12 Intraday Movers and Shakers

BTI fell as the European Commission plans to crack down on tobacco products.

   

The following are some of today’s most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-$10 billion) and ranked by percent change (all stocks over 100K average daily volume).

Large Cap Gainers

  • General Motors (NYSE:GM) 27.61 +8.32:GM announced a plan to buy back shares from the U.S. Treasury at $27.50 per share. This is part of the U.S. Treasury’s plan to exit its investment in GM over the next 12-15 months.
  • Oracle (NASDAQ:ORCL) 34.08 +3.65: Oracle announced earnings yesterday, and beat quarterly EPS by $0.03. Revenues rose 3.4% year over year to $9.11 billion.
  • Petroleo Brasileiro Petrobras (NYSE:PBR) 20.23 +3.58:  PBR has entered into an agreement with Vale SA (NYSE:VALE) to purchase 100% of the shares issued by Araucária Nitrogenados S.A. and acquire a nitrogenated fertilizer plant.

Large Cap Losers

  • General Electric (NYSE:GE) 21.14 -2.52: GE was removed from the UBS Key Call list (a list of UBS analysts’ “highest conviction” calls). UBS cited uncertain macro environment impact on earnings.
  • British American Tobacco (NYSE:BTI) 100.85 -2.41: European Commission confirmed plans to review the EU Tobacco Product Directive. Proposed revisions to the law include a mandate that warning labels must cover 75% of tobacco packaging and a ban on specially flavored tobacco products.
  • Dish Network (NASDAQ:DISH) 35.03 -2.12: DISH announced that their subsidiary, DISH DBS Corp., plans an offering of senior notes

Mid Cap Gainers

  • Alterra Capital Holdings (NASDAQ:ALTE) 28.9 +24.84: To be acquired by Markel for ~$31 per share. Once the acquisition is complete, current Markel shareholders will own approximately 69% of the combined company, and Alterra’s shareholders will own approximately 31%.
  • Focus Media Holding Limited (NASDAQ:FMCN) 25.58 +6.98: Hearing rumors that a buyout offer for the company has been raised to $30 from $27; stock is halted
  • Mellanox Technologies (NASDAQ:MLNX) 64.66 +4.51: Barclays reissued their overweight rating for Mellanox.

Mid Cap Losers

  • Actuant Corporation (NYSE:ATU) 27.68 -6.49: ATU reported Q1 earnings, and missed quarterly EPS by $0.01. Revenues fell 3.9% year over year to $377.3 million.
  • Gulfport Energy Corporation (NASDAQ:GPOR) 37.65 -4.42: Priced underwritten public offering of 11 million shares of common stock at $38.00 per share
  • Team Health Holdings (NYSE:TMH) 28.97 -3.36: Priced secondary offering of 8 million shares of common stock at $28.95 per share

John Lansing tracks the charts all day and offers expert technical analysis in his day trading, options and trading services: Power Trading at the Open, Parabolic Options and Trending123.


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