Unusual 11 Mid-Day Movers 8/4: WUHN, XRM, WNC, GGC Higher; WPTE, PNX, HLF, PTRY Lower
Wuhan General Group China (Nasdaq: WUHN) 66.7% HIGHER; jumping over the $2 level today amid no news. Shares of Wuhan have already traded hands about 300,000 times, which compares to the stock's average daily volume of just 7,000 shares. Notably, the stock has not been over the $2 level since mid-April.
Xerium Technologies (NYSE: XRM) 39.8% HIGHER; the stock is continuing to breakout today, adding to yesterday's 12% jump on no news. The stock has already traded 1.7 million times, which compares to its average daily volume of 332,000 shares.
Wabash National (NYSE: WNC) 39.1% HIGHER; shares jumped more than 60% yesterday on news that the company successfully closed the previously announced $35 million investment in the Company by Trailer Investments, LLC. Shares are continuing higher on heavy volume.
Georgia Gulf (NYSE: GGC) 35.9% HIGHER; since announcing an easing on its debt exchange and covenants on Thursday of last week, shares have jumped more than 280%, and are continuing higher today.
WPT Enterprises, Inc. (Nasdaq: WPTE) 28.8% LOWER; today announced that Gamynia Limited, a company which forms part of a privately held investment group with substantial holdings in a range of diversified assets, has agreed to acquire substantially all of the Company's operating assets other than cash, investments and certain excluded assets. Gamynia will pay the Company $9,075,000 plus a percentage of future revenues earned by Gamynia from the World Poker Tour(R) and Professional Poker Tour(R) brands. Click here for the full report.
Orbitz Worldwide (NYSE: OWW) 27.8% HIGHER; shares of Orbitz jumped more than 20% yesterday on the back of an analyst upgrade to Buy.
Entercom Communications (NYSE: ETM) 17.6% HIGHER; reports Q2 EPS of $0.29, 4 cents lower than the analyst estimate of $0.33. Revenue for the quarter was $101.3 million, versus the consensus of $99.92 million.
The Phoenix Companies, Inc. (NYSE: PNX) 16.9% LOWER; eports Q2 EPS of $0.12, ex-items, 3 cents better than the analyst estimate of $0.09. Revenue for the quarter was $525.7 million, versus the consensus of $564.72 million.
Herbalife Ltd. (NYSE: HLF) 12.5% LOWER; reports Q2 EPS of $0.78, 6 cents better than the analyst estimate of $0.72. Revenue for the quarter was $571.8 million, versus the consensus of $549.67 million. Sees Q3 EPS 66c to 69c versus which may not compare to 81 cents consensus. Sees FY09 EPS $2.97 to $3.03 which may not compare to $2.98.
Pantry Inc. (Nasdaq: PTRY) 12.1% LOWER; reports Q3 EPS of breakeven, which may not compare to the analyst estimate of $0.45. Revenue for the quarter was $1.63 billion, versus the consensus of $1.63 billion. Sees 2009 merchandise revenues of $1.65-$1.66 billion and retail gasoline sales of $2.06-$2.07 billion.
PPL Corporation (NYSE: PPL) 11.7% LOWER; reports Q2 EPS of $0.32, ex-items, 8 cents lower than the analyst estimate of $0.40. Revenue for the quarter was $1.67 billion, versus the consensus of $1.69 billion. Reaffirms its FY09 forecast. Lowers its FY10 EPS guidance from $3.60-$4.20 to $3.10-$3.50, which compares to the Street estimate of $3.65.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Xerium Technologies (NYSE: XRM) 39.8% HIGHER; the stock is continuing to breakout today, adding to yesterday's 12% jump on no news. The stock has already traded 1.7 million times, which compares to its average daily volume of 332,000 shares.
Wabash National (NYSE: WNC) 39.1% HIGHER; shares jumped more than 60% yesterday on news that the company successfully closed the previously announced $35 million investment in the Company by Trailer Investments, LLC. Shares are continuing higher on heavy volume.
Georgia Gulf (NYSE: GGC) 35.9% HIGHER; since announcing an easing on its debt exchange and covenants on Thursday of last week, shares have jumped more than 280%, and are continuing higher today.
WPT Enterprises, Inc. (Nasdaq: WPTE) 28.8% LOWER; today announced that Gamynia Limited, a company which forms part of a privately held investment group with substantial holdings in a range of diversified assets, has agreed to acquire substantially all of the Company's operating assets other than cash, investments and certain excluded assets. Gamynia will pay the Company $9,075,000 plus a percentage of future revenues earned by Gamynia from the World Poker Tour(R) and Professional Poker Tour(R) brands. Click here for the full report.
Orbitz Worldwide (NYSE: OWW) 27.8% HIGHER; shares of Orbitz jumped more than 20% yesterday on the back of an analyst upgrade to Buy.
Entercom Communications (NYSE: ETM) 17.6% HIGHER; reports Q2 EPS of $0.29, 4 cents lower than the analyst estimate of $0.33. Revenue for the quarter was $101.3 million, versus the consensus of $99.92 million.
The Phoenix Companies, Inc. (NYSE: PNX) 16.9% LOWER; eports Q2 EPS of $0.12, ex-items, 3 cents better than the analyst estimate of $0.09. Revenue for the quarter was $525.7 million, versus the consensus of $564.72 million.
Herbalife Ltd. (NYSE: HLF) 12.5% LOWER; reports Q2 EPS of $0.78, 6 cents better than the analyst estimate of $0.72. Revenue for the quarter was $571.8 million, versus the consensus of $549.67 million. Sees Q3 EPS 66c to 69c versus which may not compare to 81 cents consensus. Sees FY09 EPS $2.97 to $3.03 which may not compare to $2.98.
Pantry Inc. (Nasdaq: PTRY) 12.1% LOWER; reports Q3 EPS of breakeven, which may not compare to the analyst estimate of $0.45. Revenue for the quarter was $1.63 billion, versus the consensus of $1.63 billion. Sees 2009 merchandise revenues of $1.65-$1.66 billion and retail gasoline sales of $2.06-$2.07 billion.
PPL Corporation (NYSE: PPL) 11.7% LOWER; reports Q2 EPS of $0.32, ex-items, 8 cents lower than the analyst estimate of $0.40. Revenue for the quarter was $1.67 billion, versus the consensus of $1.69 billion. Reaffirms its FY09 forecast. Lowers its FY10 EPS guidance from $3.60-$4.20 to $3.10-$3.50, which compares to the Street estimate of $3.65.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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