Market Overview

12 Biggest Mid-Day Gainers For Friday



  • Condor Hospitality Trust, Inc. (NASDAQ: CDOR) shares jumped 27.3 percent to $2.24. Condor Hospitality Trust raised its quarterly dividend from $0.01 per share to $0.03 per share.
  • Schmitt Industries, Inc. (NASDAQ: SMIT) rose 19.9 percent to $1.81. Schmitt Industries shares have dropped 51.62 percent over the past 52 weeks, while the S&P 500 index has gained 7.62 percent in the same period.
  • GenMark Diagnostics, Inc (NASDAQ: GNMK) shares climbed 19.7 percent to $10.56. Cowen & Co. upgraded GenMark Diagnostics from Market Perform to Outperform.
  • Mad Catz Interactive, Inc. (USA) (NYSE: MCZ) rose 17.7 percent to $0.225 as the company disclosed that it has sold its Saitek simulation product line to Logitech International SA (USA) (NASDAQ: LOGI) for $13 million in cash.
  • Stellar Biotechnologies Inc (NASDAQ: SBOT) shares gained 13.9 percent to $2.53. Stellar Biotechnologies’ filling showed that selling shareholders are offering up to 1.265 million common shares they may acquire upon the exercise of outstanding warrants.
  • Aerie Pharmaceuticals Inc (NASDAQ: AERI) shares surged 12.8 percent to $34.54. Aerie Pharmaceuticals priced its $75 million offering at $29.50 per share.
  • Depomed Inc (NASDAQ: DEPO) surged 12 percent to $23.79. Depomed is preparing to put itself up for sale, following calls from activist investor Starboard Value LP to explore such a move, just a year after it fought off a hostile acquisition bid, people familiar with the matter told Reuters.
  • Alphatec Holdings Inc (NASDAQ: ATEC) rose 9.1 percent to $5.74. Alphatec named Chairman Leslie Cross as interim CEO and regained compliance with Nasdaq listing requirements.
  • Avis Budget Group Inc. (NASDAQ: CAR) shares gained 7.3 percent to $37.64. Avis Budget will replace Questar Corporation (NYSE: STR) in the S&P MidCap 400 after the close of trading on Friday.
  • Alimera Sciences Inc (NASDAQ: ALIM) shares rose 5.6 percent to $1.61. Cowen & Co. upgraded Alimera Sciences from Market Perform to Outperform.
  • GoPro Inc (NASDAQ: GPRO) shares rose 5.2 percent to $14.90. Bank of America initiated coverage on GoPro with a Buy rating.
  • Lightinthebox Holding Co Ltd-ADR (NYSE: LITB) shares rose 3.2 percent to $2.95. LightInTheBox is expected to report Q2 financial results on September 19, 2016.

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