Unusual 11 Mid-Day Movers 9/13: (NYMX) (LMCA) (ISIL) Higher; (AGTC) (AVXL) (INAP) Lower
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Applied Genetic Technologies (Nasdaq: AGTC) 31.7% LOWER; reported Q4 EPS of $0.15, $0.08 better than the analyst estimate of $0.07. Revenue for the quarter came in at $12.1 million versus the consensus estimate of $12.93 million.
Liberty Media (Nasdaq: LMCA) 15.6% HIGHER; Citi upgraded Liberty Media from Neutral to Buy with a price target of $32.
Anavex Life Sciences Corp. (Nasdaq: AVXL) 14.3% LOWER; filed to sell up to $100 million of common stock and warrants and up to 6,754,609 shares of common stock on behalf of a selling shareholder.
Internap Corporation (Nasdaq: INAP) 10.9% LOWER; announced that Peter Aquino, a 30-year technology, media and telecommunications (TMT) industry veteran, has been appointed president and chief executive officer and a member of the company's board of directors, effective on September 19, 2016.
LSB Industries Inc. (NYSE: LXU) 10.5% LOWER; On September 13, 2016, LSB Industries, Inc. (“LSB” or the “Company”) posted an Investor Presentation, dated September 2016 on the Company’s website, http://investors.lsbindustries.com. The content of such website is included for general information only and is not incorporated by reference in this Form 8-K.
Intersil Corporation (Nasdaq: ISIL) 9.9% HIGHER; Renesas Electronics Corporation and Intersil announced they have signed a definitive agreement for Renesas to acquire Intersil for $22.50 per share in cash, representing an aggregate equity value of approximately $3.2 billion.
WPCS Int'l (Nasdaq: WPCS) 7.7% HIGHER; reported Q1 EPS of $0.14, versus ($2.84) reported last year. Revenue for the quarter came in at $3.42 million, versus $4.46 million reported last year.
Corbus Pharmaceuticals Holdings, Inc. (Nasdaq: CRBP) 6.3% HIGHER; announced that it has completed subject enrollment in its Phase 2 clinical study of Resunab for the treatment of cystic fibrosis.
Axcelis Technologies, Inc. (Nasdaq: ACLS) 5.5% HIGHER; announced a multi system order for the Company's Purion M™ medium current implanter from a leading power device chipmaker, as well as the shipment of several Purion M systems to specialty device manufacturers. The systems feature Axcelis' innovative new solution for high temperature silicon carbide processing, and will be used in high volume production of power devices and specialty logic chips supporting automotive, mobile and the Internet of Things market spaces. The systems are scheduled to ship in the third and fourth quarter.
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