Market Overview

18 Biggest Mid-Day Gainers For Wednesday

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Sky Solar Holdings Ltd (ADR) (NASDAQ: SKYS) shares jumped 52.8 percent to $4.11 as the company reported the potential sale of certain assets held by Sky Solar Japan for $165 million.

SCYNEXIS Inc (NASDAQ: SCYX) shares climbed 25.2 percent to $2.58. Guggenheim Securities initiated coverage on SCYNEXIS with a Buy rating.

Auris Medical Holding AG (NASDAQ: EARS) shares gained 21.9 percent to $4.68. Auris Medical is expected to announce Q2 financial results on Thursday, August 18, 2016.

Nymox Pharmaceutical Corporation (NASDAQ: NYMX) shares climbed 18.6 percent to $2.38. Nymox Pharma reported private placements of $2.24 million.

Urban Outfitters, Inc. (NASDAQ: URBN) surged 16.3 percent to $36.33 as the company reported stronger-than-expected results for its second quarter on Tuesday.

Mediwound Ltd (NASDAQ: MDWD) gained 14.4 percent to $7.29. Wells Fargo initiated coverage on MediWound with an Outperform rating.
Long Island Iced Tea Corp (NASDAQ: LTEA) rose 13.3 percent to $5.20. On Tuesday, Long Island Iced Tea reported a Q2 loss of $0.42 per share on revenue of $1.6 million.

OSI Systems, Inc. (NASDAQ: OSIS) shares climbed 12.6 percent to $68.29. OSI Systems posted upbeat earnings for its fourth quarter on Tuesday.

Citi Trends, Inc. (NASDAQ: CTRN) shares rose 12.2 percent to $19.89 following Q2 results. Citi Trends posted a Q2 loss of $0.01 per share on revenue of $155.3 million.

Townsquare Media Inc (NYSE: TSQ) gained 11.4 percent to $9.38. Madison Square Garden Co (NYSE: MSG) has acquired a 12 percent stake in Townsquare.

Continental Materials Corporation (NYSE: CUO) rose 10.4 percent to $21.97. Continental Materials reported Q2 earnings of $1.08 per share on sales of $42.721 million.

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares rose 10.1 percent to $29.29. Morgan Stanley upgraded Valeant from Equal-weight to Overweight and raised the price target from $33.00 to $42.00.

Aegean Marine Petroleum Network Inc. (NYSE: ANW) shares gained 9.3 percent to $9.63 as the company announced that it will buy back 11.3 million shares owned by Dimitris Melissanidis.

BOS Better OnLine Sol (USA) (NASDAQ: BOSC) shares gained 8.9 percent to $3.69. B.O.S. is expected to release Q2 financial results on Monday, August 29, 2016.

Aurinia Pharmaceuticals Inc (NASDAQ: AUPH) shares climbed 8.7 percent to $2.51 after surging 27.62 percent on Tuesday.

MeetMe Inc (NASDAQ: MEET) shares surged 7.8 percent to $5.41 after reiterating strong guidance figures for its third quarter and full year. For Q3 management expects revenue of $17 million to $17.5 million, which compares to consensus of $17.28 million, and adjusted EBITDA of $6.5 million to $7 million, up at least 25 percent year-over-year.

EZCORP Inc (NASDAQ: EZPW) shares gained 6.8 percent to $9.94. CL King upgraded EZCORP from Neutral to Buy.

Cardinal Financial Corporation (NASDAQ: CFNL) shares gained 5.3 percent to $27.14. Bloomberg TV reported that United Bancshares Inc. (NASDAQ: UBOH) is in talks to acquire Cardinal.

Posted-In: Mid-Day MoversNews Intraday Update Markets Movers

 

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