Unusual 11 Mid-Day Movers 06/27: (SGRP) (CERE) (GTAT) Higher; (PPHM) (NBG) (CVM) Lower
SPAR Group Inc. (Nasdaq: SGRP) 29.2% HIGHER; Chairmnan Robert Brown sold 6,38 shares on June 24th.
Ceres, Inc. (Nasdaq: CERE) 28.8% HIGHER; traders again position ahead of sweet sorghum yields catalyst.
Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM) 21.6% LOWER; provided an update on its bavituximab oncology program including financing activities focused on advancing its lead program into a pivotal Phase III trial and adapting its clinical development plan in accordance with the recent increased understanding of the immune-stimulatory properties of bavituximab. For more color, click here.
National Bank of Greece (NYSE: NBG) 21.5% LOWER; Greece will lift its ban on short-sales of bank stocks following recapitalization. The lift is expected at the end of July. For more color, click here.
GT Advanced Tech (Nasdaq: GTAT) 15.5% HIGHER; Canaccord Genuity raised its raising on GT Advanced from Hold to Buy while boosting its price target from $4 to $5.
MeetMe, Inc. (AMEX: MEET) 15.2% HIGHER; still a little volatility in the name after moving up 64 percent on Tuesday and down 16 percent yesterday. Traders are still trying to gauge recently announced guidance.
Christopher & Banks Corp. (NYSE: CBK) 13.5% HIGHER; CEO LuAnn Via disclosed the purchase of 10,000 shares on 06/26 at $5.91, bringing her stake to 20,000 shares. Via last bought shares in December 2012 at around $4.90-$4.95 per share, suggesting a nice short term and mid-term gain.
CEL-SCI Corporation (AMEX: CVM) 12.5% LOWER; The annual meeting of CEL-SCI’s shareholders was held on June 25, 2013. At the meeting, all nominees to the Board of Directors were elected. The company will implement a reverse spilt and an increase in authorized common to the tune of 800 million shares was approved.
Hanwha SolarOne Co., Ltd. (Nasdaq: HSOL) 12.2% HIGHER; announced that its wholly-owned subsidiary Hanwha SolarOne (Qidong) Co., Ltd., has secured a three-year US$100 million term loan facility (the "Loan") from the Export-Import Bank of Korea (KEXIM). The loan will mature on June 25, 2016 with payment of principal to be made at maturity. The interest rate floats with the three-month LIBOR, plus 1.99 % per annum. The loan proceeds will be used primarily for working capital purposes.
Diana Containerships (Nasdaq: DCIX) 8.8% LOWER; Wells Fargo downgraded the stock from Outperform to Market Perform, lowering its valuation range from $8 to $9 down to $5 to $6.
Select Income REIT (NYSE: SIR) 7.9% LOWER; is down 6.6 percent in pre-open trade after the company announced that it priced a public offering of 10,500,000 common shares at a price to the public of $28.25 per share.
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