Unusual 11 Midday Movers 01/24: (LEE) (BONT) (ACHN) Higher; (IDCC) (NBG) (CSFS) Lower
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Lee Enterprises (NYSE: LEE) 28.2% HIGHER; following a more than 23 percent rise yesterday, shares are continuing over the $1 level today following news late last night the company has been given an okay to emerge from bankruptcy on January 30th.
InterDigital, Inc. (Nasdaq: IDCC) 19.2% LOWER; falls on news it will call off patent sale. Reports preliminary Q4 EPS of 46 cents, on sales of $74.2 million. Street currently at 37 cents per share and $73.1 million. The stock was downgraded by Dougherty earlier.
Bon-Ton (Nasdaq: BONT) 17.7% HIGHER; names Brendan Hoffman President and CEO.
Achillion Pharma (Nasdaq: ACHN) 17.4% HIGHER; shares of Achillion and Idenix (Nasdaq: IDIX) are moving higher today as the Inhibitex (Nasdaq: INHX) purchase by Bristol-Myers (NYSE: BMY) is nearing completion.
Polycom, Inc. (NASDAQ: PLCM) 16.6% HIGHER; reported Q4 EPS of $0.41, $0.12 better than the analyst estimate of $0.29. Revenue for the quarter came in at $407 million versus the consensus estimate of $401.26 million.
National Bank of Greece (NYSE: NBG) 11.3% LOWER; traders taking profits following a nearly 50 percent surge since January 12th as investors speculated on the prospects for a favorable Greek bailout package.
The Cash Store Financial Services Inc. (NYSE: CSFS) 9.6% LOWER; the company provided first quarter preliminary results and commented on recent short seller allegations. Click here for the full report.
FelCor (NYSE: FCH) 9.7% HIGHER; since bouncing over the 200-day SMA late Thursday, shares are up nearly 30 percent. Volume is heavy today.
Ku6 Media (Nasdaq: KUTV) 8.6% HIGHER; continuing a volatile run following news of a deal with YouTube on January 17th. The stock surged 140 percent that day. Shares decline 21 and 20 percent the next two days. The stock had been down more than 12 percent earlier; shares spiked on heavy volume right around 1:30pm ET.
TCF Financial Corp. (NYSE: TCB) 9.6% LOWER; the company reported its fourth quarter results today with EPS of $0.10, $0.04 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $0 versus the consensus estimate of $176.56 million.
Standard Register (NYSE: SR) 9% LOWER; shares fall for their second day after management announced a strategic restructuring program to better align the Company’s resources in support of its growing core solutions business and to reduce costs. Has suspended its quarterly dividend. Click here for the full report.
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InterDigital, Inc. (Nasdaq: IDCC) 19.2% LOWER; falls on news it will call off patent sale. Reports preliminary Q4 EPS of 46 cents, on sales of $74.2 million. Street currently at 37 cents per share and $73.1 million. The stock was downgraded by Dougherty earlier.
Bon-Ton (Nasdaq: BONT) 17.7% HIGHER; names Brendan Hoffman President and CEO.
Achillion Pharma (Nasdaq: ACHN) 17.4% HIGHER; shares of Achillion and Idenix (Nasdaq: IDIX) are moving higher today as the Inhibitex (Nasdaq: INHX) purchase by Bristol-Myers (NYSE: BMY) is nearing completion.
Polycom, Inc. (NASDAQ: PLCM) 16.6% HIGHER; reported Q4 EPS of $0.41, $0.12 better than the analyst estimate of $0.29. Revenue for the quarter came in at $407 million versus the consensus estimate of $401.26 million.
National Bank of Greece (NYSE: NBG) 11.3% LOWER; traders taking profits following a nearly 50 percent surge since January 12th as investors speculated on the prospects for a favorable Greek bailout package.
The Cash Store Financial Services Inc. (NYSE: CSFS) 9.6% LOWER; the company provided first quarter preliminary results and commented on recent short seller allegations. Click here for the full report.
FelCor (NYSE: FCH) 9.7% HIGHER; since bouncing over the 200-day SMA late Thursday, shares are up nearly 30 percent. Volume is heavy today.
Ku6 Media (Nasdaq: KUTV) 8.6% HIGHER; continuing a volatile run following news of a deal with YouTube on January 17th. The stock surged 140 percent that day. Shares decline 21 and 20 percent the next two days. The stock had been down more than 12 percent earlier; shares spiked on heavy volume right around 1:30pm ET.
TCF Financial Corp. (NYSE: TCB) 9.6% LOWER; the company reported its fourth quarter results today with EPS of $0.10, $0.04 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $0 versus the consensus estimate of $176.56 million.
Standard Register (NYSE: SR) 9% LOWER; shares fall for their second day after management announced a strategic restructuring program to better align the Company’s resources in support of its growing core solutions business and to reduce costs. Has suspended its quarterly dividend. Click here for the full report.
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