Unusual 11 Mid-Day Movers 8/19: (GEO) (CRMT) (CSPI) Higher; (STEM) (ZEUS) (JRJC) Lower

August 19, 2016 12:54 PM EDT
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StemCells (Nasdaq: STEM) 20.5% LOWER; shares continuing to pare-back gains following a run to nearly $3 earlier this week.

GEO Group, Inc. (NYSE: GEO) 18.4% HIGHER; rebounding following Thursday's sharp DOJ-related decline.

Olympic Steel (Nasdaq: ZEUS) 16.0% LOWER; KeyBanc downgraded Olympic Steel (Nasdaq: ZEUS) from Sector Weight to Underweight with a price target of $21.

China Finance Online (Nasdaq: JRJC) 16.0% LOWER; reported Q2 EPS of $0.50, versus $0.08 reported last year. Revenue for the quarter came in at $16 million, versus $23.1 million reported last year.

Pure Storage (NYSE: PSTG) 14.9% LOWER; OTR Global downgraded Pure Storage from Mixed to Negative.

America's Car Mart (Nasdaq: CRMT) 13.5% HIGHER; reported Q1 EPS of $0.87, $0.41 better than the analyst estimate of $0.46. Revenue for the quarter came in at $146 million versus the consensus estimate of $154.36 million.

CSP Inc. (Nasdaq: CSPI) 13.3% HIGHER; posted Q3 results. For the third quarter of fiscal 2016, revenue was $26.9 million compared with $22.3 million in the third quarter a year ago. Net income for the third quarter of fiscal 2016 was $1.3 million, or $0.32 per diluted share, compared with net income of $249,000, or $0.07 diluted per share, in the third quarter of fiscal 2015.

New York & Co. (NYSE: NWY) 12.9% HIGHER; reported Q2 EPS of $0.01, $0.01 better than the analyst estimate of $0.00. Revenue for the quarter came in at $232.8 million versus the consensus estimate of $226.92 million.

Corrections Corp. (NYSE: CXW) 12.4% HIGHER; see GEO Group above.

DeVry Education Group (NYSE: DV) 11.1% HIGHER; reported Q4 EPS of $0.65, $0.05 better than the analyst estimate of $0.60. Revenue for the quarter came in at $471.7 million versus the consensus estimate of $461.9 million. For the full year, revenue is expected to be flat compared to the prior year and earnings before special items to grow in the mid-single digits as compared to the prior year. Full year capital spending is expected to be in the $80 million range. The effective income tax rate for the fiscal year is expected to be approximately 23 percent, before special items.

Power Solutions International, Inc. (Nasdaq: PSIX) 10.0% LOWER; announced that, as expected, the Company received a notice from The Nasdaq Stock Market (“Nasdaq”) on August 16, 2016, stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it did not timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 with the Securities and Exchange Commission.

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