Unusual 11 Mid-Day Movers: EPIX, LOCM, PIR Higher; TUES, STAR Lower
EPIX Pharmaceuticals (NASDAQ: EPIX) 34% HIGHER; announced compelling top-line results from a Phase 2a two-week clinical trial of its novel 5-HT4 agonist, PRX-03140, in patients with Alzheimer's disease.
VISICU, Inc. (NASDAQ: EICU) 32.5% HIGHER; entered into a merger agreement through which an affiliate of Philips will acquire the entire share capital of VISICU for $12.00 per share.
Tuesday Morning Corporation (Nasdaq: TUES) 30.1% LOWER; lowers guidance. Sees 2008 revenue in the range of $943 to $955 million with low single digit negative comparable store sales. The Wall Street consensus is $977.05 million. Diluted earnings per share, based on these sales results, would be approximately $0.58 to $0.65 per diluted share for the fiscal year 2008. The Wall Street consensus is $0.76.
Local.com Corp. (Nasdaq: LOCM) 20.9% HIGHER; may be feeling upward pressure today as a result of Borrell Associates ranking Local.com as the leader in online advertising revenue growth for 2007, with a 138% year over year increase.
Pier 1 Imports (NYSE: PIR) 18.3% HIGHER; appears to be moving higher today on no recent news.
Starent Networks Corp. (Nasdaq: STAR) 13.2% LOWER; downgraded by J.P. Morgan from Overweight to Neutral.
Quicksilver Resources (NYSE: KWK) 12.6% HIGHER; upgraded at Canaccord Adams from Hold to Buy with a $66 price target, saying they were impressed with the growth outlook following a recent visit. Also announced a $885 million budget for 2008.
eHealth, Inc. (Nasdaq: EHTH) 12% LOWER; is being corrected after yesterdays 10% rally in the Company's stock price.
Zix Corp. (Nasdaq: ZIXI) 11.7% LOWER; appears to be selling-off in mid-day for no apparent reason.
EMCORE Corp. (Nasdaq: EMKR) 10.4% HIGHER; announced it would buy certain telecom assets from Intel's (Nasdaq: INTC) optical platform division for about $85 million.
WellCare Health Plans, Inc. (NYSE: WCG) 3.2% LOWER; continues yesterdays 8.7% drop, which was related to fears of more negative new related to the DOJ probe.
Related Categories
Special ReportsStocks Mentioned
Sign 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!
