12 Biggest Mid-Day Gainers For Friday

by Lisa Levin, Benzinga Editor
January 13, 2017 12:16 PM | 2 min read |
  • Naked Brand Group Inc NAKD shares jumped 207.7 percent to $3.20 after the company announced plans to to merge with Bendon Limited.
  • Sanchez Energy Corp SN shares surged 22.4 percent to $10.64. Anadarko Petroleum Corporation APC announced the sale of Eagleford Shale assets to Sanchez Energy and Blackstone Energy Partners for $2.3 billion.
  • Telenav Inc TNAV shares gained 18.6 percent to $8.30 after the company reported the settlement of patent lawsuit. The company projects Q2 revenue of $51 million to $52 million and loss of $0.30 per share to $0.28 per share.
  • Determine Inc DTRM rose 17.7 percent to $2.30. Determine shares have gained 4.84 percent over the past 52 weeks, while the S&P 500 index has climbed 20.11 percent in the same period.
  • OptimumBank Holdings, Inc. OPHC jumped 16.3 percent to $4.24. OptimumBank shares have dropped 31.42 percent over the past 52 weeks, while the S&P 500 index has climbed 20.11 percent in the same period.
  • Transgenomic Inc TBIO shares surged 14.8 percent to $1.29. Transgenomic announced on Thursday it reached a licensing agreement with a leading Canadian laboratory services provider LifeLabs.
  • Advanced Drainage Systems Inc WMS gained 8.8 percent to $25.35. Baird upgraded Advanced Drainage from Neutral to Outperform. On Thursday, Advanced Drainage Systems posted Q2 earnings of $0.38 per share on revenue of $360.78 million.
  • Pandora Media Inc P shares rose 5.8 percent to $12.70 after the company announced its plans to reduce US employee base by 7 percent by the end of the first quarter. The company also projects to exceed its earlier Q4 revenue forecast.
  • Aptevo Therapeutics Inc APVO gained 5.2 percent to $2.62 after the company disclosed that it has received a $20 million payment from Emergent Biosolutions.
  • Sangamo Therapeutics Inc SGMO rose 4.8 percent to $4.14 after gaining 8.22 percent on Thursday.
  • Silver Spring Networks Inc SSNI gained 4 percent to $13.15. JMP Securities initiated coverage on Silver Spring Networks with a Market Outperform rating.
  • Nivalis Therapeutics Inc NVLS rose 2.3 percent to $2.26 after the company reported a reduction in workforce of 25 employees, including CEO and Chief Medical Officer, as a part of restructuring.
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