Morning Movers 06/16: (PVSA) (MDMD) (LPH) (NGSX) Higher; (WGO) (FNSR) (YUII) Lower
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Parkvale Financial Corporation (Nasdaq: PVSA) 81.4% HIGHER; F.N.B. Corporation (NYSE: FNB) and Parkvale have entered into an agreement whereby F.N.B. Corporation will acquire Parkvale Financial Corp in an all stock transaction valued at approximately $22.48 per share, or $130 million in the aggregate.
MediaMind Technologies Inc. (Nasdaq: MDMD) 38.2% HIGHER; DG (Nasdaq: DGIT) and MediaMind have entered an agreement whereby DG will acquire MediaMind for $22 per share in cash, or total consideration of $517 million.
Longwei Petroleum Investment (NYSE: LPH) 31.6% HIGHER; Rodman & Renshaw initiates coverage on the stock with a Market Outperform and $6 price target. The firm is the first analyst to cover the stock, probably why shares are surging this morning.
NeurogesX (Nasdaq: NGSX) 20.3% HIGHER; continuing higher today following a massive 65 percent run-up yesterday ahead of Phase 2 enrollment of its NGX-1998 topical liquid. The results of this stage of the study indicated that no topical anesthetic was required to achieve the study's tolerability goal. The second stage was designed to evaluate two NGX-1998 dose concentrations using the pretreatment regimens determined during stage 1. The objective of the second stage is to select the appropriate concentration of NGX-1998 for further evaluation in a Phase 3 clinical program.
Winnebago Industries, Inc. (NYSE: WGO) 19.6% LOWER; reported Q3 EPS of $0.04, $0.09 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $135.6 million versus the consensus estimate of $151.43 million.
Finisar Corp (NASDAQ: FNSR) 19% LOWER; reported Q4 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $236.9 million versus the consensus estimate of $242.95 million. Finisar Corp sees Q1 2012 EPS of $0.17-$0.21, versus the consensus of $0.37. Finisar Corp sees Q1 2012 revenue of $215-$230 million, versus the consensus of $253 million.
Life Partners Holdings (Nasdaq: LPHI) 18.1% HIGHER; continuing to rebound following a nearly 14 percent decline in Friday of last week amid a Q3 miss. The stock has gained more than 24 percent so far this week.
Southern Union Company (NYSE: SUG) 17% HIGHER; Energy Transfer Equity, L.P. (NYSE: ETE) and Southern Union have entered into an agreement whereby ETE will acquire Southern Union at a value of $33 per share, or about $4.2 billion.
Allos Therapeutics, Inc. (Nasdaq: ALTH) 17% HIGHER; presents initial data from COMPLETE, an international registry designed to address the urgent need for an increased understanding of the treatment patterns and outcomes for patients with peripheral T-cell lymphoma. Click here to see the full report.
Mela Sciences (Nasdaq: MELA) 11.8% HIGHER; shares surged sharply just ahead of 10am ET and have yet to give back gains. We are not hearing any company-specific news which would justify the move.
Yuhe International, Inc. (NASDAQ: YUII) 11% LOWER; today announced that the Company provides incremental documentation relating to the acquisition conducted in December 2009, when it entered into an agreement to purchase 13 breeder farms from Weifang Dajiang Corporation. Click here for the full press release.
Insituform (Nasdaq: INSU) 10.7% LOWER; cutting FY11 guidance amid continued weakness in its North American Sewer Rehabilitation unit. EPS now expected to be $1.30-$1.40, which compares to the Street estimate of $1.70. The company had previously guided EPS to $1.75-$1.90.
FiberTower (Nasdaq: FTWR) 10.6% HIGHER; although the stock moved slightly below the $1 level yesterday, shares have bounced and seem to be holding above this level. The stock had closed down the last four trading sessions, falling more than 24 percent over the period.
Odyssey Marine Exploration, Inc. (Nasdaq: OMEX) 8.7% HIGHER; has priced a 4.8 million common stock offering at $3.05 per share.
Yoku.com (Nasdaq: YOKU) 8.7% HIGHER; added to Goldman Sachs Buy list this morning. Click here to see the full report.
