Unusual 11 Midday Movers 01/04: (LCAV) (REE) (GNOM) HIGHER; (LPHI) (APKT) (BMTI) Lower

January 4, 2012 2:31 PM EST Send to a Friend
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LCA-Vision Inc. (NASDAQ: LCAV) 31.5% HIGHER; today reported that 14,205 procedures were performed during the fourth quarter of 2011, an increase of 30% compared with 10,891 procedures during the fourth quarter of 2010. Same-store procedures increased by 33% from 10,671 procedures during the fourth quarter of 2010, the fifth consecutive quarter of year-over-year same-store procedure growth.

Rare Element Resources Ltd. (AMEX: REE) 22.8% HIGHER; reported results of an updated NI 43-101-compliant mineral resource estimate of rare-earth elements plus yttrium contained in three deposits located in the Bull Hill area of the Bear Lodge project, Wyoming. Click here to see the full article.

Complete Genomics (Nasdaq: GNOM) 20% HIGHER; after opening above the $3 level this morning, the stock successfully bounced off the 200-day smooth moving average just before 11am ET. Volume is very heavy today.

Life Partners (Nasdaq: LPHI) 19% LOWER; SEC charges the company with disclosure and accounting fraud.

Acme Packet (Nasdaq: APKT) 18.6% LOWER; sees Q4 adj-EPS 26-28c, vs. the consensus of 37 cents, sales $84-$86 million, vs. the consensus of $93.4 million. Cut its FY11 adj-EPS guidance from $1.14-$1.18 to $1.03-$1.05 and sales from $315-$320 million to $308-$310 million.

Netlist Inc. (Nasdaq: NLST) 16.3% HIGHER; shares are trading up on the day after breaking its 200 day moving average. The stock is now over the $2.50 level.

NetQin Mobile Inc. (NYSE: NQ) 15.6% HIGHER; the company signed an agreement with Motorola Mobility, Inc., (NYSE: MMI) to pre-install NetQin Mobile Security on Motorola Android smartphones in China. This agreement will ensure that consumers have instant access to the strongest mobile security application and services on the market.

UQM Tech. (AMEX: UQM) 14.8% HIGHER; holding over a support/resistance level around $1.40 after crossing this technical level yesterday. The stock has been vacillating around this level since mid December.

BioMimetic Therapeutics, Inc. (Nasdaq: BMTI) 14.1% LOWER; shares are slumping in after-hours trading, following reports that the FDA would need more information needed for approval of its Pre-Market Approval application for Augment Bone Graft for use as an alternative to autograft in hindfoot and ankle fusion procedures.

Progress Software Corp (NASDAQ: PRGS) 12.4% LOWER; reported Q4 EPS of $0.34, versus the analyst estimate of $0.33. Revenue for the quarter came in at $136.3 million versus the consensus estimate of $133.44 million. Sees Q1 2012 EPS of $0.25, versus the consensus of $0.38. Sees Q1 2012 revenue of $120 million, versus the consensus of $132.04 million.

Broadsoft (Nasdaq: BSFT) 12.2% LOWER; breaking below the 200 day moving average on very heavy volume.


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