Unusual 11 Mid-Day Movers 10/11: (BBND) (INSW) (USAK) Higher; (GLGL) (ZLC) (RBCN) Lower
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Bigband Networks (Nasdaq: BBND) 74% HIGHER; ARRIS (Nasdaq: ARRS) to buy BigBand for $2.24/share in cash.
InsWeb (Nasdaq: INSW) 41.9% HIGHER; Bankrate (Nasdaq: RATE) to acquire InsWeb assets relating to insurance lead generation and marketing business for $65 million in cash at closing.
USA Truck (Nasdaq: USAK) 21.2% HIGHER; Celadon (NYSE: CGI) disclosed the company is looking to talk to USA Truck management about a possible combination. Celadon is showing a 6.29 percent stake in USA Truck.
Coffee Holding Co. (Nasdaq: JVA) 19.9% HIGHER; traders continuing to buy the dip following a decline to $7.50 on the last day of trading in September. The stock is up nearly 33 percent since the beginning of last week. Roth Capital initiated coverage on the stock with a Buy rating and $15 price target earlier.
Gevo (Nasdaq: GEVO) 19.7% HIGHER; shares of Gevo have charged through a resistance level at $8 over just the last half hour of trade. Volume spiked with the price.
GLG Life Tech (Nasdaq: GLGL) 16.9% LOWER; following a business update last week, shares have continued to tumble. The stock is down more than 76 percent since Thursday of last week.
Kenexa (Nasdaq: KNXA) 14% HIGHER; expects non-GAAP revenue to be at or above the high-end of its previously-issued guidance range of $72.0 million to $74.0 million. The Street sees $73.2 million. Non-GAAP operating income is also expected to be at or above the high-end of the previously-issued guidance range of $7.1 million to $7.5 million, leading to non-GAAP net income per diluted share that is at or above the high-end of the previously issued range of $0.19 to $0.20. The Street is looking for EPS of $0.20.
Zale Corp. (NYSE: ZLC) 9.9% LOWER; investors taking profits this morning following a 14 percent rise yesterday.
OfficeMax (NYSE: OMX) 9.1% LOWER; stock continuing a very volatile run recently. The stock has broken below support around $4.75 today.
Rubicon Technology (NASDAQ: RBCN) 8.4% LOWER; Piper Jaffray downgraded shares of the stock to an Underweight rating from its previous rating of Neutral and slashed its price target from $15 to $7.
Suntech Power Holdings Co., Ltd. (NYSE: STP) 7.2% LOWER; Raymond James downgraded Suntech from Market Perform to Underperform.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
InsWeb (Nasdaq: INSW) 41.9% HIGHER; Bankrate (Nasdaq: RATE) to acquire InsWeb assets relating to insurance lead generation and marketing business for $65 million in cash at closing.
USA Truck (Nasdaq: USAK) 21.2% HIGHER; Celadon (NYSE: CGI) disclosed the company is looking to talk to USA Truck management about a possible combination. Celadon is showing a 6.29 percent stake in USA Truck.
Coffee Holding Co. (Nasdaq: JVA) 19.9% HIGHER; traders continuing to buy the dip following a decline to $7.50 on the last day of trading in September. The stock is up nearly 33 percent since the beginning of last week. Roth Capital initiated coverage on the stock with a Buy rating and $15 price target earlier.
Gevo (Nasdaq: GEVO) 19.7% HIGHER; shares of Gevo have charged through a resistance level at $8 over just the last half hour of trade. Volume spiked with the price.
GLG Life Tech (Nasdaq: GLGL) 16.9% LOWER; following a business update last week, shares have continued to tumble. The stock is down more than 76 percent since Thursday of last week.
Kenexa (Nasdaq: KNXA) 14% HIGHER; expects non-GAAP revenue to be at or above the high-end of its previously-issued guidance range of $72.0 million to $74.0 million. The Street sees $73.2 million. Non-GAAP operating income is also expected to be at or above the high-end of the previously-issued guidance range of $7.1 million to $7.5 million, leading to non-GAAP net income per diluted share that is at or above the high-end of the previously issued range of $0.19 to $0.20. The Street is looking for EPS of $0.20.
Zale Corp. (NYSE: ZLC) 9.9% LOWER; investors taking profits this morning following a 14 percent rise yesterday.
OfficeMax (NYSE: OMX) 9.1% LOWER; stock continuing a very volatile run recently. The stock has broken below support around $4.75 today.
Rubicon Technology (NASDAQ: RBCN) 8.4% LOWER; Piper Jaffray downgraded shares of the stock to an Underweight rating from its previous rating of Neutral and slashed its price target from $15 to $7.
Suntech Power Holdings Co., Ltd. (NYSE: STP) 7.2% LOWER; Raymond James downgraded Suntech from Market Perform to Underperform.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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