Unusual 11 Mid-Day Movers 9/15: NAPS, KEM, MER, MNKD Higher; LEH, ACLS, AIG, WB Lower
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.
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.
You May Also Be Interested In
- Notable 52-Week Highs and Lows of the Day 05/25: (LCC) (RPRX) High; (DCTH) (MXWL) (VIP) Low
- Notable ETF Movers of the Day 05/25: (EWZ) (GLD) Higher; (VXX) (UNG) Lower
- Top 10 News Items 5/21-5/25: Eurozone Fears Remain, But Stocks Charge Higher; Facebook Continues to Be Sold; HP Investors Cheer Q2 Results
Create E-mail Alert Related Categories
Special ReportsRelated Entities
UBS, Morgan Stanley, Merrill Lynch, Lehman Brothers, Wachovia, Bank of America, Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
