After Hours Summary:

Monday, March 17, 2008



TMA +11.1% (files a mixed-securities shelf offering in an S-3ASR); FCSX +8.1% (statement on market conditions; co has no direct exposure to the sub-prime mortgage-backed securities or auction rate securities)
Companies moving in after hours trading in reaction to earnings: Trading Up: PERY +7.6%; OMNI +6.1%; TMTA +5.1%; HYTM +3.9%; COOL +2.0%; NSTK +1.6%; CLNE +0.9%... Trading Down: RAME -5.6%; CKEC -4.9%; SHFL -4.3%... Companies moving in after hours trading in reaction to news: Trading Up: ZANE +30.0% (announces agreement for $8.9 million sale of government solutions subsidiary); TMA +11.1% (files a mixed-securities shelf offering in an S-3ASR); FCSX +8.1% (statement on market conditions; co has no direct exposure to the sub-prime mortgage-backed securities or auction rate securities); NMSS +4.0% (LiveWire Mobile acquires Groove Mobile; co anticipates acquisition to be accretive); NPSP +3.9% (reports successful GATTEX extension study); PANL +2.9% (and LG Chem announce collaboration to accelerate development of OLED materials); BTRX +2.5% (announces Chief Financial Officer Succession); KEX +2.3% (raises Q1 EPS guidance above consensus); BBOX +1.8% (acquires AT&T's southeast region NEC CPE base, terms not disclosed); ULTR +1.8% (announces share repurchase program for up to a total of $50 mln of the co's common stock); KND +1.7% (announces Frank Battafarano has been named COO); CNET +1.7% (to appeal Delaware Chancery court decision); AIRM +1.4% (Air Methods (AIRM) will replace Possis Medical (POSS) in the S&P SmallCap 600); UAM +1.1% (writes down 2007 earnings related to its sub-prime mortgage holdings)... Trading Down: NUVO -47.1% (announces Phase 2 SONOMA-3 trial did not meet target product profile and discontinues alfimeprase development); DVAX -42.5% (and Merck report clinical hold of investigational vaccine HEPLISAV); OUTD -4.1% (announces $10 mln stock repurchase program); NXG -2.0% (Tentative labour agreement reached at Northgate's Kemess mine); ORGN -1.1% (announces sale of unsecuritized loans; going concern raised on financial audit).

0 comments: