Best
1) Tasty Baking Company TSTY: Stock is skyrocketing a remarkable 146.58% to $3.96 in today's action after Flowers Foods FLO revealed plans to buy the company for $4 per share in an all-cash arrangement.
2) Global Crossing GLBC: Surging 58.51% to $23.46 after Level 3 Communications LVLT announced that it will acquire the company in an all-stock purchase (16 shares of Level 3 common stock for each share of Global Crossing common or preferred). The stock had been up as much as 75% earlier in the early morning.
3) American Medical Systems AMMD: Currently trading higher by 31.97% to $29.47 after agreeing to be acquired by Endo Pharmaceuticals ENDP for $30 a share. The deal is worth 2.9 billion.
4) Capital Trust CT: Has been building upon gains throughout the day, currently up 16.2% to $3.73.
5) Electronics For Imaging EFII: Enjoying a 16.94% run to $17.53 after boosting first-quarter guidance. CEO Guy Gecht noted “robust demand” in all three of the company's business segments, mostly in its print servers as well as software products.
Other notable movers: Miller Petroleum MILL up 11.6% to $5.87 (spike began at 2 p.m. EST); Idenix Pharmaceuticals IDIX up 10% to $3.19 after an upgrade from Neutral to Buy at Bank of America BAC; Affymetrix AFFX up 9.23% to $5.80.
Worst
1) Community Health Systems CYH: Shares are nose-diving 35.11% to $26.16 after being accused of violations of Federal Securities Laws in a lawsuit filed by Tenet Healthcare THC. The stock had traded all the way down to $22.33 earlier in the session.
2) QuickLogic QUIK: Stock is currently losing 17.25% to $4.03 after cutting its first-quarter revenue forecast.
3) Star Scientific CIGX: Sliding 14.89% to $3.43. The stock had put in a 52-week high last Monday, but has lost 33.5% since then.
4) Tenet Healthcare THC: Equity continues to slide, taking a 13.44% hit to $6.54 after filing a lawsuit against Community Health Systems CYH alleging improper admission of patients in order to garner revenue.
5) Blue Dolphin Energy BDCO: The stock started in neutral territory but has fallen 12.32% to $7.19 since 11:30 a.m. EST.
Other notable movers: Sino Clean Energy SCEI down 10.88% to $3.93; Westport Innovations WPRT down 10.40% to $23.96; The Governor and Company of the Bank of Ireland IRE down 10.61% to $2.06; 3D Systems TDSC down 10.12% to $5.72; Gulf Resources GFRE down 9.72% to $5.11.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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