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Unusual 11 Mid-Day Movers 04/14: (CHINA) (NEP) (ACOR) Higher; (FFHL) (KITD) (ZOOG) Lower

April 14, 2011 1:48 PM EDT
CDC Corp. (Nasdaq: CHINA) 31.0% HIGHER; moving higher mid-day today, though we haven't heard any news yet. Volume on the move is extremely heavy, nearly 29 times average.

China North East Petroleum. (AMEX: NEP) 25.2% HIGHER; rebounding from yesterday following a negative report from Bigfish Research, NEP has refuted the alleagations. NEP confirms that it was never contacted by Bigfish regarding any claims made in its report. NEP plans to issue a formal response to the allegations within days.

Acorda Therapeutics (Nasdaq: ACOR) 24.2% HIGHER; the stock shot-up in a straight line mid-day, but we are yet to confirm any news. Hearing move higher could be related to a patent on its new Ampyra drug.

Fuwei Films (Holdings) (Nasdaq: FFHL) 20.8% LOWER; traders are taking profits today following a more than 10 percent surge over the last two trading sessions. The stock seems to have bounced off a resistance level around $3.50.

Evergreen Solar, Inc. (Nasdaq: ESLR) 15.9% HIGHER; appears to be catching a bid above $1.40. Volume on Evergreen is also heavy today. Notably, shares surged 21.5% yesterday.

SUPERVALU Inc. (NYSE: SVU) 14.3% HIGHER; reported Q4 EPS of $0.44, $0.10 better than the analyst estimate of $0.34. Revenue for the quarter came in at $8.66 billion versus the consensus estimate of $8.76 billion. Sees FY12 adj-EPS of $1.20-$1.40, vs. the consensus estimate of $1.17.

KIT digital, Inc. (Nasdaq: KITD) 12.4% LOWER; falling below the $11.50 price level. KIT seems to have found some support at $9.75, however. Volume today is nearly four-times the trailing three-month average.

Sify Technologies (Nasdaq: SIFY) 14.4% HIGHER; continuing higher today following an 18% late-day rise yesterday. Not hearing any news.

Zoo Entertainment, Inc. (Nasdaq: ZOOG) 9.1% LOWER; announced that it has canceled its fiscal 2010 conference call scheduled for today, Thursday, April 14, 2011 at 4:30 p.m. EDT, due to the status of its year-end audit which is being finalized with the company's independent registered public accountants, but to date, has not yet been completed.

KV Pharma (NYSE: KV.A) 9% LOWER; stock continue lower today. Shares have been extremely volatile lately, and down 14.4 percent since the beginning of this week.

Universal Forest Products, Inc. (Nasdaq: UFPI) 8.3% LOWER; reported Q1 loss of $0.19, vs. the analyst estimate of $0.01 gain. Revenue for the quarter came in at $387.2 million versus the consensus estimate of $421.91 million. Will not resume providing forecast in the future.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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