Unusual 11 Mid-Day Movers 8/16: (STEM) (AUPH) (SITO) Higher; (HAIN) (MEET) (VRS) Lower

August 16, 2016 12:59 PM EDT
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StemCells, Inc. (Nasdaq: STEM) 268.0% HIGHER; StemCells and Microbot Medical Ltd., a private company organized under the laws of the State of Israel (“Microbot”), announced that they have entered into a definitive merger agreement, with plans to pursue the development of robotics based medical devices for the treatment of cerebrospinal fluid and gastrointestinal disorders, as well as other conditions.

Aurinia Pharmaceuticals (Nasdaq: AUPH) 30.0% HIGHER; rebounding following a 56 percent drop on Monday.

SITO Mobile Ltd. (Nasdaq: SITO) 27.0% HIGHER; reported Q2 results. Total revenue was $9.9 million, an increase of 168% year-over-year. GAAP EPS was $0.04, versus a loss of $0.07 per share in Q215.

The Hain Celestial Group, Inc. (Nasdaq: HAIN) 25.1% LOWER; announced that it will delay the release of its fourth quarter and fiscal year 2016 financial results. During the fourth quarter, the Company identified concessions that were granted to certain distributors in the United States. The Company is currently evaluating whether the revenue associated with those concessions was accounted for in the correct period and is also currently evaluating its internal control over financial reporting.

Comstock Resources, Inc. (NYSE: CRK) 21.7% HIGHER; announced an amendment to its previously announced offer to exchange any and all of its existing senior notes for three new series of secured notes and, in the case of the Company's 10% Senior Secured Notes due 2020, warrants exercisable for the Company's common stock, upon the terms and subject to the conditions set forth in the Registration Statement on Form S-4 filed on August 1, 2016 with the Securities and Exchange Commission.

Tofutti Brands (NYSE: TOF) 21.3% HIGHER; reported Q2 results. Net sales for the thirteen weeks ended July 2, 2016 of $3,554,000, a decrease of $70,000, or 2%, compared to net sales of $3,624,000 for the thirteen weeks ended June 27, 2015. The Company had net income of $194,000, or $0.04 per share (basic and diluted), for the thirteen weeks ended July 2, 2016, compared to a net loss of $24,000, or $0 per share (basic and diluted), for the thirteen weeks ended June 27, 2015.

MeetMe (Nasdaq: MEET) 21.2% LOWER; lower amid a negative blog post today.

G&K Services, Inc. (Nasdaq: GK) 17.7% HIGHER; Cintas Corp. and G&K Services announced that they have entered into a definitive agreement under which Cintas will acquire all outstanding shares of G&K Services for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired net debt.

Verso Corporation (NYSE: VRS) 14.0% LOWER; reported Q2 results. Net sales for the second quarter of 2016 were 19% lower than the second quarter of 2015. Net loss was $33 million, versus $60 million posted in Q215.

SkyPeople Fruit Juice (Nasdaq: SPU) 12.8% LOWER; SkyPeople Fruit Juice is unable to file this Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 within the prescribed time period without unreasonable effort or expense because additional time is required to complete the preparation of the Company's financial statements in time for filing.

Heat Biologics (Nasdaq: HTBX) 12.3% LOWER; On August 15, 2016, Heat Biologics, Inc. (the “Company”) and FBR Capital Markets & Co. (“FBR”) entered into an At Market Issuance Sales Agreement (the “Sales Agreement”) pursuant to which the Company may sell from time to time, at its option, shares of its common stock, par value $0.0002 per share, having an aggregate offering price of up to $10,500,000 through FBR, as sales agent.

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