Unusual 11 Mid-Day Movers 05/30: (NCIT) (NEON) (TPGI) Higher; (PBY) (SURG) (MAGS) Lower
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NCI, Inc. (NASDAQ: NCIT) 29.7% HIGHER; announced today that it was an awardee on the $20B ceiling Chief Information Officers-Solutions and Partners Government Wide Acquisition Contract
Neonode, Inc. (Nasdaq: NEON) 27.2% HIGHER; moving higher following a bullish SeekingAlpha piece by James Altucher. In the article, Altucher said the company developed a pre-iPhone years before Apple (Nasdaq: AAPL) and now has severely disrupted Apple's patent case versus Samsung. He said the company could now find itself a takeover target that could boost the stock to $30 per share.
Thomas Properties Group, Inc. (Nasdaq: TPGI) 19.7% HIGHER; has entered into a definitive purchase agreement with certain institutional accredited investors affiliated with Madison International Realty with respect to the private placement of 8,695,693 shares of its common stock at a purchase price of $5.75, per share, for expected gross proceeds of approximately $50 million before payment of estimated transaction expenses.
Pep Boys - Manny, Moe & Jack (NYSE: PBY) 19.4% LOWER; announced buyer The Gores Group has terminated the deal to acquire the company. The Gores Group has agreed to pay Pep Boys a fee of $50 million and to reimburse Pep Boys for certain merger-related expenses.
Synergetics USA, Inc. (Nasdaq: SURG) 18.8% LOWER; offers prelim. Q3 sales of $14.4-$14.7 million, which compares to the Street estimate of $16.1 million. Looking for EPS of 4-6 cents before a 1 cent writedown.
Magal Security Systems Ltd (NASDAQ: MAGS) 17.6% LOWER; reported Q1 EPS of $0.00, versus ($0.15) reported last year. Revenue for the quarter came in at $15.6 million, versus $11.5 million reported last year.
Teavana Holdings (NYSE: TEA) 16.8% LOWER; reported Q1 adj-EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $44.3 million versus the consensus estimate of $45.11 million. Reaffirmed FY2012 guidance.
ZaZa Energy (Nasdaq: ZAZA) 13.6% LOWER; shares are breaking below the 50- and 200-day simple moving averages, as well as support at both $3.50 and $3.25. Volume is about normal.
The Fresh Market, Inc. (Nasdaq: TFM) 13.2% HIGHER; reported Q1 EPS of $0.40, $0.04 better than the analyst estimate of $0.36. Revenue for the quarter came in at $324.8 million versus the consensus estimate of $310.48 million. Sees FY2012 EPS of $1.28-$1.34, versus the consensus of $1.30. Sees comps increasing 4.5% to 6.5%.
Booz Allen Hamilton (NYSE: BAH) 13.2% HIGHER; reported Q4 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.55 billion. Sees FY2013 EPS of $1.71-$1.81, versus the consensus of $1.72. Declared a special dividend of $1.50 per share.
Zogenix Inc. (Nasdaq: ZGNX) 13.2% HIGHER; today announced that it has submitted an investigational new drug (IND) application to the U.S. Food & Drug Administration (FDA) for Relday, which is a combination of Zogenix's DosePro® needle-free, subcutaneous drug delivery system plus a proprietary, subcutaneous once-monthly formulation of risperidone for treating schizophrenia.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Neonode, Inc. (Nasdaq: NEON) 27.2% HIGHER; moving higher following a bullish SeekingAlpha piece by James Altucher. In the article, Altucher said the company developed a pre-iPhone years before Apple (Nasdaq: AAPL) and now has severely disrupted Apple's patent case versus Samsung. He said the company could now find itself a takeover target that could boost the stock to $30 per share.
Thomas Properties Group, Inc. (Nasdaq: TPGI) 19.7% HIGHER; has entered into a definitive purchase agreement with certain institutional accredited investors affiliated with Madison International Realty with respect to the private placement of 8,695,693 shares of its common stock at a purchase price of $5.75, per share, for expected gross proceeds of approximately $50 million before payment of estimated transaction expenses.
Pep Boys - Manny, Moe & Jack (NYSE: PBY) 19.4% LOWER; announced buyer The Gores Group has terminated the deal to acquire the company. The Gores Group has agreed to pay Pep Boys a fee of $50 million and to reimburse Pep Boys for certain merger-related expenses.
Synergetics USA, Inc. (Nasdaq: SURG) 18.8% LOWER; offers prelim. Q3 sales of $14.4-$14.7 million, which compares to the Street estimate of $16.1 million. Looking for EPS of 4-6 cents before a 1 cent writedown.
Magal Security Systems Ltd (NASDAQ: MAGS) 17.6% LOWER; reported Q1 EPS of $0.00, versus ($0.15) reported last year. Revenue for the quarter came in at $15.6 million, versus $11.5 million reported last year.
Teavana Holdings (NYSE: TEA) 16.8% LOWER; reported Q1 adj-EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $44.3 million versus the consensus estimate of $45.11 million. Reaffirmed FY2012 guidance.
ZaZa Energy (Nasdaq: ZAZA) 13.6% LOWER; shares are breaking below the 50- and 200-day simple moving averages, as well as support at both $3.50 and $3.25. Volume is about normal.
The Fresh Market, Inc. (Nasdaq: TFM) 13.2% HIGHER; reported Q1 EPS of $0.40, $0.04 better than the analyst estimate of $0.36. Revenue for the quarter came in at $324.8 million versus the consensus estimate of $310.48 million. Sees FY2012 EPS of $1.28-$1.34, versus the consensus of $1.30. Sees comps increasing 4.5% to 6.5%.
Booz Allen Hamilton (NYSE: BAH) 13.2% HIGHER; reported Q4 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.55 billion. Sees FY2013 EPS of $1.71-$1.81, versus the consensus of $1.72. Declared a special dividend of $1.50 per share.
Zogenix Inc. (Nasdaq: ZGNX) 13.2% HIGHER; today announced that it has submitted an investigational new drug (IND) application to the U.S. Food & Drug Administration (FDA) for Relday, which is a combination of Zogenix's DosePro® needle-free, subcutaneous drug delivery system plus a proprietary, subcutaneous once-monthly formulation of risperidone for treating schizophrenia.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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