Unusual 11 Mid-Day Movers 9/15: NAPS, KEM, MER, MNKD Higher; LEH, ACLS, AIG, WB Lower

September 15, 2008 12:05 PM EDT

Lehman Brothers (NYSE: LEH) 95.4% LOWER; Files bankruptcy after unsuccessful sale efforts this weekend.

Napster Inc. (Nasdaq: NAPS) 86.8% HIGHER; Best Buy (NYSE: BBY) to acquire Napster for $2.65 per share.

Axcelis Technologies (Nasdaq: ACLS) 66.3% LOWER; in a Form 8-K, SHI announced that it will not make an offer to acquire Axcelis.

AIG (NYSE: AIG) 56.6% LOWER; the stock is absolutely plummeting today as the company scrambles to sell assets in an effort to raise more capital.

KEMET Corporation (NYSE: KEM) 26.6% HIGHER; today announced that it has sold its Wet Tantalum assets to a wholly-owned subsidiary of Vishay Intertechnology, Inc. (NYSE: VSH) for $35.2 million and other consideration in the form of a three-year term loan of $15 million.

Wachovia (NYSE: WB) 23.2% LOWER; financials are sinking amid the Lehman news.

Merrill Lynch (NYSE: MER) 24.8% HIGHER; Banc of America buy Merrill Lynch in $50 billion stock-for-stock deal.

Take-Two Interactive (Nasdaq: TTWO) 24.7% LOWER; yesterday, Electronic Arts (Nasdaq: ERTS) announced that it has terminated its bid for Take-Two.

MannKind Corp. (Nasdaq: MNKD) 15.8% HIGHER; announced today that it will present at the UBS Global Life Sciences Conference on Tuesday, September 23, 2008 at 10:00 AM ET at the Grand Hyatt in New York.

UAL Corp. (Nasdaq: UAUA) 9.7% HIGHER; crude oil has broken through the $100 level today and is currently down nearly $4 to $97.22. Additionally, analysts at UBS upgraded several airline stocks to Buy today, saying lower fuel prices are significant and could lead to better-than-expected earnings: UAL, Continental (NYSE: CAL), Delta Air Lines (NYSE: DAL), Northwest (NYSE: NWA) and US Airways (NYSE: LCC). Morgan Stanley also upgraded UAL this morning.

AMR Corp. (NYSE: AMR) 8.6% HIGHER; in addition to an upgrade over at Morgan Stanley, AMR is feeling a substantial jump on the back of drastically sliding crude prices. Also, with about 14.5% of its float shorted at the beginning of September, AMR's move today could be getting intensified by short sellers covering their downside bets.


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Stocks Mentioned

ACLS 1.17

+0.30 +34.48%
Volume: 4,038,349
Track ACLS

AIG 35.48

-3.80 -9.67%
Volume: 40,324,681
Track AIG

AMR 5.65

+0.23 +4.24%
Volume: 19,127,465
Track AMR

BBY 40.24

+0.19 +0.47%
Volume: 3,831,106
Track BBY

CAL 12.77

+1.03 +8.77%
Volume: 11,533,613
Track CAL

DAL 7.79

+0.46 +6.28%
Volume: 9,312,552
Track DAL

ERTS 19.00

+0.84 +4.63%
Volume: 11,028,239
Track ERTS

KEM 0.25

+0.00 +0.00%
Volume: 15,625,984
Track KEM

LCC 3.19

+0.24 +8.14%
Volume: 12,495,396
Track LCC

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

MER 11.64

+0.00 +0.00%
Volume: 49,928,111
Track MER

MNKD 5.72

+0.08 +1.42%
Volume: 1,203,082
Track MNKD

NAPS 2.64

+0.00 +0.00%
Volume: 72,477
Track NAPS

NWA 9.90

+0.00 +0.00%
Volume: 15,676,884
Track NWA

TTWO 11.41

-0.01 -0.09%
Volume: 746,930
Track TTWO

UAUA 6.96

+0.44 +6.75%
Volume: 10,359,736
Track UAUA

VSH 6.97

-0.09 -1.27%
Volume: 969,797
Track VSH

WB 5.54

+0.00 +0.00%
Volume: 79,673,174
Track WB


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