Morning Movers 09/15: (TSPT) (FNDT) (NCT) (ARX) Higher; (CISG) (PWRD) (NFLX) Lower
Tweet
Share
E-mail
Get Alerts TSPT Hot Sheet
Join SI Premium – FREE
Transcept Pharmaceuticals, Inc. (Nasdaq: TSPT) 74% HIGHER; announced today its plan to resubmit to the U.S. FDA its New Drug Application seeking approval of Intermezzo (zolpidem tartrate sublingual tablet) for use as-needed for the treatment of insomnia when a middle of the night awakening is followed by difficulty returning to sleep.
Fundtech Ltd. (Nasdaq: FNDT) 30.3% HIGHER; GTCR reports, following completion of its due diligence and negotiations with Fundtech it has submitted a proposal to acquire Fundtech, a leading provider of transaction banking software and services to financial institutions, for $23.33 in cash for each Fundtech ordinary share.
CNinsure Inc. (Nasdaq: CISG) 23.2% LOWER; reports the Special Committee of its Board of Directors has received a notice from TPG Asia V MU, Inc., Kingsford Resources Limited, a company controlled by Yinan Hu, chairman of the Board of Directors and chief executive officer of the Company, and entities affiliated with him, and CDH Inservice Limited that they have unanimously determined to withdraw the non-binding going private proposal dated May 14, 2011.
Newcastle Investment Corp. (NYSE: NCT) 18.4% HIGHER; declared a quarterly dividend of $0.15 per share, or $0.60 annualized. This is a 50% increase from the prior dividend of $0.10.
Perfect World Co. (NASDAQ: PWRD) 17.5% LOWER; adjusts its revenue guidance for the quarter to be between RMB702 million and RMB741 million, as compared to the previously announced revenue guidance of RMB756 million and RMB803 million.
American Superconductor Corporation (NASDAQ: AMSC) 14.6% LOWER; today announced that it is taking a series of legal actions against Sinovel Wind Group Co. Ltd. (Sinovel). Click here to see the full report.
Netflix, Inc. (NASDAQ: NFLX) 14.5% LOWER; has updated third-quarter guidance. Reduces domestic streaming-only user count from 10 million to 9.8 million, and domestic DVD-only accounts from 3 million to 2.2 million users. Total accounts from 22 million to 21.8 million. Financial guidance for the quarter is unchanged, as is international subscriber guidance.
Zogenix (Nasdaq: ZGNX) 13.7% LOWER; Bloomberg reporting the company has raised its common stock offering from 12 million to 30 million shares.
Aeroflex Holding (NYSE: ARX) 13.5% HIGHER; Goldman Sachs upgraded the stock to Conviction Buy with a price target of $15, suggesting 64% upside.
China North East Petroleum (AMEX: NEP) 13.3% HIGHER; continuing higher following a technical move back over the $2 level on Monday. Shares haven't looked back since. The stock is up nearly 40 percent this week.
Aixtron SE (Nasdaq: AIXG) 13.3% LOWER; issues a new 2011 revenue and EBIT guidance of EUR 600m - 650m revenues with an EBIT performance of c. 25 percent to 30 percent. The Management has also reviewed the existing equipment order backlog and has decided, as a matter of prudence, to reduce the previously published order backlog by EUR 100m. The stock was downgraded at WestLB.
HCA Holdings, Inc. (NYSE: HCA) 11.5% HIGHER; has entered into an agreement to repurchase 80,771,143 shares of HCA common stock beneficially owned by affiliates of Bank of America Corporation at a purchase price of $18.61 per share, the closing price of HCA common stock on the New York Stock Exchange on September 14, 2011.
KIT digital, Inc. (NASDAQ: KITD) 10.6% LOWER; has priced a public offering of 3,200,000 shares of its common stock at $9.50 per share.
UBS (NYSE: UBS) 9.6% LOWER; has discovered a loss due to unauthorized trading by a trader in its Investment Bank. The matter is still being investigated, but UBS's current estimate of the loss on the trades is in the range of $2 billion.
Clarcor, Inc. (NYSE: CLC) 9.6% LOWER; reported Q3 EPS of $0.63, $0.03 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $284.8 million versus the consensus estimate of $296.27 million.
Coldwater Creek (Nasdaq: CWTR) 9.6% LOWER; correcting today following a 79 percent surge in the stock over just the last seven trading sessions. Shares are now well over the $1 level.
Central European Distribution Corp. (Nasdaq: CEDC) 9.5% HIGHER; is seeing upside action pre-open on reports in Russia the company is in talks with Rosspirtprom for a 20% stake.
ParkerVision, Inc. (Nasdaq: PRKR) 8.5% HIGHER; has closed its previously announced registered offering of 7,800,000 shares of its common stock, at a price of $0.88 per share, to certain institutional investors.
