Unusual 11 Mid-Day Movers 04/22: (AIM) (PWER) (MPR) Higher; (AFFX) (MHR) (MEET) Lower
Tweet
Share
E-mail
Get Alerts AIM Hot Sheet
Join SI Premium – FREE
Aerosonic Corporation (NYSE: AIM) 59.6% HIGHER; TransDigm Group Inc (NYSE: TDG) announced an agreement to acquire Aerosonic for $7.75 per share in cash in a transaction valued at approximately $39 million on a fully-diluted basis.
Power-One, Inc. (Nasdaq: PWER) 57.2% HIGHER; ABB (NYSE: ABB) announced an agreement to acquire the company $6.35 per share in cash or $1.028 billion in equity. The deal comes at at 51.2 percent premium to Friday's close for Power-One of $4.40 per share.
Met-Pro Corporation (NYSE: MPR) 38.9% HIGHER; CECO Environmental Corp. (Nasdaq: CECE) entered into a definitive agreement to acquire Met-Pro. Met-Pro is a leading global, niche-oriented provider of product recovery, pollution control, fluid handling and filtration solutions across multiple diversified end-markets. The transaction is expected to be accretive to CECO's earnings per share, margins and cash flow.
China Information Technology, Inc. (Nasdaq: CNIT) 11.6% HIGHER; reported Q4 EPS of ($0.86), versus ($0.22) reported last year. Revenue for the quarter came in at $29.4 million, versus $31.24 million reported last year.
ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) 10.8% HIGHER; has been down last week following approval by the FDA to submit NDA for pimavanserin as Parkinson’s disease psychosis (PDP) treatment.
Albany Molecular Research Inc. (Nasdaq: AMRI) 10.8% HIGHER; Albany Molecular Research is one of many biotech names up notably. May have something to do with recent action in Vertex, which saw plenty of upside following solid VX-661 Phase 2 data.
Affymetrix, Inc. (Nasdaq: AFFX) 9.4% LOWER; continuing lower after issuing a Q1 warning on April 9th. The stock has closed lower six of the last nine sessions.
Magnum Hunter Resources Corp. (NYSE: MHR) 8.6% LOWER; Deutsche Bank downgraded Magnum Hunter from Buy to Hold, halving its price target to $3.50.
MeetMe, Inc. (Nasdaq: MEET) 7.5% LOWER; moving below the $1.75 support level on volume.
OCZ Technology Group, Inc. (Nasdaq: OCZ) 6.9% LOWER; could be seeing a little added pressure due in part to a negative blog post.
Star Scientific, Inc. (Nasdaq: STSI) 5.3% LOWER; another class action press release out today, alleging it mislead investors.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Power-One, Inc. (Nasdaq: PWER) 57.2% HIGHER; ABB (NYSE: ABB) announced an agreement to acquire the company $6.35 per share in cash or $1.028 billion in equity. The deal comes at at 51.2 percent premium to Friday's close for Power-One of $4.40 per share.
Met-Pro Corporation (NYSE: MPR) 38.9% HIGHER; CECO Environmental Corp. (Nasdaq: CECE) entered into a definitive agreement to acquire Met-Pro. Met-Pro is a leading global, niche-oriented provider of product recovery, pollution control, fluid handling and filtration solutions across multiple diversified end-markets. The transaction is expected to be accretive to CECO's earnings per share, margins and cash flow.
China Information Technology, Inc. (Nasdaq: CNIT) 11.6% HIGHER; reported Q4 EPS of ($0.86), versus ($0.22) reported last year. Revenue for the quarter came in at $29.4 million, versus $31.24 million reported last year.
ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) 10.8% HIGHER; has been down last week following approval by the FDA to submit NDA for pimavanserin as Parkinson’s disease psychosis (PDP) treatment.
Albany Molecular Research Inc. (Nasdaq: AMRI) 10.8% HIGHER; Albany Molecular Research is one of many biotech names up notably. May have something to do with recent action in Vertex, which saw plenty of upside following solid VX-661 Phase 2 data.
Affymetrix, Inc. (Nasdaq: AFFX) 9.4% LOWER; continuing lower after issuing a Q1 warning on April 9th. The stock has closed lower six of the last nine sessions.
Magnum Hunter Resources Corp. (NYSE: MHR) 8.6% LOWER; Deutsche Bank downgraded Magnum Hunter from Buy to Hold, halving its price target to $3.50.
MeetMe, Inc. (Nasdaq: MEET) 7.5% LOWER; moving below the $1.75 support level on volume.
OCZ Technology Group, Inc. (Nasdaq: OCZ) 6.9% LOWER; could be seeing a little added pressure due in part to a negative blog post.
Star Scientific, Inc. (Nasdaq: STSI) 5.3% LOWER; another class action press release out today, alleging it mislead investors.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- BofA says momentum style supported by earnings revisions
- UBS says bull market has further to run
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Deutsche Bank, Unusual 11 Mid-Day Movers, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
