Best
1) Orthovita VITA: Trading up 40.1% from Friday's close to $3.82. Orthovita is set to be acquired by Stryker SYK for $3.85 per share in cash. The deal is valued at $316 million.
2) CNinsure CISG: Trading up 30.3% from Friday's close to $17.15. CNinsure received an offer to purchase the company for $19 per share. The buying group includes Kingsford Resources, TPG Asia V M U, and Chairman Yinan Hu.
3) Top Image Systems TISA: Trading up 29.3% from Friday's close to $2.65. Top Image announced the launch of its mobile banking solutions service, which allows financial institutions to meet customer demand for mobile banking options. The new service includes a variety of applications allowing for check deposits, bill payments, and invoice payments.
4) EnerNOC ENOC: Trading up 25% from Friday's close to $21.32. EnerNOC announced that its 2014 PJM response revenue will grow to over $214 million in 2014. The price target was raised to $46 by Brian Chin at Citi.
5) Telestone Technologies TSTC: Trading up 20.6% from Friday's close to $8.40. Telestone reported Q1 revenue of $14.5 million versus $11.1 million for the same period last year – a 30% increase. Basic earnings per share came in at $0.13 versus a loss of $0.11 for the same quarter last year.
Other Notable Gainers
SuperMedia SPMD: Trading up 13% from Friday's close to $4.34. Shares hit a 52-week low of $3.31 on Friday.
Kandi Technologies KNDI: Trading up 10.5% from Friday's close to $2.19. Kandi reported Q1 net income of $0.20 per share versus a loss of $0.01 per share for the same period last year.
ARCA biopharma ABIO: Trading up 15.5% from Friday's close to $2.90. Shares have gained 55% in the last three trading sessions.
Worst
1) KongZhong KONG: Trading down 23% from Friday's close to $5.95. KongZhong shares have already traded over six times their average daily volume. Heavy selling pressure began at 10:38 EST. Seeking Alpha published a report noting significant volume in June put options.
2) OXiGENE OXGN: Trading down 17.2% from Friday's close to $4.33. A negative report on OXiGENE was published by Seeking Alpha this morning. Shares have broken below their 200-day simple moving average (one year chart).
3) Vermillion VRML: Trading down 14.3% from Friday's close to $5.27. Shares hit a 52-week low of $3.33 on Thursday of last week.
4) PostRock Energy PSTR: Trading down 13.4% from Friday's close to $5.71. Shares have lost 32% since setting a 52-week high ($8.45) on April 28th.
5) FXCM FXCM: Trading down 13% from Friday's close to $10.38. FXCM reported earnings of $0.16 per share versus estimates of $0.20 per share. Revenue came in at $94.6 million versus estimates of $74 million.
Other Notable Losers
Atrinsic ATRN: Trading down 12.6% from Friday's close to $2.23. Atrinsic reported Q1 revenue of $7.1 million versus $12.2 million for the same period last year – a 42% decrease.
Synthesis Energy Systems SYMX: Trading down 11.6% from Friday's close to $2.43. Shares have lost 46% since setting a 52-week high of $4.50 on April 19th.
Global Ship Lease GSL: Trading down 11.7% from Friday's close to $6.12. Global Ship Lease reported Q1 revenue of $39.1 million versus $39.2 million for the same period last year.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Long IdeasNewsShort IdeasSmall Cap AnalysisTechnicalsIntraday UpdateMoversTrading IdeasApplication SoftwareBiotechnologyBrian ChinCitiCommunications EquipmentConsumer DiscretionaryDiversified Commercial & Professional ServicesFinancialsHealth CareHealth Care EquipmentIndustrialsInformation TechnologyInsurance BrokersKingsford ResourcesMotorcycle ManufacturersSeeking AlphaSpecialized REIT'sTPG Asia V M UUtilitiesYinan Hu
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in