Top Percentage Gainers and Losers as of 12pm 09/07/11

Best 1) MELA Sciences MELA: Shares of MELA are currently trading up 58.4% from yesterday's close to $3.54. The company's diagnostic device, MelaFind, used to detect skin cancer won European Union approval. The stock has broken above its 200-day simple moving average (one year daily chart) in today's session. 2) Conn's CONN: Shares of Conn's are currently trading up 29.6% from yesterday's close to $7.05. The company reported Q2 earning s of $0.17 per share versus estimates of $0.11 per share. Sales came in at $184.4 million versus the forecast of $184.83 million. As far as guidance, Conn's is earnings between $0.64 and $0.75 per share, above estimates of $0.54 per share. 3) Walter Energy WLT: Shares of Walter Energy are currently trading up 28% from yesterday's close to $95.85. There are rumors that Anglo American PLC is preparing a bid for Walter of $120 per share, and has lined up financing which will support a bid of up to $150 per share. The stock has seen a huge jump in options activity in today's session. 4) MGIC Investment MTG: Shares of MGIC are currently trading up 23.6% from yesterday's close to $2.83. The company reported that it has written $1.3 billion worth of new insurance in August. MGIC also reported that it has seen a drop in delinquent loans – from 185,093 to 183,338. The stock recently hit a 52-week low of $1.59 on August 23rd. 5) Petroleum Development PETD: Shares of Petroleum Development are currently trading up 22.2% from yesterday's close to $26.57. The company announced plans to acquire land in southeastern Ohio, targeting wet gas and oil phases of Utica Shale. The stock hit a 52-week low of $20.86 in yesterday's session. Other Notable Gainers SuperMedia SPMD: Shares of SuperMedia are currently trading up 20.2% from yesterday's close to $2.64. Deer Consumer Products DEER: Shares of Deer are currently trading up 16.1% from yesterday's close to $4.68. Westport Innovations WPRT: Shares of Westport are currently trading up 15.3% from yesterday's close to $26.31. Worst 1) VASCO Data Security International VDSI: Shares of VASCO are currently trading down 10.6% from yesterday's close to $5.98. The company was downgraded from Buy to Hold at Wunderlich Securities. The price target was moved from $15.50 to $7. 2) Mecox Lane MCOX: Shares of Mecox are currently trading down 9.5% from yesterday's close to $2.13. The company reported a Q2 loss of $3.4 million versus net income of $4.1 million for the same period last year. Gross profit declined 20.1% year over year – from $26.9 million to $21.5 million. 3) VanceInfo Technologies VIT: Shares of VanceInfo are currently trading down 4.7% from yesterday's close to $11.45. The stock started off the session in positive territory, but has been sold of since the opening bell. 4) KongZhong KONG: Shares of KongZhong are currently trading down 4.6% from yesterday's close to $4.11. The company reported a 70% jump in Q2 earnings, more than doubling revenue and reducing development costs. 5) DRDGOLD DROOY: Shares of DRDGOLD are currently trading down 4.6% from yesterday's close to $5.36. Other Notable Losers Liquidity Services LQDT: Shares of Liquidity Services are currently trading down 4.2% from yesterday's close to $30.39. Zion Oil & GAS ZN: Shares of Zion are currently trading down 3.8% from yesterday's close to $2.31.