Unusual 11 Mid-Day Movers: EPIX, LOCM, PIR Higher; TUES, STAR Lower

December 18, 2007 1:05 PM EST

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.


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Stocks Mentioned

EHTH 16.85

-0.82 -4.64%
Volume: 152,526
Track EHTH

EICU 11.99

+0.00 +0.00%
Volume: 0
Track EICU

EMKR 1.24

-0.03 -2.36%
Volume: 720,231
Track EMKR

EPIX 0.13

+0.00 +0.00%
Volume: 352,814
Track EPIX

INTC 16.72

-0.32 -1.88%
Volume: 54,945,439
Track INTC

KWK 8.96

-0.44 -4.68%
Volume: 4,555,433
Track KWK

LOCM 3.13

-0.17 -5.15%
Volume: 27,442
Track LOCM

PIR 27.47

+25.28 +1,154.34%
Volume: 440,537
Track PIR

STAR 23.98

-0.87 -3.50%
Volume: 1,549,916
Track STAR

TUES 3.31

-0.18 -5.16%
Volume: 161,064
Track TUES

WCG 26.21

+7.58 +40.69%
Volume: 441,184
Track WCG

ZIXI 1.59

-0.06 -3.64%
Volume: 448,974
Track ZIXI


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