Top Percentage Gainers and Losers as of 2pm 06/07/11

Best

1) Temple-Inland (NYSE: TIN): Trading up 41.3% from yesterday's close to $29.67. International Paper 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 28% from yesterday's close to $2.42. Shares of Westinghouse set a new 52-week high of $2.75 earlier in the day. The stock has gained 114% in the past five trading sessions.

3) Exelixis (NASDAQ: EXEL): Trading up 12.7% from yesterday's close to $9.79. 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) Coffee Holding (NASDAQ: JVA): Trading up 12% from yesterday's close to $7.93. Shares of Coffee Holding set a 52-week high of $8.40 on May 31st.

5) Pharmacyclics (NASDAQ: PCYC): Trading up 10.5% from yesterday's close to $7.81. Shares have already traded nearly four times their average daily volume. Option volume is spiking as well – currently 753 percent above average.

Other Notable Gainers

ARIAD Pharmaceuticals (NASDAQ: ARIA): Trading up 9.6% from yesterday's close to $8.58. Shares broke above their 50-day moving average (one year chart) in today's action.

Lithia Motors (NYSE: LAD): Trading up 9.4% from yesterday's close to $18.11.

Inhibitex (NASDAQ: INHX): Trading up 9.5% from yesterday's close to $4.34.

Magma Design Automation (NASDAQ: LAVA): Trading up 9% from yesterday's close to $7.51. Shares set a 52-week high of $7.55 earlier in the session.

Modine Manufacturing Company (NYSE: MOD): Trading up 8.7% from yesterday's close to $15.26. 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.

Worst

1) Talbots (NYSE: TLB): Trading down 39.4% from yesterday's close to $2.67. 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) China Medical Technologies (NASDAQ: CMED): Trading down 17.8% from yesterday's close to $7.61. Shares started out the day in neutral territory, but began coming under heavy selling pressure starting at 10:26am. The stock has dropped 20% since reporting earnings on June 2nd.

3) Pep Boys (NYSE: PBY): Trading down 15.8% from yesterday's close to $11.36. 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. Shares have bounced back significantly since setting an intraday low of $10.80.

4) G-III Apparel Group (NASDAQ: GIII): Trading down 15.5% from yesterday's close to $32.52. G-III reported a Q1 loss of $0.03 per share versus estimates of a $0.04 per share profit.

5) Sunesis Pharmaceuticals (NASDAQ: SNSS): Trading down 13.4% from yesterday's close to $2.14. Shares of Sunesis have dropped 32% in the past three trading sessions.

Other Notable Losers

51job (NASDAQ: JOBS): Trading down 13.3% from yesterday's close to $47.55.

Nara Bancorp (NASDAQ: NARA): Trading down 11.8% from yesterday's close to $6.88.

OXiGENE (NASDAQ: OXGN): Trading down 10.9% from yesterday's close to $4.08. The stock had gained 87% in the prior two trading sessions.

Center Financial (NASDAQ: CLFC): Trading down 11.3% from yesterday's close to $5.36.