. (NYSE: EK) 7.4% HIGHER; EK is the best performing stock in the S&P 500 today. We are not hearing any news that would justify today's sharp move higher. Volume seems to be about average.
Central European Media Enterprises (Nasdaq: CETV) 6% HIGHER; upgraded at Morgan Joseph to Buy.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
TerreStar (Nasdaq: TSTR) 16.4% LOWER; shares are continuing lower this week on heavy volume as technicians remain focused on this small cap stock. Shares have fallen more than 23% over the last 2 trading sessions.
Spectrum Pharmaceuticals (Nasdaq: SPPI) 15.2% LOWER; today announced that it has received a Complete Response letter from the U.S. FDA regarding its supplemental Biologics License Application for ZEVALIN(R) (ibritumomab tiuxetan) in the first-line consolidation setting for non-Hodgkin's Lymphoma patients. Here is the full report.
Mercury Computer Systems Inc. (Nasdaq: MRCY) 14.2% HIGHER; the stock is spiking today amid no company-specific news but heavier-than-normal trading volume.
Protalix BioTherapeutics, Inc. (NYSE: PLX) 13.3% HIGHER; announced that it was approached by the FDA and asked to consider submitting a treatment protocol for the use of prGCD in patients with Gaucher disease in order to address an expected shortage of Genzyme's (Nasdaq: GENZ) Cerezyme(R). Thomas Weisel also issued a report saying Protalix could see a huge opportunity due to Genzyme's plant shut-down.
American Axle (NYSE: AXL) 13.2% LOWER; auto suppliers are falling today as GM received US Bankruptcy Court approval for the sale of assets to NGMCO. Shares of GM (OTC: GMGMQ) are currently down 13% to $0.714.
Clear Channel Outdoor (NYSE: CCO) 13.1% LOWER; according to a NY Post article, Clear Channel is "running out of options" following a weak $3 billion bond offering.
OXiGENE, Inc. (Nasdaq: OXGN) 12% HIGHER; announced that the Company exercised its option to acquire all of the equity of Symphony ViDA, Inc. in exchange for six million newly-issued shares of OXiGENE common stock, subject to adjustments. Click here to see the full report.
SonicWALL (Nasdaq: SNWL) 11.1% HIGHER; upgraded from Hold to Buy at Lazard Capital Markets.
Eastman Kodak Co. (NYSE: EK) 7.4% HIGHER; EK is the best performing stock in the S&P 500 today. We are not hearing any news that would justify today's sharp move higher. Volume seems to be about average.
Central European Media Enterprises (Nasdaq: CETV) 6% HIGHER; upgraded at Morgan Joseph to Buy.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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