Unusual 11 Mid-Day Movers 11/16: (JAG) (RVM) (BIOF) Higher; (ZOOM) (ASYS) (SZYM) Lower
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Jaguar Mining Inc. (NYSE: JAG) 46% HIGHER; affirmed receipt of takeover proposals.
Revett Minerals Inc. (Amex: RVM) 33.4% HIGHER; announced it has just received an affirmative decision from the United States Court of Appeals for the Ninth Circuit relating to the Endangered Species Act (ESA) appeal filed by the Rock Creek Alliance and other environmental groups.
BioFuel Energy (Nasdaq: BIOF) 30.6% HIGHER; ethanol and speculative oil stocks are hot this morning as oil is now over $100 per barrel for the first time since the end of July. The stock was up nearly 42 percent yesterday.
NovaGold (AMEX: NG) 27.4% HIGHER; announced the company will explore options to sell a share of its Galore project. Also announced Kaplan will be Chairman and Lang will be President and CEO.
Pacific Ethanol (Nasdaq: PEIX) 20.3% HIGHER; see BioFuel.
Tessera Technologies, Inc. (Nasdaq: TSRA) 20.0% HIGHER; reports Samsung Electronics Co., Ltd. exercised the renewal option in its Jan. 1, 2005 license agreement with Tessera, Inc. to extend the term of that license to May 17, 2017.
Zoom Tech. (Nasdaq: ZOOM) 19.7% LOWER; reports Q3 sales of $50.7 million, which compares to the Street estimate of $99.72 million. Net income for the quarter was $1.76 million. Lowers its FY11 sales guidance to $250-$255 million, net income to $7.5-$8.6 million. Street currently looking for sales of $331.28 million. Sees FY12 sales $360-$380 million, vs. the consensus of $403.9 million. Sees net income of $12-$13 million.
Amtech Systems, Inc. (Nasdaq: ASYS) 15.9% LOWER; reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $59.9 million versus the consensus estimate of $54.29 million. Sees Q112 revenue of $21 to $23 million, versus the consensus of $49.59 million. Amtech receive downgrades at Chardian and Feltl & Co as well.
CVR Energy (NYSE: CVI) 13.4% LOWER; Goldman Sachs removed CVR from its Buy List, but maintained a Buy rating with a price target of $29 (down form $30).
Abercrombie & Fitch Co. (NYSE: ANF) 13.4% LOWER; reported Q3 EPS of $0.57, 14 cents worse than the analyst estimate of $0.71. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.07 billion. Comps up 7%.
Unilife Corporation (Nasdaq: UNIS) 11.6% LOWER; today announced the pricing of its underwritten registered public offering of 8,250,000 shares of common stock at a public offering price of $4.35 per share, which was an 8.6 percent discount to yesterday's close of $4.76. All of the shares in the offering are to be sold by Unilife. In connection with the offering, the Company also granted the underwriters a 30-day option to purchase up to an additional 1,237,500 shares of common stock to cover over-allotments, if any.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Revett Minerals Inc. (Amex: RVM) 33.4% HIGHER; announced it has just received an affirmative decision from the United States Court of Appeals for the Ninth Circuit relating to the Endangered Species Act (ESA) appeal filed by the Rock Creek Alliance and other environmental groups.
BioFuel Energy (Nasdaq: BIOF) 30.6% HIGHER; ethanol and speculative oil stocks are hot this morning as oil is now over $100 per barrel for the first time since the end of July. The stock was up nearly 42 percent yesterday.
NovaGold (AMEX: NG) 27.4% HIGHER; announced the company will explore options to sell a share of its Galore project. Also announced Kaplan will be Chairman and Lang will be President and CEO.
Pacific Ethanol (Nasdaq: PEIX) 20.3% HIGHER; see BioFuel.
Tessera Technologies, Inc. (Nasdaq: TSRA) 20.0% HIGHER; reports Samsung Electronics Co., Ltd. exercised the renewal option in its Jan. 1, 2005 license agreement with Tessera, Inc. to extend the term of that license to May 17, 2017.
Zoom Tech. (Nasdaq: ZOOM) 19.7% LOWER; reports Q3 sales of $50.7 million, which compares to the Street estimate of $99.72 million. Net income for the quarter was $1.76 million. Lowers its FY11 sales guidance to $250-$255 million, net income to $7.5-$8.6 million. Street currently looking for sales of $331.28 million. Sees FY12 sales $360-$380 million, vs. the consensus of $403.9 million. Sees net income of $12-$13 million.
Amtech Systems, Inc. (Nasdaq: ASYS) 15.9% LOWER; reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $59.9 million versus the consensus estimate of $54.29 million. Sees Q112 revenue of $21 to $23 million, versus the consensus of $49.59 million. Amtech receive downgrades at Chardian and Feltl & Co as well.
CVR Energy (NYSE: CVI) 13.4% LOWER; Goldman Sachs removed CVR from its Buy List, but maintained a Buy rating with a price target of $29 (down form $30).
Abercrombie & Fitch Co. (NYSE: ANF) 13.4% LOWER; reported Q3 EPS of $0.57, 14 cents worse than the analyst estimate of $0.71. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.07 billion. Comps up 7%.
Unilife Corporation (Nasdaq: UNIS) 11.6% LOWER; today announced the pricing of its underwritten registered public offering of 8,250,000 shares of common stock at a public offering price of $4.35 per share, which was an 8.6 percent discount to yesterday's close of $4.76. All of the shares in the offering are to be sold by Unilife. In connection with the offering, the Company also granted the underwriters a 30-day option to purchase up to an additional 1,237,500 shares of common stock to cover over-allotments, if any.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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