StreetInsider.com Unusual 11 Mid-Day Movers 06/25/2007

June 25, 2007 12:40 PM EDT
U.S. Energy Systems, Inc. (Nasdaq: USEY) 38% LOWER; The Company previously reported that it has insufficient funds to make certain capital contributions required under the UK financing arrangements between September and December of 2007. On June 24, 2007, the board of directors of USEY took action to suspend Mr. Grant Emms, the Chief Executive Officer and a director of UK Energy Systems Ltd., a subsidiary of USEY. The Company believes that absent a refinancing, the raising of additional capital or other financial restructuring (including a restructuring involving the permitted sale of certain of the Company\'s assets), the Company will be unable to meet operating requirements and certain contractual obligations as they become due as early as August 2007.

U.S. Xpress Enterprises (Nasdaq: XPRSA) 34% HIGHER; Patrick E. Quinn and Max L. Fuller today announced that they have advised the Board of Directors of U.S. Xpress Enterprises that MLAC intends to commence a tender offer as soon as practicable, pursuant to which it will offer to purchase for cash any and all of the outstanding shares of Class A common stock of the Company not presently owned by Messrs. Quinn and Fuller and certain affiliated entities at a purchase price of $20.00 per share.

Doral Financial Corp. (NYSE: DRL) 28.75% LOWER; Said FBOP Corp. won\'t proceed with its $610 million bid for a stake in the company, and will instead support the ailing lender\'s deal with a group led by Bear Stearns Cos. (BSC).

Corcept Therapeutics Inc. (Nasdaq: CORT) 25% HIGHER; Stock is higher with no specific news releases. (NOTE - Stock trades at less than $3 per share)

The SCO Group (Nasdaq: SCOX) 22.8% HIGHER; Announced that the Madhya Pradesh Government of India has selected SCO Mobile Server as the platform for developing and deploying government services to more than 60 million citizens. India is deploying this e-governance solution to provide online public services and record keeping, including online bill payment, taxes, land records, income certificates, loans, driving licenses, birth and death certificates and various government entitlement programs.

Hoku Scientific, Inc. (Nasdaq: HOKU) 22% HIGHER; Stock seeing continued momentum after recent contract awards.

Omniture (Nasdaq: OMTR) 13% HIGHER; CNBC\'s Jim Cramer says the company could be a takeover target.

American Oriental Bioengineering Inc. (NYSE: AOB) 9.5% LOWER; Barron\'s article comments on American Oriental Bioengineering Inc. (NYSE: AOB), telling investors to \'Watch Out\', citing a secondary offering worth approximately a quarter of the company\'s market cap, plus a 2 million share sale by its chief executive. Barron\'s also highlights the company\\\'s history of muddled disclosures and misleading claims. Barron\'s says the company claimed to have patent technology from University of California, Berkeley, but later confirmed it doesn\'t use technology from the college.

Pier 1 Imports Inc. (NYSE: PIR) 6.5% HIGHER; UBS upgrades to Buy

Pike Electric Corp. (NYSE: PEC) 6.2% HIGHER; Stock moving higher with no specific news releases.

Meadowbrook Insurance Group Inc. (NYSE: MIG) 6.2% HIGHER; Friedman Billings upgrades MIG from Market Perform to Outperform.

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