Top Percentage Gainers and Losers as of 12pm 06/10/11
Best
1) Coffee Holding (NASDAQ: JVA): Trading up 26.4% from yesterday's close to $15.21. A positive article regarding Coffee Holding was published by TheStreet.com after the bell Thursday night. The stock has gained 115% over the past five trading sessions. Shares set a 52-week high of $15.50 in the session.
2) Chelsea Therapeutics International (NASDAQ: CHTP): Trading up 16% from yesterday's close to $4.87. The price target for shares of Chelsea was raised from $6 to $18 at Roth Capital. Yesterday, the company announced positive Phase III results for its neurology drug Northera.
3) Micromet (NASDAQ: MITI): Trading up 13.8% from yesterday's close to $6.01. Micromet announced positive results for its acute lymphoblastic leukemia treatment blinatumomab.
4) Yongye International (NASDAQ: YONG): Trading up 13.4% from yesterday's close to $4.82. Last night, Yongye announced the closing of the $50 million equity investment by Morgan Stanley Private Equity Asia.
5) Yuhe International (NASDAQ: YUII): Trading up 12.7% from yesterday's close to $4.36. Shares of Yuhe set a 52-week low of $3.87 in yesterday's trading session.
Other Notable Gainers
Verigy (NASDAQ: VRGY): Trading up 10.9% from yesterday's close to $14.95. Verigy announced that Advantest (NYSE: ATE) has gained approval from regulators to acquire the company for $15 per share.
LML Payment Systems (NASDAQ: LMLP): Trading up 10.6% from yesterday's close to $3.13.
Identive Group (NASDAQ: INVE): Trading up $6.8% from yesterday's close to $2.37.
Worst
1) RealD (NYSE: RLD): Trading down 14.4% from yesterday's close to $20.60. Shares of RealD are experienced the biggest intraday loss since their IPO in July, as analysts question how lucrative the 3-D movie business will be. The stock has lost 42% in the past 16 trading sessions.
2) Diodes (NASDAQ: DIOD): Trading down 13.5% from yesterday's close to $23.67. The company lowered its gross margin guidance to 32.5 percent (plus or minus 1.5 percent). Diodes says the margin is being negatively impacted by shrinking demand and a slower-than-expected recovery from recent manpower shortages at company packing facilities in China.
3) Life Partners Holdings (NASDAQ: LPHI): Trading down 13.5% from yesterday's close to $3.26. Life Partners announced that its auditor, Ernst & Young, resigned last week.
4) Zale (NYSE: ZLC): Trading down 13.4% from yesterday's close to $5.42. Zale was cut from Buy to Neutral by Bank of America (NYSE: BAC). Shares of Zale recently set a 52-week high of $6.81 on June 8th.
5) ChinaCache International Holdings (NASDAQ: CCIH): Trading down 11.9% from yesterday's close to $6.85. Shares of ChinaCache hit a 52-week low of $6.80 in today's session. The year-to-date performance of ChinaCache has been a loss of 67%.
Other Notable Losers
China Natural Gas (NASDAQ: CHNG): Trading down 11.9% from yesterday's close to $2.44.
Cooper Tire & Rubber (NYSE: CTB): Trading down 7.8% from yesterday's close to $19.59.
Amarin Corporation (NASDAQ: AMRN): Trading down 7.4% from yesterday's close to $15.10.
