Morning Movers 03/29: (OPHC) (DEER) (IDRA) (RHT) Higher; (CHTP) (AH) (SABA) Lower
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OptimumBank Holdings (Nasdaq: OPHC) 58% HIGHER; shares are continuing sharply higher after breaking above the $1 level earlier this week. The stock is now up nearly 250 percent since Friday's close.
Deer Consumer Products, Inc. (Nasdaq: DEER) 35.2% HIGHER; reported 2011 net income of $1.18 per share, from 90 cents in 2010. Revenue rose 29 percent to $226.75 million, from $175.85 million in the same period last year.
Chelsea Therapeutics (Nasdaq: CHTP) 28% LOWER; shares are getting slammed Thursday morning, following an update to its Northera (droxidopa) Capsules NDA submission to the FDA. Click here to see the full report.
Idera Pharma (Nasdaq: IDRA) 27.5% HIGHER; the stock is breaking above resistance at $1.50 today. Volume is very heavy.
Red Hat, Inc. (NYSE: RHT) 16% HIGHER; reported Q4 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $297 million versus the consensus estimate of $291.2 million. Sees Q1 adj-EPS of 25-27 cents on sales of $307-$311 million. The Street is looking for Q1 EPS of 27 cents on sales of $306.2 million. Sees FY13 adj-EPS of $1.16-$1.20, vs. the consensus of $1.15, sales of $1.34-$1.36 billion, vs. the consensus of $1.3 billion.
Galena Biopharma (NASDAQ: GALE) 16% HIGHER; reported Q4 EPS of $0.04, $0.19 better than the analyst estimate of ($0.15).
Accretive Health (NYSE: AH) 15.6% LOWER; announces a pact to resolve issues with the Attorney General in Minnesota. The company is expect FY12 sales to be hurt by about $62-$68 million related to the pact.
Saba (Nasdaq: SABA) 14.6% LOWER; announced that it is delaying its third quarter fiscal year 2012 earnings release and investor conference call to allow the Company additional time to complete an internal review of the accounting treatment of certain international transactions. Upon completion of the internal review, the Company plans to release earnings concurrently with the filing of its Form 10-Q. Once that date is finalized, Saba will schedule an investor conference call to discuss the financial results for the period. The Company previously announced it would issue an earnings release after market close on March 29, 2012.
Sino Clean Energy (Nasdaq: SCEI) 11.6% HIGHER; continuing a late-day rally from yesterday. Price and volume spiked sharply right at 10am ET as shares pushed over $2.40 and consequently $2.50.
Verso Paper (NYSE: VRS) 10.5% HIGHER; appears to be breaking above resistance at $1.70 this morning. The company announced two of its wholly owned subsidiaries, Verso Paper Holdings LLC and Verso Paper Inc., have launched an offer to issue up to $180.2 million aggregate principal amount of a new series of 9.75% secured notes due 2019 in exchange for any and all of the Issuers’ outstanding $180.2 million aggregate principal amount of senior secured floating-rate notes due 2014
Collective Brands (NYSE: PSS) 10.3% HIGHER; South Korea's Maeil Business Newspaper is reporting E-Land Group of South Korea is looking to offer $1.8 billion to purchase Collective.
Deer Consumer Products, Inc. (Nasdaq: DEER) 35.2% HIGHER; reported 2011 net income of $1.18 per share, from 90 cents in 2010. Revenue rose 29 percent to $226.75 million, from $175.85 million in the same period last year.
Chelsea Therapeutics (Nasdaq: CHTP) 28% LOWER; shares are getting slammed Thursday morning, following an update to its Northera (droxidopa) Capsules NDA submission to the FDA. Click here to see the full report.
Idera Pharma (Nasdaq: IDRA) 27.5% HIGHER; the stock is breaking above resistance at $1.50 today. Volume is very heavy.
Red Hat, Inc. (NYSE: RHT) 16% HIGHER; reported Q4 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $297 million versus the consensus estimate of $291.2 million. Sees Q1 adj-EPS of 25-27 cents on sales of $307-$311 million. The Street is looking for Q1 EPS of 27 cents on sales of $306.2 million. Sees FY13 adj-EPS of $1.16-$1.20, vs. the consensus of $1.15, sales of $1.34-$1.36 billion, vs. the consensus of $1.3 billion.
Galena Biopharma (NASDAQ: GALE) 16% HIGHER; reported Q4 EPS of $0.04, $0.19 better than the analyst estimate of ($0.15).
Accretive Health (NYSE: AH) 15.6% LOWER; announces a pact to resolve issues with the Attorney General in Minnesota. The company is expect FY12 sales to be hurt by about $62-$68 million related to the pact.
Saba (Nasdaq: SABA) 14.6% LOWER; announced that it is delaying its third quarter fiscal year 2012 earnings release and investor conference call to allow the Company additional time to complete an internal review of the accounting treatment of certain international transactions. Upon completion of the internal review, the Company plans to release earnings concurrently with the filing of its Form 10-Q. Once that date is finalized, Saba will schedule an investor conference call to discuss the financial results for the period. The Company previously announced it would issue an earnings release after market close on March 29, 2012.
Sino Clean Energy (Nasdaq: SCEI) 11.6% HIGHER; continuing a late-day rally from yesterday. Price and volume spiked sharply right at 10am ET as shares pushed over $2.40 and consequently $2.50.
Verso Paper (NYSE: VRS) 10.5% HIGHER; appears to be breaking above resistance at $1.70 this morning. The company announced two of its wholly owned subsidiaries, Verso Paper Holdings LLC and Verso Paper Inc., have launched an offer to issue up to $180.2 million aggregate principal amount of a new series of 9.75% secured notes due 2019 in exchange for any and all of the Issuers’ outstanding $180.2 million aggregate principal amount of senior secured floating-rate notes due 2014
Collective Brands (NYSE: PSS) 10.3% HIGHER; South Korea's Maeil Business Newspaper is reporting E-Land Group of South Korea is looking to offer $1.8 billion to purchase Collective.
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