Coming off of Thursday's all-time high on the NASDAQ, Friday had notable movers:
Winners
AirMedia Group Inc (ADR) AMCN soared nearly 44 percent as it received a “Go Private” proposal of $6/ADS. Shares were halted in the pre-market session and resumed trading nearly 34 percent above. AirMedia led a group alongside CEO Herman Man Guo to propose a letter to the company’s board offering to buy all shares outstanding for approximately $6 per share.
Shares of LiveDeal Inc LIVE spiked $0.32 to $2.87, representing a 12.47 percent gain. The mobile marketing-solutions company rose due to heavy volume trading after it announced that it expects record earnings growth and revenues in FY2015.
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Erickson Inc EAC shares rallied nearly 17 percent to $4.75. The catalyst was that Imperial Capital upgraded Erickson from In-Line to Market Outperform and has heightened its price target from $4 to $7, saying that liquidity pressures appear to be easing and the new management is presenting a clear strategy for a turnaround. The stock continues higher over the $4 level, appearing to have shown a resistance at the $5 level.
Shares of Erin Energy Corp ERN were lifted $0.42 to $4.62, a 10 percent spike. The spike was due to Kase Lukman, CEO of Erin, adding 18,000 shares of the energy company. The transaction totaled to $74,160, representing 4.7 percent of the total shares he directly owns of the company.
ConAgra Foods Inc CAG elevated $3.47 to $42.59 (8.9 percent increase) on news that Jana Partners owns a 7.2 percent stake in the company. Jana added that it may nominate board members and wage a proxy fight.
Related Link: Top Performing Industries For June 19, 2015
Losers
Shares of Uranium Energy Corp. UEC dwindled down $0.80 to $1.61, a 33 percent drop. According to the PR Newswire, Bronstein, Gewirtz & Grossman, LLC reported it is investigating claims “on behalf of purchasers of the securities of UEC.” According to an article by The Street Sweeper, the selling of almost 50 percent of UEC’s inventory only yielded tp $152,000 worth of inventory.
Healthways, Inc. HWAY is declining nearly 22 percent to $12.16. Healthway lowered revenue guidance to $770–$785 million, down from $800–$825 million for 2015.
Related Link: Stocks Hitting 52-Week Highs
Shares of NN, Inc. NNBR sunk down $3.95 to $25.91 after the company lowered its 2015 guidance from $670–$690 million, down to $660–$670 million.
Zoe’s Kitchen Inc ZOES shares tanked nearly 7 percent to $39.30 after the company reported a resignation of CFO Jason Morgan.
IntelliPharmaCeutics Intl Inc (USA) IPCI shares are down nearly 10 percent to $3.10 after it updated the status of tentative approval of generic Focalin XR.
Shares of Finisar Corporation FNSR dwindled down almost 11 percent to $19.75 after reporting in-line earning for its fourth quarter on Thursday. After this report, Raymond James downgraded the company from a Strong Buy rating down to Outperform.
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