Coffee Holding Co. (Nasdaq: JVA) 8.2% HIGHER; continuing higher following recent upside momentum which started in mid March. The stock seems to be holding above a support level around $12.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
MediaMind Technologies Inc. (Nasdaq: MDMD) 38.2% HIGHER; DG (Nasdaq: DGIT) and MediaMind have entered an agreement whereby DG will acquire MediaMind for $22 per share in cash, or total consideration of $517 million.
Longwei Petroleum Investment (NYSE: LPH) 31.6% HIGHER; Rodman & Renshaw initiates coverage on the stock with a Market Outperform and $6 price target. The firm is the first analyst to cover the stock, probably why shares are surging this morning.
NeurogesX (Nasdaq: NGSX) 20.3% HIGHER; continuing higher today following a massive 65 percent run-up yesterday ahead of Phase 2 enrollment of its NGX-1998 topical liquid. The results of this stage of the study indicated that no topical anesthetic was required to achieve the study's tolerability goal. The second stage was designed to evaluate two NGX-1998 dose concentrations using the pretreatment regimens determined during stage 1. The objective of the second stage is to select the appropriate concentration of NGX-1998 for further evaluation in a Phase 3 clinical program.
Winnebago Industries, Inc. (NYSE: WGO) 19.6% LOWER; reported Q3 EPS of $0.04, $0.09 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $135.6 million versus the consensus estimate of $151.43 million.
Finisar Corp (NASDAQ: FNSR) 19% LOWER; reported Q4 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $236.9 million versus the consensus estimate of $242.95 million. Finisar Corp sees Q1 2012 EPS of $0.17-$0.21, versus the consensus of $0.37. Finisar Corp sees Q1 2012 revenue of $215-$230 million, versus the consensus of $253 million.
Life Partners Holdings (Nasdaq: LPHI) 18.1% HIGHER; continuing to rebound following a nearly 14 percent decline in Friday of last week amid a Q3 miss. The stock has gained more than 24 percent so far this week.
Southern Union Company (NYSE: SUG) 17% HIGHER; Energy Transfer Equity, L.P. (NYSE: ETE) and Southern Union have entered into an agreement whereby ETE will acquire Southern Union at a value of $33 per share, or about $4.2 billion.
Allos Therapeutics, Inc. (Nasdaq: ALTH) 17% HIGHER; presents initial data from COMPLETE, an international registry designed to address the urgent need for an increased understanding of the treatment patterns and outcomes for patients with peripheral T-cell lymphoma. Click here to see the full report.
Mela Sciences (Nasdaq: MELA) 11.8% HIGHER; shares surged sharply just ahead of 10am ET and have yet to give back gains. We are not hearing any company-specific news which would justify the move.
Yuhe International, Inc. (NASDAQ: YUII) 11% LOWER; today announced that the Company provides incremental documentation relating to the acquisition conducted in December 2009, when it entered into an agreement to purchase 13 breeder farms from Weifang Dajiang Corporation. Click here for the full press release.
Insituform (Nasdaq: INSU) 10.7% LOWER; cutting FY11 guidance amid continued weakness in its North American Sewer Rehabilitation unit. EPS now expected to be $1.30-$1.40, which compares to the Street estimate of $1.70. The company had previously guided EPS to $1.75-$1.90.
FiberTower (Nasdaq: FTWR) 10.6% HIGHER; although the stock moved slightly below the $1 level yesterday, shares have bounced and seem to be holding above this level. The stock had closed down the last four trading sessions, falling more than 24 percent over the period.
Odyssey Marine Exploration, Inc. (Nasdaq: OMEX) 8.7% HIGHER; has priced a 4.8 million common stock offering at $3.05 per share.
Yoku.com (Nasdaq: YOKU) 8.7% HIGHER; added to Goldman Sachs Buy list this morning. Click here to see the full report.
Coffee Holding Co. (Nasdaq: JVA) 8.2% HIGHER; continuing higher following recent upside momentum which started in mid March. The stock seems to be holding above a support level around $12.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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