Unusual 11 Midday Movers 01/18: (UEPS) (CBRX) (AMSC) Higher; (COOL) (KUTV) (BXS) Lower
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Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) 31.6% HIGHER; today announced that its wholly owned subsidiary, Cash Paymaster Services (Pty) Ltd has received a Letter of Award from the South African Social Security Agency for the provision of payment services for social grants in all of South Africa's nine provinces for a period of five years. The tender award is subject to the usual execution of a service level agreement by January 31, 2012.
Majesco Entertainment Company (NASDAQ: COOL) 28.5% LOWER; reported Q4 EPS of ($0.07), $0.10 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $25.1 million versus the consensus estimate of $26.05 million. Sees FY2012 EPS of $0.25-$0.35, versus the consensus of $0.46. Sees FY2012 revenue of $125-$140 million, versus the consensus of $141.45 million.
Columbia Labs (Nasdaq: CBRX) 23.3% HIGHER; bouncing today following a 54 percent plunge yesterday amid news the FDA announced its preterm birth gel was not effective.
American Superconductor (Nasdaq: AMSC) 18.9% HIGHER; the stock pushed over the $5 level after breaking above its 200-day SMA this morning. Volume is very heavy today.
Mad Catz Interactive, Inc. (AMEX: MCZ) 18.8% HIGHER; announced today that it has entered into a PlayStation® Accessory Licensing Agreement with SCEJ (Sony Computer Entertainment Japan), a division of Sony Computer Entertainment Inc. The agreement permits Mad Catz to manufacture and distribute products designed for use with the PlayStation®3 computer entertainment system and the PlayStation®Vita portable entertainment system throughout Japan.
Ku6 Media Co., Ltd (Nasdaq: KUTV) 18.7% LOWER; investors are taking some profits today after shares rose 144 percent yesterday. Shares were up on news that the company entered into a definitive agreement with YouTube, which would allow Ku6's international users to view original videos from China through a new channel operated by YouTube.
ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) 15.8% HIGHER; shares popped over their 200-day moving average on heavier volumes early this morning
Smith Micro (Nasdaq: SMSI) 14.5% HIGHER; seems to be continuing higher this morning following a test of 200-day late during yesterday's session.
Bancorpsouth, Inc. (NYSE: BXS) 9.4% LOWER; shares are falling after the company reported its Q4 earnings yesterday which topped expectations by $0.02. The company also announced its board approved a $100 million buyback plan.
Genon Energy (NYSE: GEN) 8.7% LOWER; shares are selling off today as Morgan Stanly initiated coverage on the stock with an Underweight rating.
Cash America International, Inc. (NYSE: CSH) 7.8% LOWER; the company announced it anticipates FY11 EPS will be roughly $4.25 per share, well below the $4.41 the Street is looking for. The Company expects revenue growth to exceed 25% for the fourth quarter.
Majesco Entertainment Company (NASDAQ: COOL) 28.5% LOWER; reported Q4 EPS of ($0.07), $0.10 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $25.1 million versus the consensus estimate of $26.05 million. Sees FY2012 EPS of $0.25-$0.35, versus the consensus of $0.46. Sees FY2012 revenue of $125-$140 million, versus the consensus of $141.45 million.
Columbia Labs (Nasdaq: CBRX) 23.3% HIGHER; bouncing today following a 54 percent plunge yesterday amid news the FDA announced its preterm birth gel was not effective.
American Superconductor (Nasdaq: AMSC) 18.9% HIGHER; the stock pushed over the $5 level after breaking above its 200-day SMA this morning. Volume is very heavy today.
Mad Catz Interactive, Inc. (AMEX: MCZ) 18.8% HIGHER; announced today that it has entered into a PlayStation® Accessory Licensing Agreement with SCEJ (Sony Computer Entertainment Japan), a division of Sony Computer Entertainment Inc. The agreement permits Mad Catz to manufacture and distribute products designed for use with the PlayStation®3 computer entertainment system and the PlayStation®Vita portable entertainment system throughout Japan.
Ku6 Media Co., Ltd (Nasdaq: KUTV) 18.7% LOWER; investors are taking some profits today after shares rose 144 percent yesterday. Shares were up on news that the company entered into a definitive agreement with YouTube, which would allow Ku6's international users to view original videos from China through a new channel operated by YouTube.
ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) 15.8% HIGHER; shares popped over their 200-day moving average on heavier volumes early this morning
Smith Micro (Nasdaq: SMSI) 14.5% HIGHER; seems to be continuing higher this morning following a test of 200-day late during yesterday's session.
Bancorpsouth, Inc. (NYSE: BXS) 9.4% LOWER; shares are falling after the company reported its Q4 earnings yesterday which topped expectations by $0.02. The company also announced its board approved a $100 million buyback plan.
Genon Energy (NYSE: GEN) 8.7% LOWER; shares are selling off today as Morgan Stanly initiated coverage on the stock with an Underweight rating.
Cash America International, Inc. (NYSE: CSH) 7.8% LOWER; the company announced it anticipates FY11 EPS will be roughly $4.25 per share, well below the $4.41 the Street is looking for. The Company expects revenue growth to exceed 25% for the fourth quarter.
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