Largest Net $ Movers of Note 12/08/06
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UPWARD MOVERS:
Google Inc. (Nasdaq: GOOG) +$4.17; Stock moving higher as U.S. markets turn positive.
Medicines Co. (Nasdaq: MDCO) +$4.13; Stock moving after yesterday's announcement from FDA panel regarding stents. MDCO develops and markets a blood thinner, which FDA recommends taking after having stents implanted. Also, stock may be up on positive patent rumors.
Investment Technology Group (NYSE: ITG) +$2.48; Announced that November 2006 U.S. trading volume was 3.7 billion shares and average daily volume (ADV) was 175 million shares. This compares to 2.5 billion shares and ADV of 119 million shares in November 2005 and 3.3 billion shares and ADV of 150 million shares in October 2006.
Cascade Corporation (NYSE: CAE) +$2.35; Reports Q3 EPS of $0.94, 6 cents better than estimates.(0.88) Revenues were $122.8 million vs. $118.82 million consensus.
Barclays Bank (NYSE: BCS) +$1.97; Merrill Lynch analyst says Bank of America (NYSE: BAC) may be very interested in acquiring Barclays Bank.
DOWNWARD MOVERS:
Capital Southwest Corp. (Nasdaq: CSWC) -$14.12; Stock giving back yesterday's gains. The company owns a large stake in today's Heely (Nasdaq: HLYS) IPO.
Central Garden & Pet (Nasdaq: CENT) -$5.64; Reports Q3 EPS of $0.49, ex-items, in-line with estimates. Revenues came in at $421 million versus the consensus of $383.3 million. Sees FY07 EPS of $3.00-$3.10 versus the consensus of $3.38. Sees FY07 sales of $1.76-$1.78 billion versus the consensus of $1.74 billion. Commenting guidance CEO Glenn Novotny said, "We project fiscal 2007 to be another solid year in terms of sales growth. We are, however, experiencing significantly higher-than-expected grain costs associated primarily with our wild bird feed operations."
Steven Madden (Nasdaq: SHOO) -$4.84; First Albany downgrades Steven Madden from Buy to Underperform.
Xilinx, Inc. (Nasdaq: XLNX) -$1.47; Expects December quarter sales to be down 2% to 5% sequentially due to weaker than anticipated turns business in the month of November, particularly from communications customers. This is a revision from previous sales guidance of up 2% to 5% sequentially.
Chesapeake Energy (NYSE: CHK) -$1.25; Company sells 30 million shares, for net proceeds of $1 billion.
Google Inc. (Nasdaq: GOOG) +$4.17; Stock moving higher as U.S. markets turn positive.
Medicines Co. (Nasdaq: MDCO) +$4.13; Stock moving after yesterday's announcement from FDA panel regarding stents. MDCO develops and markets a blood thinner, which FDA recommends taking after having stents implanted. Also, stock may be up on positive patent rumors.
Investment Technology Group (NYSE: ITG) +$2.48; Announced that November 2006 U.S. trading volume was 3.7 billion shares and average daily volume (ADV) was 175 million shares. This compares to 2.5 billion shares and ADV of 119 million shares in November 2005 and 3.3 billion shares and ADV of 150 million shares in October 2006.
Cascade Corporation (NYSE: CAE) +$2.35; Reports Q3 EPS of $0.94, 6 cents better than estimates.(0.88) Revenues were $122.8 million vs. $118.82 million consensus.
Barclays Bank (NYSE: BCS) +$1.97; Merrill Lynch analyst says Bank of America (NYSE: BAC) may be very interested in acquiring Barclays Bank.
DOWNWARD MOVERS:
Capital Southwest Corp. (Nasdaq: CSWC) -$14.12; Stock giving back yesterday's gains. The company owns a large stake in today's Heely (Nasdaq: HLYS) IPO.
Central Garden & Pet (Nasdaq: CENT) -$5.64; Reports Q3 EPS of $0.49, ex-items, in-line with estimates. Revenues came in at $421 million versus the consensus of $383.3 million. Sees FY07 EPS of $3.00-$3.10 versus the consensus of $3.38. Sees FY07 sales of $1.76-$1.78 billion versus the consensus of $1.74 billion. Commenting guidance CEO Glenn Novotny said, "We project fiscal 2007 to be another solid year in terms of sales growth. We are, however, experiencing significantly higher-than-expected grain costs associated primarily with our wild bird feed operations."
Steven Madden (Nasdaq: SHOO) -$4.84; First Albany downgrades Steven Madden from Buy to Underperform.
Xilinx, Inc. (Nasdaq: XLNX) -$1.47; Expects December quarter sales to be down 2% to 5% sequentially due to weaker than anticipated turns business in the month of November, particularly from communications customers. This is a revision from previous sales guidance of up 2% to 5% sequentially.
Chesapeake Energy (NYSE: CHK) -$1.25; Company sells 30 million shares, for net proceeds of $1 billion.
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