Top Percentage Gainers and Losers as of 2pm 06/13/11

Best 1) Timberland TBL: Shares of Timberland are trading up 42.8% from Friday's close to $42.783. The company is being bought by V.F. Corporation VFC for $43.00 per share. The deal is valued at around $2 billion. 2) Graham Packaging GRM: Shares of Graham Packaging are trading up 18.1% from Friday's close to $25.93. The company received an unsolicited third party acquisition proposal for $25 per share in cash. Graham already has a pending buyout offer from Silgan Holdings SLGN for $19.56 per share in cash. 3) Harvest Natural Resources HNR: Shares of Harvest Natural are trading up 16.5% from Friday's close to $12.23. 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. 4) Ness Technologies NSTC: Shares of Ness Technologies are trading up 14% from Friday's close to $7.62. 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. 5) BioCryst Pharmaceuticals BCRX: Shares of BioCryst are trading up 13.5% from Friday's close to $4.03. A positive article regarding the company was published on Sunday by Seeking Alpha. Other Notable Gainers Insmed INSM: Shares of Insmed are currently trading up 11.3% from Friday's close to $13.04. The stock hit a 52-week hit of $13.22 in today's session. Majesco Entertainment COOL: Shares of Majesco Entertainment are currently trading up 9.3% from Friday's close to $4.37. The stock hit a 52-week high of $4.53 in today's session. The year-to-date performance of Majesco Entertainment has been a gain of 472%. V.F. Corporation VFC: Shares of V.F. Corporation are trading up 10.6% from Friday's close to $101.52. V.F. Corporation put in an offer to acquire Timberland for $43 per share. A123 Systems AONE: Shares of A123 Systems are trading up 10.6% from Friday's close to $4.99. The company was raised from Equalweight to Overweight at Morgan Stanley MS. Analysts said, “Near-term catalyst and revenue visibility offer favorable risk-reward.” Transatlantic Holdings TRH: Shares of Transatlantic are trading up 10.2% from Friday's close to $48.51. 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. The stock had traded as high as $50.90 before being sold off to current levels. Worst 1) Yuhe International YUII: Shares of Yuhe are trading down 15.1% from Friday's close to $3.59. 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. 2) China New Borun BORN: Shares of China New Borun are trading down 13.9% from Friday's close to $3.85. 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. 3) 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. 4) E-Commerce China Dangdang DANG: Shares of E-Commerce China Dangdang are trading down 13.5% from Friday's close to $11.51. A negative article at Forbes regarding Chinese companies was published today. The stock hit a 52-week low of $11.23 in today's session. 5) NetQin Mobile NQ: Shares of NetQin Mobile are currently trading down 13.3% from Friday's close to $11.53. The stock hit an all time low of $4.07 in today's session. Other Notable Losers Petroleum Development PETD: Shares of Petroleum Development are trading down 11.7% from Friday's close to $28.96. The company named James M. Trimble as President and CEO over the weekend. The stock's 50-day simple moving average is close to crossing below its 200-day simple moving average (one year daily chart), which is a bearish technical indicator known as a “Death Cross.” Youku.com YOKU: Shares of Youku.com are currently trading down 10.7% from Friday's close to $27.97. The stock has lost 39% over the past seven trading sessions. Vaalco Energy EGY: Shares of Vaalco Energy are currently trading down 10% from Friday's close to $5.83. Shares are nearing their 52-week low of $5.07, which was set on August 25th.