Top Percentage Gainers and Losers as of 12pm 06/13/11

Best 1) Timberland TBL: Shares of Timberland are trading up 42.5% from Friday's close to $42.71. The company is being bought by VF Corp VFC for $43.00 per share. The deal is valued at around $2 billion. 2) Harvest Natural Resources HNR: Shares of Harvest Natural are trading up 18% from Friday's close to $12.40. The company announced that it has found oil at one of its West African offshore oil wells. Shares have broken above their 50- and 200-day moving averages (one year daily chart) in today's session. 3) Graham Packaging GRM: Shares of Graham Packaging are trading up 18% from Friday's close to $25.89. The company received an unsolicited third party acquisition proposal for $25 per share in cash. Graham already had a pending buyout offer from Silgan Holdings SLGN for $19.56 per share in cash. 4) A123 Systems AONE: Shares of A123 Systems are trading up 15.3% from Friday's close to $5.20. The company was raised from Equalweight to Overweight at Morgan Stanley MS. Analysts said, “Near-term catalyst and revenue visibility offer favorable risk-reward.” 5) Ness Technologies NSTC: Shares of Ness Technologies are trading up 14% from Friday's close to $7.61. An investigation on behalf of investors has been launched regarding potential breaches of fiduciary duty and other violations in relation to the proposed acquisition of the company by an affiliate of Citi Venture Capital International. The proposed offer is for $7.75 per share, but the book value of Ness is $9.34 per share. The company was downgraded from Positive to Neutral at Susquehanna. Ness was also cut from Buy to Hold by BGB Securities. Other Notable Gainers BioCryst Pharmaceuticals BCRX: Shares of BioCryst are trading up 13.9% from Friday's close to $4.04. An article regarding the company was published on Sunday by Seeking Alpha. Prana Biotechnology PRAN: Shares of Prana are trading up 13.5% from Friday's close to $2.19. The stock started out the day in neutral territory, but heavy buying volume began pushing the stock up at 11:15am. Transatlantic Holdings TRH: Shares of Transatlantic are trading up 11% from Friday's close to $48.86. Transatlantic agreed to merge with Allied World Assurance Company Holdings AWH. Transatlantic shareholders will receive 0.85 ($51.10) shares of Allied Common for every one share held. The deal is valued at 62.4 million. Transatlantic was cut from Buy to Hold by S&P Equity Research. Worst 1) Alliance One International AOI: Shares of Alliance are trading down 13.4% from Friday's cloe to $3.05. On Friday, the company reported a loss of $0.81 per share versus earnings of $0.89 per share for the same period last year. Shares hit a 52-week low of $2.99 in today's session. 2) E-Commerce China Dangdang DANG: Shares of E-Commerce China Dangdang are trading down 12.6% from Friday's close to $11.61. A negative article at Forbes regarding Chinese companies was published today. The stock hit a 52-week low of $11.51 in today's session. 3) China New Borun BORN: Shares of China New Borun are trading down 12.5% from Friday's close to $3.91. Shares started out the day in positive territory, but began coming under heavy selling pressure at 9:35am. Shares hit a 52-week low of $3.84 in today's session. 4) Yuhe International YUII: Shares of Yuhe are trading down 12.5% from Friday's close to $3.70. Shares started out the day in positive territory, but began coming under heavy selling pressure at 9:33am. Shares hit a 52-week low of $3.51 in today's session. 5) Petroleum Development PETD: Shares of Petroleum Development are trading down 9% from Friday's close to $29.81. The company named James M. Trimble as President and CEO over the weekend. Other Notable Losers Zion Oil & Gas ZN: Shares of Zion are trading down 9% from Friday's close to $6.32. Renren RENN: Shares of Renren are trading down 9% from Friday's close to $8.47. Sky-mobi MOBI: Shares of Sky-mobi are trading down 9% from Friday's close to $6.15.