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Midday Gainers From October 20: SinoCoking Coal Up 70%, ITT And Sears Also Rise

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SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ: SCOK) +73% - The company announced that its carbon dioxide conversion facility began operations on October 18.

ITT Educational Services, Inc. (NYSE: ESI) +21% - Momentum from last week's preliminary results appears to be continuing into Monday’s trade; In addition, Bank of America analysts raised the price target to $8.00 and reiterated the Underperform rating.

ShoreTel Inc (NASDAQ: SHOR) +19% - Mitel Corp. disclosed that it has made a proposal to acquire all the outstanding shares of ShorTel Common Stock for $8.10 per share.

Newlink Genetics Corp (NASDAQ: NLNK) +17% - The company reported that it has entered into an exclusive worldwide license agreement with Genentech, to which Newlink received a $150 million payment upfront.

Sears Holdings Corp (NASDAQ: SHLD) +17% - Sears announced Monday that it has entered into lease agreements with Primark, a leading fashion retailer in Europe, for seven standalone stores.

Cleco Corporation (NYSE: CNL) +11% - The company announced it has agreed to be purchased for approximately $4.7 billion, or $55.37 per share.

 

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