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 1.16

-0.07 -5.69%
Volume: 477,026
Track ACLS

AIG 35.10

-0.56 -1.57%
Volume: 5,936,235
Track AIG

AMR 5.47

-0.08 -1.44%
Volume: 8,205,162
Track AMR

BBY 43.30

+0.35 +0.81%
Volume: 6,213,387
Track BBY

CAL 12.86

-0.11 -0.85%
Volume: 4,316,190
Track CAL

DAL 7.62

+0.03 +0.40%
Volume: 7,665,823
Track DAL

ERTS 17.30

-0.13 -0.75%
Volume: 6,453,937
Track ERTS

KEM 0.25

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

LCC 3.10

-0.02 -0.64%
Volume: 5,270,411
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 6.88

-0.06 -0.86%
Volume: 1,394,735
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 11.20

-0.08 -0.71%
Volume: 1,268,196
Track TTWO

UAUA 7.02

-0.05 -0.71%
Volume: 6,943,776
Track UAUA

VSH 7.51

+0.01 +0.13%
Volume: 1,463,984
Track VSH

WB 5.54

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


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