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StreetInsider.com Pre-Open Movers 12/12: (YMI) (SCMP) (DLB) Higher; (GEOS) (CIE) (MCP) Lower (more...)

December 12, 2012 9:29 AM EST
YM BioSciences Inc. (NYSE: YMI) 75% HIGHER; Gilead will acquire YM for U.S.$2.95 per share in cash.

Geospace Techn (NASDAQ: GEOS) 11% LOWER; reported Q4 EPS of $0.33, $0.33 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $36.9 million versus the consensus estimate of $47.12 million.

Cobalt International Energy, Inc, (NYSE: CIE) 10% LOWER; commenced a registered underwritten public offering of $1,200,000,000 aggregate principal amount of its convertible senior notes due 2019.

Sucampo Pharmaceuticals, Inc. (Nasdaq: SCMP) 9% HIGHER; has received approval of an sNDA for RESCULA (unoprostone isopropyl ophthalmic solution) 0.15% for the lowering of intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension from the U.S. Food and Drug Administration (FDA). Open-angle glaucoma is the most common form of glaucoma. Sucampo intends to commercialize RESCULA in the first quarter of 2013.

ZIOPHARM Oncology (NASDAQ: ZIOP) 6% LOWER; Jefferies downgraded from Buy to Hold with a price target of $4.00 (from $7.00) on increased clinical/regulatory risks.

Molycorp (NYSE: MCP) 6% LOWER; announced that its Board of Directors has appointed Constantine Karayannopoulos as Interim President and Chief Executive Officer and is immediately undertaking a search for a permanent President and Chief Executive Officer. He succeeds Mark A. Smith, who has left the Company.

Dolby Laboratories Inc. (NYSE: DLB) 6% HIGHER; declared a special dividend of $4.00 per share.

Nicholas Financial, Inc. (NASDAQ: NICK) 5% HIGHER; declared a special dividend of $2.00 per share.

Seagate Technology (NASDAQ: STX) 4% LOWER; Downgraded to Underweight at JPMorgan

Take-Two Interactive Software Inc. (NASDAQ: TTWO) 4% HIGHER; upgraded to Overweight at Piper Jaffray

Coinstar, Inc. (Nasdaq: CSTR) 4% HIGHER; announces RedBox Instant plans

NorthStar Realty Finance Corp. (NYSE: NRF) 4% LOWER; commenced an underwritten public offering of 25,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 3,750,000 additional shares of common stock.

DuPont (NYSE: DD) 3% HIGHER; announces $1B buyback, issues solid 2013 outlook

Alnylam Pharmaceuticals (NASDAQ: ALNY) 2% HIGHER; Piper Jaffray upgraded from Neutral to Overweight with a price target of $25.00 (from $19.00).

3D Systems (NYSE: DDD) 2% HIGHER; JPMorgan upgraded from Underweight to Neutral with a price target of $50.00 (from $39.00).

Williams Cos. (NYSE: WMB) 2% LOWER; Announces 46.5M Common Offering; Invests in Acquire 50% Interest in Access Midstream Partners GP, L.L.C. (Access GP) and Approximately 25% of the Limited Partner Units of Access Midstream Partners, LP (NYSE: ACMP) for Approximately $2.4 Billion.

Sensata Technologies Holding (NYSE: ST) 2% LOWER; announced the commencement of an underwritten public offering of 10,000,000 ordinary shares by existing shareholders as identified in the prospectus supplement relating to this offering.

Aetna Inc. (NYSE: AET) 2% HIGHER; reaffirms FY12 outlook. Aetna's full-year 2013 operating earnings per share are projected to be at least $5.40. The Street sees FY13 EPS of $5.52.

Under Armour, Inc. (NYSE: UA) 2% LOWER; JPMorgan initiates with a Underweight. PT $45.00

Chesapeake Energy Corporation (NYSE: CHK) 1% HIGHER to Sell Midstream Assets in $2.16B Deal with Access Midstream Partner (ACMP)

Western Refining (NYSE: WNR) 1% HIGHER; declared a special dividend of $1.50 per share

Deckers Outdoor Corp. (NASDAQ: DECK) 1% HIGHER; new Buy at Janney Capital

CF Industries (NYSE: CF) 1% LOWER; Goldman Sachs resumes coverage with a Sell rating and $204 price target, suggesting 5% downside. The firm said nitrogen fundamentals have peaked


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