Unusual 11 Mid-Day Movers 03/28: (OPHC) (AMLN) (PNR) Higher; (FSM) (USHS) (AONE) Lower
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OptimumBank Holdings (Nasdaq: OPHC) 81.8% HIGHER; the stock has rallied from $0.71 at the close on Friday on no news this week. Shares are holding over $3 today. Volume this week is so far the heaviest today. Nearly 300,000 shares have traded hands, which compares to the stock's average daily volume of just 14,000 shares.
Amylin (Nasdaq: AMLN) 45.1% HIGHER; the company rejected a $22 per share bid from Bristol-Myers (NYSE: BMY).
Fortuna Silver Mines (NYSE: FSM) 17.8% LOWER; the stock was downgraded at CIBC and Coremark this morning following an update on the company's reserves and resources late yesterday.
US Home Systems, Inc. (NASDAQ: USHS) 16.7 LOWER; reported Q4 EPS of $0.12, $0.01 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $38.7 million versus the consensus estimate of $40.41 million. Sees Q1 2012 EPS of $0.09, versus the consensus of $0.10. Sees Q1 2012 revenue of $40.5 million, versus the consensus of $42.1 million. Raises dividend to $0.03 per share.
Synnex Corp. (NYSE: SNX) 14.4% LOWER; reported Q1 EPS of $1.02, 10 cents better than the analyst estimate of $0.92. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.55 billion. Sees Q2 2012 EPS of $0.87-$0.91, versus the consensus of $0.95. Sees Q2 2012 revenue of $2.45-$2.55 million, versus the consensus of $2.6 million. The stock was downgraded at Citi this morning.
Pentair, Inc. (NYSE: PNR) 14.7% HIGHER; Pentair and Tyco International Ltd. (NYSE: TYC) entered a definitive agreement to combine Tyco's Flow Control business with Pentair in a tax-free, all-stock merger. The transaction values Tyco Flow at approximately $4.9 billion.
A123 Systems (Nasdaq: AONE) 14.6% LOWER; Deutsche Bank downgraded the stock to Hold this morning.
Christopher & Banks (NYSE: CBK) 13.1% LOWER; reports net sales of $68.84 million for the nine weeks ended January 28th, 2012. The net loss totaled 89 cents per share.
Teekay Tankers (NYSE: TNK) 11.8% HIGHER; Dahlman Rose upgraded the stock from Hold to Buy this morning.
Glu Mobile (Nasdaq: GLUU) 11% HIGHER; M&A chatter heating up amid Zynga's (Nasdaq: ZNGA) purchase of OMGPOP last week. In addition to a Seeking Alpha article calling the stock "The Biggest Acquisition Target In the Gaming Market," Bloomberg also offered some takeover speculation earlier. For more color, click here.
KiOR (Nasdaq: KIOR) 10.9% HIGHER; reported Q4 loss of 15 cents per share, in-line with the analyst estimate of ($0.15).
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Amylin (Nasdaq: AMLN) 45.1% HIGHER; the company rejected a $22 per share bid from Bristol-Myers (NYSE: BMY).
Fortuna Silver Mines (NYSE: FSM) 17.8% LOWER; the stock was downgraded at CIBC and Coremark this morning following an update on the company's reserves and resources late yesterday.
US Home Systems, Inc. (NASDAQ: USHS) 16.7 LOWER; reported Q4 EPS of $0.12, $0.01 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $38.7 million versus the consensus estimate of $40.41 million. Sees Q1 2012 EPS of $0.09, versus the consensus of $0.10. Sees Q1 2012 revenue of $40.5 million, versus the consensus of $42.1 million. Raises dividend to $0.03 per share.
Synnex Corp. (NYSE: SNX) 14.4% LOWER; reported Q1 EPS of $1.02, 10 cents better than the analyst estimate of $0.92. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.55 billion. Sees Q2 2012 EPS of $0.87-$0.91, versus the consensus of $0.95. Sees Q2 2012 revenue of $2.45-$2.55 million, versus the consensus of $2.6 million. The stock was downgraded at Citi this morning.
Pentair, Inc. (NYSE: PNR) 14.7% HIGHER; Pentair and Tyco International Ltd. (NYSE: TYC) entered a definitive agreement to combine Tyco's Flow Control business with Pentair in a tax-free, all-stock merger. The transaction values Tyco Flow at approximately $4.9 billion.
A123 Systems (Nasdaq: AONE) 14.6% LOWER; Deutsche Bank downgraded the stock to Hold this morning.
Christopher & Banks (NYSE: CBK) 13.1% LOWER; reports net sales of $68.84 million for the nine weeks ended January 28th, 2012. The net loss totaled 89 cents per share.
Teekay Tankers (NYSE: TNK) 11.8% HIGHER; Dahlman Rose upgraded the stock from Hold to Buy this morning.
Glu Mobile (Nasdaq: GLUU) 11% HIGHER; M&A chatter heating up amid Zynga's (Nasdaq: ZNGA) purchase of OMGPOP last week. In addition to a Seeking Alpha article calling the stock "The Biggest Acquisition Target In the Gaming Market," Bloomberg also offered some takeover speculation earlier. For more color, click here.
KiOR (Nasdaq: KIOR) 10.9% HIGHER; reported Q4 loss of 15 cents per share, in-line with the analyst estimate of ($0.15).
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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