Unusual 11 Mid-Day Movers 07/18: (OCRX) (ZHNE) (TTHI) Higher; (SRC) (JAKK) (GILT) Lower

Ocera Therapeutics, Inc. (Nasdaq: OCRX) 70.8% HIGHER; Disclosed a slew of insider transactions made recently. For more color, click here.

Spirit Realty Capital, Inc. (NYSE: SRC), 47.7% LOWER; Spirit Realty and Cole Credit Property Trust II, Inc. (CCPT II) announced that the merger of the two companies was completed Thursday. he combined company is one of the largest publicly traded net-lease real estate investment trusts (REITs) in the United States, owning approximately 1,900 properties in 48 states. As a result of the merger, the company also has significantly enhanced scale and scope, a more diversified portfolio of high-quality real estate assets and enhanced access to capital.

Jakks Pacific, Inc. (Nasdaq: JAKK) 36.7% LOWER; reported Q2 EPS of ($2.14), $2.19 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $106.2 million versus the consensus estimate of $147.74 million. Click here for more color.

Zhone Technologies, Inc. (Nasdaq: ZHNE) 34.8% HIGHER; reported Q2 EPS of $0.03, versus ($0.07) reported last year. Revenue for the quarter came in at $30 million, versus $30.8 million reported last year. Transition Therapeutics Inc. (Nasdaq: TTHI) 32.2% HIGHER; announced that the US Food and Drug Administration (FDA) has granted Fast Track Designation to the development program for ELND005 which was submitted for the treatment of Neuropsychiatric Symptoms (NPS) in Alzheimer's disease (AD). The FDA concluded that the development program for ELND005 for the treatment of NPS in AD meets their criteria for Fast Track Designation.

Overstock.com, Inc. (Nasdaq: OSTK) 20.4% HIGHER; reported Q2 EPS of $0.15, $0.07 better than the analyst estimate of $0.08. Revenue for the quarter came in at $293.2 million versus the consensus estimate of $277.22 million.

Shanda Games Limited (Nasdaq: GAME) 18.3% HIGHER; announced that the iOS version of Million Arthur, a mobile game published by Shanda Games' subsidiary Actoz Soft, has become the 3rd Top Grossing App across all categories on Apple's App Store in China following its official open beta test launch on July 18, 2013.

Supervalu, Inc. (NYSE: SVU) 17.2% HIGHER; reported Q1 EPS of $0.14, $0.10 better than the analyst estimate of $0.04. Revenue for the quarter came in at $5.16 billion versus the consensus estimate of $5.17 billion.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) 12.8% LOWER; announced that it has revised its management objective targets for 2013. Revenue for 2013 is now expected to be between $335 million to $345 million as compared to the previously stated range of $350 million to $360 million and EBITDA is expected to be approximately 7% as compared to 9%. The Street sees FY13 revs of $354.9 million.

Ultratech (Nasdaq: UTEK) 11.7% LOWER; reported Q2 EPS of $0.03 and revs of $42.9 million, with the Street at EPS of $0.04 and revs of $44.6 million.

Alexco Resource (NYSE: AXU) 9.8% LOWER; downgraded by Canaccord Genuity from Hold to Sell today. For more color, click here.

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