Unusual 11 Mid-Day Movers 9/25: LUNA, BLD, BEE, TSTR Higher; UCBI, ADAT, RIMM, SWSI Lower

September 25, 2009 12:35 PM EDT

Luna Innovations Incorporated (Nasdaq: LUNA) 175% HIGHER; hearing reports Luna has reached a tentative settlement that would reduce a $36.3 million jury verdict to a sum that no longer endangers the company.

Baldwin Technology Company, Inc. (Amex: BLD) 19.5% HIGHER; announced the settlement of its patent dispute with technotrans. Click here to see the full report.

United Community Banks, Inc. (NASDAQ: UCBI) 19.2% LOWER; announced today that it has priced a public offering of 38,700,000 shares of common stock at $5.00 per share for gross proceeds of $193.5 million. United expects to close the sale of the shares of common stock on or about September 30, 2009, subject to customary closing conditions.

Strategic Hotels & Resorts, Inc. (NYSE: BEE) 18.8% HIGHER; are higher today after retracing recent gains over the past few sessions. Shares of Strategic Hotels have seen price swings of 10% or more on 7 of the last 10 sessions.

TerreStar (Nasdaq: TSTR) 18% HIGHER; appears to be breaking about its 200-day smoothing moving average today. Volume is extremely heavy.

Authentidate Holding Corp. (Nasdaq: ADAT) 16.9% LOWER; reports Q4 loss of $0.07, 1 cent lower than the analyst estimate of ($0.06). Revenue for the quarter was $1.57 million, which compares to the estimate of $1.97 million.

Research In Motion Ltd. (Nasdaq: RIMM) 15.7% LOWER; reports Q2 EPS of $1.03, ex-items, 3 cents better than the analyst estimate of $1.00. Revenue for the quarter was $3.53 billion, which compares to the estimate of $3.62 billion. Shipped 8.3 million devices in Q2. Sees Q3 sales of $3.6-$3.85 billion, versus the consensus of $3.90 billion, and EPS of $1.00-$1.08, versus the Street estimate of $1.04. The stock was downgraded at Deutsche Bank, Goldman Sachs, Raymond James and Atlantic Equities.

Superior Well Services, Inc. (Nasdaq: SWSI) 15.4% LOWER; today announced that it entered into an amendment to the credit agreement evidencing its credit facility. Among the changes: the total capacity under the Credit Facility was reduced from $250.0 million to $175.0 million. More from the release.

The Finish Line, Inc. (Nasdaq: FINL) 13.9% HIGHER; reports Q2 EPS of $0.21, compared to $0.27 in the same quarter last year. Revenue for the quarter was $298.7 million, versus $337 million in Q208. Same store sales fell 9.9%.

EMC Insurance Group Inc. (Nasdaq: EMCI) 14.4% LOWER; Keefe, Bruyette & Woods downgrades the stock from Market Perform to Underperform. Price target $19. Click here for more color.

Calamos Asset Management (Nasdaq: CLMS) 11.9% HIGHER; upgraded all the way from Underperform to Buy at Bank of America Merrill Lynch earlier. The firm set a $14 price target.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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