VIVUS, Inc. (Nasdaq: VVUS) 8.3% HIGHER; reports following a recent teleconference it has reached agreement with officials of the Endocrine and Metabolic Division of the Food and Drug Administration on a plan that allows for an early resubmission of the QNEXA New Drug Application for the treatment of obesity.
Fundtech Ltd. (Nasdaq: FNDT) 30.3% HIGHER; GTCR reports, following completion of its due diligence and negotiations with Fundtech it has submitted a proposal to acquire Fundtech, a leading provider of transaction banking software and services to financial institutions, for $23.33 in cash for each Fundtech ordinary share.
CNinsure Inc. (Nasdaq: CISG) 23.2% LOWER; reports the Special Committee of its Board of Directors has received a notice from TPG Asia V MU, Inc., Kingsford Resources Limited, a company controlled by Yinan Hu, chairman of the Board of Directors and chief executive officer of the Company, and entities affiliated with him, and CDH Inservice Limited that they have unanimously determined to withdraw the non-binding going private proposal dated May 14, 2011.
Newcastle Investment Corp. (NYSE: NCT) 18.4% HIGHER; declared a quarterly dividend of $0.15 per share, or $0.60 annualized. This is a 50% increase from the prior dividend of $0.10.
Perfect World Co. (NASDAQ: PWRD) 17.5% LOWER; adjusts its revenue guidance for the quarter to be between RMB702 million and RMB741 million, as compared to the previously announced revenue guidance of RMB756 million and RMB803 million.
American Superconductor Corporation (NASDAQ: AMSC) 14.6% LOWER; today announced that it is taking a series of legal actions against Sinovel Wind Group Co. Ltd. (Sinovel). Click here to see the full report.
Netflix, Inc. (NASDAQ: NFLX) 14.5% LOWER; has updated third-quarter guidance. Reduces domestic streaming-only user count from 10 million to 9.8 million, and domestic DVD-only accounts from 3 million to 2.2 million users. Total accounts from 22 million to 21.8 million. Financial guidance for the quarter is unchanged, as is international subscriber guidance.
Zogenix (Nasdaq: ZGNX) 13.7% LOWER; Bloomberg reporting the company has raised its common stock offering from 12 million to 30 million shares.
Aeroflex Holding (NYSE: ARX) 13.5% HIGHER; Goldman Sachs upgraded the stock to Conviction Buy with a price target of $15, suggesting 64% upside.
China North East Petroleum (AMEX: NEP) 13.3% HIGHER; continuing higher following a technical move back over the $2 level on Monday. Shares haven't looked back since. The stock is up nearly 40 percent this week.
Aixtron SE (Nasdaq: AIXG) 13.3% LOWER; issues a new 2011 revenue and EBIT guidance of EUR 600m - 650m revenues with an EBIT performance of c. 25 percent to 30 percent. The Management has also reviewed the existing equipment order backlog and has decided, as a matter of prudence, to reduce the previously published order backlog by EUR 100m. The stock was downgraded at WestLB.
HCA Holdings, Inc. (NYSE: HCA) 11.5% HIGHER; has entered into an agreement to repurchase 80,771,143 shares of HCA common stock beneficially owned by affiliates of Bank of America Corporation at a purchase price of $18.61 per share, the closing price of HCA common stock on the New York Stock Exchange on September 14, 2011.
KIT digital, Inc. (NASDAQ: KITD) 10.6% LOWER; has priced a public offering of 3,200,000 shares of its common stock at $9.50 per share.
UBS (NYSE: UBS) 9.6% LOWER; has discovered a loss due to unauthorized trading by a trader in its Investment Bank. The matter is still being investigated, but UBS's current estimate of the loss on the trades is in the range of $2 billion.
Clarcor, Inc. (NYSE: CLC) 9.6% LOWER; reported Q3 EPS of $0.63, $0.03 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $284.8 million versus the consensus estimate of $296.27 million.
Coldwater Creek (Nasdaq: CWTR) 9.6% LOWER; correcting today following a 79 percent surge in the stock over just the last seven trading sessions. Shares are now well over the $1 level.
Central European Distribution Corp. (Nasdaq: CEDC) 9.5% HIGHER; is seeing upside action pre-open on reports in Russia the company is in talks with Rosspirtprom for a 20% stake.
ParkerVision, Inc. (Nasdaq: PRKR) 8.5% HIGHER; has closed its previously announced registered offering of 7,800,000 shares of its common stock, at a price of $0.88 per share, to certain institutional investors.
VIVUS, Inc. (Nasdaq: VVUS) 8.3% HIGHER; reports following a recent teleconference it has reached agreement with officials of the Endocrine and Metabolic Division of the Food and Drug Administration on a plan that allows for an early resubmission of the QNEXA New Drug Application for the treatment of obesity.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA says momentum style supported by earnings revisions
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Andersen closes secondary offering of 4.9M shares at $44 each
Create E-mail Alert Related Categories
Special ReportsRelated Entities
UBS, GTCR, Dividend, Morning MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
