Unusual 11 Mid-Day Movers 9/23: (IMPV) (BLRX) (TWTR) Higher; (ENPH) (APPS) (RAVE) Lower
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Imperva (NYSE: IMPV) 22.2% HIGHER; is said to draw takeover interest from Cisco Systems, IBM, according to a Bloomberg report.
BioLineRx Ltd. (Nasdaq: BLRX) 19.8% HIGHER; announced that it has signed an exclusive, worldwide agreement with BGN Technologies, the Technology Transfer Company of Ben-Gurion University, and Hadasit, the Technology Transfer Company of Hadassah Medical Organization, for the in-licensing of a novel treatment for various liver failure conditions such as end-stage liver disease (ESLD) and for conditions potentially leading to liver failure such as non-alcoholic steatohepatitis (NASH).
Twitter (Nasdaq: TWTR) 19.8% HIGHER; said moving closer to sale, and has received expressions of interest, according to CNBC. No sale is imminent, sources said.
Endo International plc (Nasdaq: ENDP) 17.5% HIGHER; announced that its Board of Directors has named Paul V. Campanelli President and Chief Executive Officer, effective immediately. Mr. Campanelli currently serves as President of Endo's Generic and OTC drugs business, Par Pharmaceutical, which accounts for approximately 60 percent of Endo's total revenues through the first half of 2016. Campanelli, who will also join Endo's Board of Directors, succeeds Rajiv De Silva, who has stepped down as President, CEO and a member of the Board.
Digital Turbine, Inc. (Nasdaq: APPS) 15.3% LOWER; announced the pricing of $16 million aggregate principal amount of its 8.75% Convertible Senior Notes due 2020 (the "Notes") in a private placement. The sale of the Notes to the initial purchaser is expected to settle on September 28, 2016, subject to customary closing conditions.
RAVE Restaurant Group (Nasdaq: RAVE) 14.2% LOWER; reported Q4 EPS of ($0.21), versus ($0.06) reported last year. Revenue for the quarter came in at $15.7 million, versus $13.86 million reported last year.
Catabasis Pharmaceuticals, Inc. (Nasdaq: CATB) 13.0% LOWER; announced the pricing of an underwritten offering of 2,500,000 shares of its common stock at a price of $4.00 per share. The gross proceeds to Catabasis from this offering are expected to be $10.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses.
Novatel Wireless (Nasdaq: MIFI) 10.8% HIGHER; announced that it has entered into an agreement with T.C.L. Industries Holdings, a Hong Kong company (“TCL”), whereby Novatel Wireless will sell to TCL its mobile broadband business (including its MiFi® branded hotspots and USB modem product lines) for a cash payment of US $50,000,000 payable at closing. The closing of the transaction is subject to the receipt of various regulatory authority approvals, as well as the approval of Novatel Wireless’s stockholders and convertible noteholders. The closing of the transaction is expected to occur in the first quarter of 2017.
Santander Consumer USA Holdings Inc. (NYSE: SC) 10.6% HIGHER; announced that it will be restating financial statements and associated disclosures for the full years 2013, 2014 and 2015, and the quarters within 2014 and 2015, as well as the first quarter of 2016, due to errors identified in the financial statements for each of those periods. The Company separately announced selected preliminary and unaudited financial results for the three months ending June 30, 2016. During the second quarter 2016, SC earned net income of $283 million, or 78 cents per diluted common share, delivered average managed asset growth that outpaced expense growth, and continued to demonstrate strong access to liquidity. The Street was looking for Q2 EPS of $0.68.)
Capitala Finance (Nasdaq: CPTA) 9.7% LOWER; declared a monthly dividend of $0.13 per share, or $1.56 annualized. This is a 17% decrease from the prior dividend of $0.1567.
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