Stocks In News (BBX, YHOO, CKEC, OMER, CCM)
BankAtlantic Bancorp Inc (NYSE:BBX) is one of the top percentage gainer and surged up 68.39% to $3.18 in the early trading hours. BB&T Corp has changed its agreement to acquire BankAtlantic Bancorp Inc's bank subsidiary to address litigation challenges. Under the amended agreement, BB&T will assume BankAtlantic's obligations related to $285 million worth of trust-preferred securities.
Yahoo! Inc. (NASDAQ: YHOO) fell $0.05 or 0.35% to $14.44 on 3.93 million shares in the morning hours. Yahoo has sued Facebook, the social-networking giant and accusing it of infringing Yahoo’s patents tied to a range of Web technologies. As per the lawsuit, filed in Federal District Court in San Jose, Calif., Yahoo has accused that Facebook had infringed 10 of Yahoo’s patents knowingly and improperly violated some of the company’s core intellectual properties. The patents are related to advertising, privacy and social networking features.
Yahoo has shared a number of important business bonds with Facebook by integrating the social network’s popular news activity feature, into its own sites. This helped Yahoo to bolster Yahoo’s traffic from Facebook users by about 300% from September to December alone.
Carmike Cinemas Inc (NASDAQ:CKEC) jumped over 19% to $10.85 on a traded volume of 318k shares. The Company reported fourth quarter profit of $1.7 million or 14 cents per share compared to loss of $3.1 million or 25 cents per share. Revenue rose 4.2% to $120.1 million. However, analysts expected earnings of 5 cents per share on revenue of $112.2 million.
Omeros Corporation (NASDAQ:OMER) is one of the percentage gainer and surged up 18.98% to $9.09. The Company announced top line results from its Phase 3 clinical trial evaluating OMS302 in patients undergoing intraocular lens replacement surgery. OMS302 met its primary endpoint by demonstrating statistically significant maintenance of intraoperative mydriasis.
Concord Medical Services Hldg Ltd (ADR) (NYSE:CCM) moved up 1.12% to $4.05.The total traded quantity in the early trading hours is 19k shares. So far this year, the stock is up over 25%. The 52-week range for the stock is $2.95 and $6.53.
