StreetInsider.com Unusual 11 Mid-Day Movers 09/24
StreetInsider.com Unusual 11 Mid-Day Movers:
Sonus Pharmaceuticals, Inc. (NASDAQ: SNUS) 83% LOWER; announced that its Phase 3 pivotal trial of TOCOSOL Paclitaxel in women with metastatic breast cancer did not meet its primary endpoint of non-inferiority on objective response rate when compared to the Taxol control arm.
China Precision Steel, Inc. (Nasdaq: CPSL) 50% HIGHER; is continuing last week's momentum, adding another 40% in early action. The stock rose 22.8% on Friday and 24.6% on Thursday. The stock started last week at $3.40 per share - the stock is now at $7.95.
PrimeWest Energy Trust (NYSE: PWI) 32% HIGHER; Entered into an agreement with 1350849 Alberta Ltd. and TAQA North Ltd, which are wholly-owned subsidiaries of Abu Dhabi National Energy, to be acquired for a cash consideration of C$26.75 per Unit (US $26.75 per Unit)
C-COR Incorporated (Nasdaq: CCBL) 25% HIGHER; ARRIS Group and C-COR Incorporated entered into a definitive agreement whereby ARRIS will acquire C-COR for a purchase price of approximately $730 million in a mix of cash and ARRIS stock.
Protalix BioTherapeutics, Inc. (AMEX: PLX) 18% LOWER; Files 5.7 million share shelf registration with the SEC.
Spire Corporation (NASDAQ: SPIR) 16% HIGHER; received a contract from Martifer Solar S.A., a division of Martifer Group, located in Oliveira de Frades, Portugal, to provide a fully automated turnkey 50 megawatt module manufacturing line.
ARRIS Group Inc. (Nasdaq: ARRS) 15% LOWER; Entered into a definitive agreement whereby ARRIS will acquire C-COR for a purchase price of approximately $730 million in a mix of cash and ARRIS stock
PetroChina Co. Ltd. (NYSE: PTR) 8.3% HIGHER; Reports the company won regulatory approval in China to list shares on the Shanghai stock exchange. The company plans to sell up to 4 billion yuan-denominated Class-A shares.
ADTRAN, Inc. (NASDAQ: ADTN) 13% LOWER; Said revenues and fully diluted earnings per share for the third quarter ending September 30, 2007 are anticipated to be flat compared to the second quarter 2007
AMR Corporation (NYSE: AMR) 12.3% LOWER; JP Morgan and Goldman Sachs cut earnings outlook. The company said Q3 mainline passenger unit revenue is expected to increase between 4.0% and 5.0% year over year. Third quarter consolidated passenger unit revenue is expected to increase between 3.7% and 4.7% year over year.
Standard Pacific Corp. (NYSE: SPF) 11.7% LOWER; Announces Proposed Offering of $100 Million of Convertible Senior Subordinated Notes Due 2012, Proposed Entry Into Share Lending Agreement and Convertible Note Hedge Transactions and Approval of Elimination of Dividend
Sonus Pharmaceuticals, Inc. (NASDAQ: SNUS) 83% LOWER; announced that its Phase 3 pivotal trial of TOCOSOL Paclitaxel in women with metastatic breast cancer did not meet its primary endpoint of non-inferiority on objective response rate when compared to the Taxol control arm.
China Precision Steel, Inc. (Nasdaq: CPSL) 50% HIGHER; is continuing last week's momentum, adding another 40% in early action. The stock rose 22.8% on Friday and 24.6% on Thursday. The stock started last week at $3.40 per share - the stock is now at $7.95.
PrimeWest Energy Trust (NYSE: PWI) 32% HIGHER; Entered into an agreement with 1350849 Alberta Ltd. and TAQA North Ltd, which are wholly-owned subsidiaries of Abu Dhabi National Energy, to be acquired for a cash consideration of C$26.75 per Unit (US $26.75 per Unit)
C-COR Incorporated (Nasdaq: CCBL) 25% HIGHER; ARRIS Group and C-COR Incorporated entered into a definitive agreement whereby ARRIS will acquire C-COR for a purchase price of approximately $730 million in a mix of cash and ARRIS stock.
Protalix BioTherapeutics, Inc. (AMEX: PLX) 18% LOWER; Files 5.7 million share shelf registration with the SEC.
Spire Corporation (NASDAQ: SPIR) 16% HIGHER; received a contract from Martifer Solar S.A., a division of Martifer Group, located in Oliveira de Frades, Portugal, to provide a fully automated turnkey 50 megawatt module manufacturing line.
ARRIS Group Inc. (Nasdaq: ARRS) 15% LOWER; Entered into a definitive agreement whereby ARRIS will acquire C-COR for a purchase price of approximately $730 million in a mix of cash and ARRIS stock
PetroChina Co. Ltd. (NYSE: PTR) 8.3% HIGHER; Reports the company won regulatory approval in China to list shares on the Shanghai stock exchange. The company plans to sell up to 4 billion yuan-denominated Class-A shares.
ADTRAN, Inc. (NASDAQ: ADTN) 13% LOWER; Said revenues and fully diluted earnings per share for the third quarter ending September 30, 2007 are anticipated to be flat compared to the second quarter 2007
AMR Corporation (NYSE: AMR) 12.3% LOWER; JP Morgan and Goldman Sachs cut earnings outlook. The company said Q3 mainline passenger unit revenue is expected to increase between 4.0% and 5.0% year over year. Third quarter consolidated passenger unit revenue is expected to increase between 3.7% and 4.7% year over year.
Standard Pacific Corp. (NYSE: SPF) 11.7% LOWER; Announces Proposed Offering of $100 Million of Convertible Senior Subordinated Notes Due 2012, Proposed Entry Into Share Lending Agreement and Convertible Note Hedge Transactions and Approval of Elimination of Dividend
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