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Monday's Mid-Day Movers: Greece Says No, Crude Tumbles

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Following the holiday weekend, Monday contained many notable movers as Greece voted “no” to accept bailout terms and oil tumbles yet again.

Winners

Versartis Inc (NASDAQ: VSAR) moved up 29 percent after the FDA removed a partial clinical hold on Versartis’ investigational drug for VRS-317.

Weight Watchers International, Inc. (NYSE: WTW) soared 18 percent on news that a potential activist hedge fund has taken interest in acquiring the weight-management services provider.

Alliance Fiber Optic Products Inc (NASDAQ: AFOP) shot up 12 percent after the fiber optic manufacturer increased its Q2 revenue guidance to $25 million, up from previous $23.34 million.

Invivo Therapeutics Holdings Corp (NASDAQ: NVIV) was lifted 8 percent on reports that contained improvements from Invivo’s second and third patients implanted with their Neuro-Spinal Scaffold; It was reported that the third patient went from complete spinal cord injury to incomplete spinal cord injury.

eHealth, Inc. (NASDAQ: EHTH) jumped 12.7 percent as RBC Capital upgraded the online health insurer from Sector Perform to Outperform.

Losers

Silicom Ltd. (NASDAQ: SILC) dwindled down 21 percent after the company issued downside revenue Q2 guidance of $16.8-$17.2 million versus projected $19.95 million; the company also issued downside guidance for Q3 (sees revenues of $18-$19 million, down from projected $21.77 million).

Allor Communications Ltd (NASDAQ: ALLT) shot down 16 percent after the company reduced its revenue guidance for Q2 from $30.34 million down to $21-$22 million, alongside reducing Q3 guidance from $126.24 million to $100-$105 million.

National Bank Of Greece (ADR) (NYSE: NBG) moved down 13 percent after the Greek referendum. The results from the voting illustrated 61.3 percent voted “no” on the decision to accept bailout terms by Greece’s international creditors.

Petroleo Brasileiro SA (NYSE: PBR) declined 7 percent alongside crude oil.

 

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