Top Percentage Gainers and Losers as of 12pm 06/07/11

Best

1) Temple-Inland (NYSE: TIN): Trading up 39.8% from yesterday's close to $29.37. International Paper (NYSE: IP) put in a bid to acquire Temple-Inland for $30.60 per share. Temple's board rejected the deal, saying that the bid undervalued the company.

2) Westinghouse Solar (NASDAQ: WEST): Trading up 35.3% from yesterday's close to $2.56. Shares of Westinghouse set a new 52-week high of $2.75 earlier in the session. The stock has gained 119% in the past five trading sessions.

3) Exelixis (NASDAQ: EXEL): Trading up 14.5% from yesterday's close to $9.96. Exelixis reported that one percent of patients had died of drug-related causes in a clinical trial for the company's cancer therapy drug. The stock dropped 20.2% in yesterday's session.

4) ARIAD Pharmaceuticals (NASDAQ: ARIA): Trading up 8.5% from yesterday's close to $8.58. Shares broke above their 50-day moving average (one year chart) in today's action.

5) Modine Manufacturing Company (NYSE: MOD): Trading up 8.5% from yesterday's close to $15.24. Modine reported Q4 EPS of $0.26 versus a loss of $0.24 for the same period last year. Revenue came in at $397 million versus estimates of $379.3 million.

Other Notable Gainers

Pharmacyclics (NASDAQ: PCYC): Trading up 7.5% from yesterday's close to $7.60.

Graphic Packaging (NYSE: GPK): Trading up 7.3% from yesterday's close to $5.15.

Qihoo 360 Technology (NYSE: QIHU): Trading up 7% from yesterday's close to $21.68.

Worst

1) Talbots (NYSE: TLB): Trading down 37.1% from yesterday's close to $2.79. Talbots reported Q1 earnings of $0.01 per share versus estimates of $0.03 per share. The company announced that it expects its gross margins and second-quarter sales to be “significantly below” last year's results.

2) Pep Boys (NYSE: PBY): Trading down 19.6% from yesterday's close to $10.84. Pep Boys reported Q1 earnings of $0.23 per share versus estimates of $0.30 per share. Revenue came in at $513.5 million versus $510 million for the same period last year.

3) China Medical Technologies (NASDAQ: CMED): Trading down 12.2% from yesterday's close to $8.07. The stock has dropped 20% since reporting earnings on June 2nd.

4) G-III Apparel Group (NASDAQ: GIII): Trading down 11.5% from yesterday's close to $34.06. G-III reported a Q1 loss of $0.03 per share versus estimates of a $0.04 per share profit.

5) OXiGENE (NASDAQ: OXGN): Trading down 11.1% from yesterday's close to $4.08. The stock had gained 87% in the prior two trading sessions.

Other Notable Losers

ChinaCache International (NASDAQ: CCIH): Trading down 10.3% from yesterday's close to $8.85.

51job (NASDAQ: JOBS): Trading down 11% from yesterday's close to $48.80.

Sunesis Pharmaceuticals (NASDAQ: SNSS): Trading down 8.9% from yesterday's close to $2.25.