Unusual 11 Mid-Day Movers 09/25: (PPHM) (GENE) (HMPR) Higher; (GEVO) (MACK) (OMEX) Lower
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Peregrine Pharmaceuticals (Nasdaq: PPHM) 49.1% HIGHER; bouncing higher after slipping 85 percent Monday following news of a coding error tied to its randomized, double-blind placebo-controlled Phase II trial of bavituximab in second-line non-small cell lung cancer.
Gevo, Inc. (Nasdaq: GEVO) 34.1% LOWER; announced the start-up of its Luverne, Minn., bio-isobutanol production facility. Over the past 17 weeks, Gevo has successfully produced and shipped commercial-quality product in railcars for customers. CEO Patrick Gruber said, "Early indications are that, while we are making significant progress towards economic production levels, we will not achieve our desired year-end run rate – instead we would expect to achieve that during 2013." The stock was downgraded at Cowen and ThinkEquity today.
Merrimack Pharmaceuticals (Nasdaq: MACK) 19.2% LOWER; pulling back after running higher for nine of the last 10 sessions.
Odyssey Marine Exploration (Nasdaq: OMEX) 19.2% LOWER; said that due to current weather conditions in the North Atlantic and the previous commitment of the Seabed Worker to another charter, operations on the SS Gairsoppa and SS Mantola shipwrecks have been deferred until weather in the area is appropriate for operations in the second quarter of 2013.
Swisher Hygiene Inc. (Nasdaq: SWSH) 16.5% LOWER; received a letter of noncompliance from Nasdaq.
Genetic Technologies Limited (Nasdaq: GENE) 16.1% HIGHER; is pleased to announce that BREVAGen" has been cleared for sale into the State of Florida following the grant of a permit to the Company's Australian-based laboratory by the Clinical Laboratory Unit of the Florida Agency for Healthcare Administration.
Hampton Roads Bankshares, Inc. (Nasdaq: HMPR) 12.7% HIGHER; has expanded its Board of Directors and appointed Charles M. Johnston to the Board. Johnston has over three decades of experience in finance and banking, including over 15 years in senior management positions with community banking institutions.
Key Energy Services, Inc. (NYSE: KEG) 12.5% LOWER; expects third quarter 2012 consolidated results from continuing operations to be below prior expectations. Click here for more color.
Vail Resorts, Inc. (NYSE: MTN) 10.8% HIGHER; reported Q4 EPS of ($1.50), $0.06 better than the analyst estimate of ($1.56). Revenue for the quarter came in at $113.54 million versus the consensus estimate of $107.18 million.
Sinovac Biotech Ltd. (Nasdaq: SVA) 10.8% HIGHER; has been selected by the Beijing Health Bureau and the Shanghai Centers for Disease Control and Prevention (Shanghai CDC) to supply the Company's inactivated hepatitis A vaccine, Healive, to the Expanded Program of Immunization (EPI) for each city. The tenders awarded to Sinovac in Beijing and Shanghai are valued at approximately 20 million RMB and 13 million RMB, respectively.
United Community Financial Corp. (Nasdaq: UCFC) 10.5% HIGHER; announced today that Home Savings has successfully completed the bulk sale of a substantial amount of the Bank’s troubled loans, along with other assets, to an unrelated party.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Gevo, Inc. (Nasdaq: GEVO) 34.1% LOWER; announced the start-up of its Luverne, Minn., bio-isobutanol production facility. Over the past 17 weeks, Gevo has successfully produced and shipped commercial-quality product in railcars for customers. CEO Patrick Gruber said, "Early indications are that, while we are making significant progress towards economic production levels, we will not achieve our desired year-end run rate – instead we would expect to achieve that during 2013." The stock was downgraded at Cowen and ThinkEquity today.
Merrimack Pharmaceuticals (Nasdaq: MACK) 19.2% LOWER; pulling back after running higher for nine of the last 10 sessions.
Odyssey Marine Exploration (Nasdaq: OMEX) 19.2% LOWER; said that due to current weather conditions in the North Atlantic and the previous commitment of the Seabed Worker to another charter, operations on the SS Gairsoppa and SS Mantola shipwrecks have been deferred until weather in the area is appropriate for operations in the second quarter of 2013.
Swisher Hygiene Inc. (Nasdaq: SWSH) 16.5% LOWER; received a letter of noncompliance from Nasdaq.
Genetic Technologies Limited (Nasdaq: GENE) 16.1% HIGHER; is pleased to announce that BREVAGen" has been cleared for sale into the State of Florida following the grant of a permit to the Company's Australian-based laboratory by the Clinical Laboratory Unit of the Florida Agency for Healthcare Administration.
Hampton Roads Bankshares, Inc. (Nasdaq: HMPR) 12.7% HIGHER; has expanded its Board of Directors and appointed Charles M. Johnston to the Board. Johnston has over three decades of experience in finance and banking, including over 15 years in senior management positions with community banking institutions.
Key Energy Services, Inc. (NYSE: KEG) 12.5% LOWER; expects third quarter 2012 consolidated results from continuing operations to be below prior expectations. Click here for more color.
Vail Resorts, Inc. (NYSE: MTN) 10.8% HIGHER; reported Q4 EPS of ($1.50), $0.06 better than the analyst estimate of ($1.56). Revenue for the quarter came in at $113.54 million versus the consensus estimate of $107.18 million.
Sinovac Biotech Ltd. (Nasdaq: SVA) 10.8% HIGHER; has been selected by the Beijing Health Bureau and the Shanghai Centers for Disease Control and Prevention (Shanghai CDC) to supply the Company's inactivated hepatitis A vaccine, Healive, to the Expanded Program of Immunization (EPI) for each city. The tenders awarded to Sinovac in Beijing and Shanghai are valued at approximately 20 million RMB and 13 million RMB, respectively.
United Community Financial Corp. (Nasdaq: UCFC) 10.5% HIGHER; announced today that Home Savings has successfully completed the bulk sale of a substantial amount of the Bank’s troubled loans, along with other assets, to an unrelated party.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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