StreetInsider.com Unusual 11 Mid-Day Movers 12/27/06
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InfoSonics Corporation (NASDAQ: IFON) 67.4% HIGHER; Company will be distributing handsets for LG Electronics in the Caribbean and select countries in Latin America.
AEterna Zentaris Inc. (Nasdaq: AEZS) 30.3% LOWER; Reduction in stated capital and the special distribution in kind of the remaining 11,052,996 subordinate voting shares of the capital of Atrium Biotechnologies.
Targacept (Nasdaq: TRGT) 21.5% HIGHER; TRGT to Receive $20 Million Milestone Payment as AstraZeneca Plans to Continue Development of AZD3480 (TC-1734)
PFSweb (NASDAQ: PFSW) 18.7% HIGHER; Company has signed an agreement with Fathead, LLC. Under the agreement, PFSweb has leveraged its web commerce order management applications to provide a complete order processing and fulfillment solution for Fathead.
Vascular Solutions (Nasdaq: VASC) 18.6% HIGHER; Received approval from the FDA of its PMA Supplement for the added indication for the use of the D-Stat Flowable hemostat for the reduction in the incidence of clinically significant hematomas in the implantation of a pulse generator (pacemaker or ICD) in anticoagulated patients.
ZI Corp. (Nasdaq: ZICA) 16% LOWER; Stock seeing profit taking after 2 days of gains from news of deployment of Qix by T-Mobile on 25,000 Nokia N70 mobile phones.
China Netcom (NYSE: CN) 13.4% HIGHER; Company could benefit from possible changes to China's tax system.
Wolverine Tube (NYSE: WLV) 12.75% LOWER; Company has been notified by the New York Stock Exchange ("NYSE") that the NYSE intends to suspend trading in Wolverine's common stock prior to the opening on January 3, 2007, and that the NYSE will thereafter initiate procedures to delist the Company's common stock.
Cenveo (NYSE: CVO) 7.6% HIGHER; Company to acquire Cadmus (Nasdaq: CDMS) in an all-cash merger at a price of $24.75 per share. The total value of the transaction, including Cenveo's assumption of Cadmus' debt, is expected to be approximately $430 million at closing.
Guess? (NYSE: GES) 6% HIGHER; Piper Jaffray reiterates Outperform rating, raises earnings estimates and price target to $72.
Circuit City Stores (NYSE: CC) 2.6% LOWER; Retailer getting hit after holiday sales/margins come in slightly weaker than expected.
AEterna Zentaris Inc. (Nasdaq: AEZS) 30.3% LOWER; Reduction in stated capital and the special distribution in kind of the remaining 11,052,996 subordinate voting shares of the capital of Atrium Biotechnologies.
Targacept (Nasdaq: TRGT) 21.5% HIGHER; TRGT to Receive $20 Million Milestone Payment as AstraZeneca Plans to Continue Development of AZD3480 (TC-1734)
PFSweb (NASDAQ: PFSW) 18.7% HIGHER; Company has signed an agreement with Fathead, LLC. Under the agreement, PFSweb has leveraged its web commerce order management applications to provide a complete order processing and fulfillment solution for Fathead.
Vascular Solutions (Nasdaq: VASC) 18.6% HIGHER; Received approval from the FDA of its PMA Supplement for the added indication for the use of the D-Stat Flowable hemostat for the reduction in the incidence of clinically significant hematomas in the implantation of a pulse generator (pacemaker or ICD) in anticoagulated patients.
ZI Corp. (Nasdaq: ZICA) 16% LOWER; Stock seeing profit taking after 2 days of gains from news of deployment of Qix by T-Mobile on 25,000 Nokia N70 mobile phones.
China Netcom (NYSE: CN) 13.4% HIGHER; Company could benefit from possible changes to China's tax system.
Wolverine Tube (NYSE: WLV) 12.75% LOWER; Company has been notified by the New York Stock Exchange ("NYSE") that the NYSE intends to suspend trading in Wolverine's common stock prior to the opening on January 3, 2007, and that the NYSE will thereafter initiate procedures to delist the Company's common stock.
Cenveo (NYSE: CVO) 7.6% HIGHER; Company to acquire Cadmus (Nasdaq: CDMS) in an all-cash merger at a price of $24.75 per share. The total value of the transaction, including Cenveo's assumption of Cadmus' debt, is expected to be approximately $430 million at closing.
Guess? (NYSE: GES) 6% HIGHER; Piper Jaffray reiterates Outperform rating, raises earnings estimates and price target to $72.
Circuit City Stores (NYSE: CC) 2.6% LOWER; Retailer getting hit after holiday sales/margins come in slightly weaker than expected.
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