Unusual 11 Midday Movers (FBN) (BDSI) (QRM) Higher; (BGFV) (WSM) (CIS) Lower
Up)
Furniture Brands International, Inc. (NYSE: FBN) 30% HIGHER; shares breaking out after crossing the 200-day smooth moving average late yesterday. The stock has held very closely to this technical indicator throughout 2012. Notably, volume spiked as the stock pushed over the $1.20 level.
BioDelivery Services (Nasdaq: BDSI) 23% HIGHER; continuing higher today after crossing above the 200-day early yesterday. Notably, shares surged 120 percent on Friday following adeal for burprenorphine.
Quest Rare Minerals (AMEX: QRM) 18.4% HIGHER; the company reported the assay results from the 2011 definition diamond drilling program completed on its Strange Lake B-Zone Rare Earth Element deposit. Click here to view the full report.
Pacific Biosciences of California (Nasdaq: PACB) 18.4% HIGHER; shares rose over their 200-day moving average yesterday and are now spiking higher today. $3 has been an important level recently.
China GrenTech Corporation Limited (Nasdaq: GRRF) 18% HIGHER; entered into an agreement and plan of merger with Talenthome Management Limited, a British Virgin Islands exempted company, and Xing Sheng Corporation Limited, a Cayman Islands exempted company wholly-owned by Parent. Click here to view the full report.
Multi-Fineline Electronix, Inc. (Nasdaq: MFLX) 16.8% HIGHER; sees first-quarter sales of about $239 million, versus $215.2 million expected on the Street. During the fiscal 2012 first quarter, the Company expects customers A, C and D to represent approximately 5 percent, 66 percent and 27 percent, respectively, of net sales. For competitive and customer confidentiality reasons, the Company does not disclose its customers by name.
Big5 (Nasdaq: BGFV) 13.8% LOWER; reported Q4 comps fell 2.1 percent on sales of $226.7 million. Sees GAAP EPS 2-5 cents, down from prior guidance of 12-14 cents. Sees FY11 sales of $902.1M and GAAP EPS 55-58c. Click here to view the full report.
Williams-Sonoma, Inc. (NYSE: WSM) 11.6% LOWER; reports total sales for holiday 2011 were $901 million, up 4.2 percent from the same period last year. Same-store sales fell 0.3 percent. The company projects Q4 11 diluted earnings per share to be in the range of $1.10 to $1.15 which is at or marginally below the low end of the previous guidance range of $1.15 to $1.20 due to the promotional environment during the holiday season. The Street sees earnings of $1.19 per share. The Williams-Sonoma Board of Directors has authorized a new $225 million stock repurchase program to be completed in fiscal 2012.
Synutra International, Inc. (Nasdaq: SYUT) 11.6% LOWER; has issued a statement in response to local Chinese media reports of a pair of 4-month old twins in Jiangxi province who became ill with severe intestinal symptoms. One passed away from dehydration on January 7, 2012. The other has recovered following hospitalization. Both children were reported to have been consuming Synutra powdered milk formula products for weeks before the sudden onset of their illnesses.
Rex Energy (Nasdaq: REXX) 10.5% LOWER; continuing to fall as nat gas moves lower. The stock is down about 13 percent so far this week.
Camelot Information Systems (NYSE: CIS) 10.2% LOWER; shares hit their 52-week low in late November and began to rise strongly after that. Shares tested their 200-day moving average around $2.50, but soon popped over $3. Shares have been selling off since the beginning of the new year.
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BioDelivery Services (Nasdaq: BDSI) 23% HIGHER; continuing higher today after crossing above the 200-day early yesterday. Notably, shares surged 120 percent on Friday following adeal for burprenorphine.
Quest Rare Minerals (AMEX: QRM) 18.4% HIGHER; the company reported the assay results from the 2011 definition diamond drilling program completed on its Strange Lake B-Zone Rare Earth Element deposit. Click here to view the full report.
Pacific Biosciences of California (Nasdaq: PACB) 18.4% HIGHER; shares rose over their 200-day moving average yesterday and are now spiking higher today. $3 has been an important level recently.
China GrenTech Corporation Limited (Nasdaq: GRRF) 18% HIGHER; entered into an agreement and plan of merger with Talenthome Management Limited, a British Virgin Islands exempted company, and Xing Sheng Corporation Limited, a Cayman Islands exempted company wholly-owned by Parent. Click here to view the full report.
Multi-Fineline Electronix, Inc. (Nasdaq: MFLX) 16.8% HIGHER; sees first-quarter sales of about $239 million, versus $215.2 million expected on the Street. During the fiscal 2012 first quarter, the Company expects customers A, C and D to represent approximately 5 percent, 66 percent and 27 percent, respectively, of net sales. For competitive and customer confidentiality reasons, the Company does not disclose its customers by name.
Big5 (Nasdaq: BGFV) 13.8% LOWER; reported Q4 comps fell 2.1 percent on sales of $226.7 million. Sees GAAP EPS 2-5 cents, down from prior guidance of 12-14 cents. Sees FY11 sales of $902.1M and GAAP EPS 55-58c. Click here to view the full report.
Williams-Sonoma, Inc. (NYSE: WSM) 11.6% LOWER; reports total sales for holiday 2011 were $901 million, up 4.2 percent from the same period last year. Same-store sales fell 0.3 percent. The company projects Q4 11 diluted earnings per share to be in the range of $1.10 to $1.15 which is at or marginally below the low end of the previous guidance range of $1.15 to $1.20 due to the promotional environment during the holiday season. The Street sees earnings of $1.19 per share. The Williams-Sonoma Board of Directors has authorized a new $225 million stock repurchase program to be completed in fiscal 2012.
Synutra International, Inc. (Nasdaq: SYUT) 11.6% LOWER; has issued a statement in response to local Chinese media reports of a pair of 4-month old twins in Jiangxi province who became ill with severe intestinal symptoms. One passed away from dehydration on January 7, 2012. The other has recovered following hospitalization. Both children were reported to have been consuming Synutra powdered milk formula products for weeks before the sudden onset of their illnesses.
Rex Energy (Nasdaq: REXX) 10.5% LOWER; continuing to fall as nat gas moves lower. The stock is down about 13 percent so far this week.
Camelot Information Systems (NYSE: CIS) 10.2% LOWER; shares hit their 52-week low in late November and began to rise strongly after that. Shares tested their 200-day moving average around $2.50, but soon popped over $3. Shares have been selling off since the beginning of the new year.
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