Unusual 11 Mid-Day Movers 09/21: (OREX) (JASO) (HGSI) Higher; (OMEX) (TSON) (PACB) Lower
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Orexigen (Nasdaq: OREX) 41.5% HIGHER; announces FDA identifies clear and feasible path to approval for Contrave. Click here to see the full report. The stock was upgraded at JMP and Leerink Swann this morning, and downgraded at Lazard.
Odyssey Marine Exploration (Nasdaq: OMEX) 35.5% LOWER; an appeals court upheld a ruling which said property recovered from a sunken ship named "Black Swan" must be returned to Spain.
TranS1 Inc. (Nasdaq: TSON) 20% LOWER; today announced that it has priced its public offering of 6,200,000 shares of its common stock at a price to the public of $3.25 per share. TranS1 has granted the underwriters a 30-day option to purchase up to 930,000 additional shares of common stock to cover over-allotments, if any. The gross proceeds to TranS1 from the sale of shares, before expenses and any over-allotment exercise, are expected to be $20,150,000.
Pacific Biosciences (Nasdaq: PACB) 18.7% LOWER; last night announced it cut about 130 jobs from its workforce yesterday, or about 28 percent of the total headcount. The company sees a $5.2 million charge related to the layoffs during the third quarter. The stock was downgraded at Piper Jaffray and JPMorgan.
JA Solar (Nasdaq: JASO) 15.5% HIGHER; reversing a late day decline yesterday; the stock closed down about 9 percent. JA Solar shares are down a whopping 41 percent this month alone.
Human Genome Sciences (Nasdaq: HGSI) 14.5% HIGHER; up on strong Benlysta data from global information provider Wolters Kluwer earlier. Benlysta returned sales of about $6.5 million for the month of August, a sharp 33 percent rise from July.
Allos Therapeutics (Nasdaq: ALTH) 14.5% HIGHER; in a Form 8-K filing, the company disclosed Allos Company A boosted an offer for the company from $2 to $2.20 per share, broken up into $1.50 in cash and $0.70 in shares.
Coffee Holding Co. (Nasdaq: JVA) 12.6% LOWER; shares have not closed higher since the stock price pushed under the 200-day smooth moving average last week. The stock is down by about 30 percent since Sept. 14th.
Silicon Image (NASDAQ: SIMG) 11.9% HIGHER; shares are spiking sharply in afternoon trade as an analyst at Craig-Hallum initiated coverage on the stock with a Buy rating and a $9 price target.
Regeneron (Nasdaq: REGN) 11.7% HIGHER; the Department of Veteran Affairs has dropped Roche's Avastin following investigations related to serious infections and blindness.
Alpha Natural Resources, Inc. (NYSE: ANR), 11.6% LOWER; updated its full year 2011 shipment guidance to a range of 102.5 million tons to 109.5 million tons compared to the previous range of 104 million tons to 112 million tons.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Odyssey Marine Exploration (Nasdaq: OMEX) 35.5% LOWER; an appeals court upheld a ruling which said property recovered from a sunken ship named "Black Swan" must be returned to Spain.
TranS1 Inc. (Nasdaq: TSON) 20% LOWER; today announced that it has priced its public offering of 6,200,000 shares of its common stock at a price to the public of $3.25 per share. TranS1 has granted the underwriters a 30-day option to purchase up to 930,000 additional shares of common stock to cover over-allotments, if any. The gross proceeds to TranS1 from the sale of shares, before expenses and any over-allotment exercise, are expected to be $20,150,000.
Pacific Biosciences (Nasdaq: PACB) 18.7% LOWER; last night announced it cut about 130 jobs from its workforce yesterday, or about 28 percent of the total headcount. The company sees a $5.2 million charge related to the layoffs during the third quarter. The stock was downgraded at Piper Jaffray and JPMorgan.
JA Solar (Nasdaq: JASO) 15.5% HIGHER; reversing a late day decline yesterday; the stock closed down about 9 percent. JA Solar shares are down a whopping 41 percent this month alone.
Human Genome Sciences (Nasdaq: HGSI) 14.5% HIGHER; up on strong Benlysta data from global information provider Wolters Kluwer earlier. Benlysta returned sales of about $6.5 million for the month of August, a sharp 33 percent rise from July.
Allos Therapeutics (Nasdaq: ALTH) 14.5% HIGHER; in a Form 8-K filing, the company disclosed Allos Company A boosted an offer for the company from $2 to $2.20 per share, broken up into $1.50 in cash and $0.70 in shares.
Coffee Holding Co. (Nasdaq: JVA) 12.6% LOWER; shares have not closed higher since the stock price pushed under the 200-day smooth moving average last week. The stock is down by about 30 percent since Sept. 14th.
Silicon Image (NASDAQ: SIMG) 11.9% HIGHER; shares are spiking sharply in afternoon trade as an analyst at Craig-Hallum initiated coverage on the stock with a Buy rating and a $9 price target.
Regeneron (Nasdaq: REGN) 11.7% HIGHER; the Department of Veteran Affairs has dropped Roche's Avastin following investigations related to serious infections and blindness.
Alpha Natural Resources, Inc. (NYSE: ANR), 11.6% LOWER; updated its full year 2011 shipment guidance to a range of 102.5 million tons to 109.5 million tons compared to the previous range of 104 million tons to 112 million tons.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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