Kelly Wu
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Wireless merchant InPhonic (INPC) gains 39%

Posted Aug 8th 2007 3:28PM by Kelly Wu (RSS feed)
Filed under: Major Movement

Shares of InPhonic (NASDAQ: INPC), NASDAQ's top percentage gainer Wednesday, are trading nearly 40% higher. The seller of wireless service and devices is due to report earnings Thursday after the markets close.

Shortly before Wednesday's close, InPhonic was trading at $3.74, 39% higher than Tuesday's $2.69 close.

Today's gains notwithstanding, InPhonic sits well beneath its 52-week high of $14.49, reached in February. Founded in 1999, InPhonic sells its service and products through e-commerce site Wirefly.com and other private online retailer sites. InPhonic compares prices on wireless services and products for customers.

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ACCO Brands (ABD): Office products maker gains 17%

Posted Aug 6th 2007 4:17PM by Kelly Wu (RSS feed)
Filed under: Major Movement

Shares of ACCO Brands Corp. (NYSE: ABD) closed $3.50 higher Monday after announcing strong sales and earnings. The nearly 17% rise -- among the NYSE's top performances Monday -- put ACCO shares at $24.25.

ACCO makes branded office supplies for resale, suppling to retail superstores, wholesale office suppliers and mail order catalogs. ACCO's products are sold under the brands
Day-Timer, Swingline, Kensington, Quartet, GBC, Rexel and Wilson Jones.

ACCO Brands' second-quarter report states earnings of $4.5 million, or 8 cents per share, a turnaround from last year's second-quarter loss of $9.8 million, or 18 cents per share.

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Ruddick Corp. (RDK) poised for record close

Posted Aug 3rd 2007 1:45PM by Kelly Wu (RSS feed)
Filed under: Major Movement

Ruddick Corp. (NYSE: RDK)'s shares were trading 20% higher Friday and poised to close at a record high. Ruddick, the holding company for Harris Teeter supermarkets, announced Thursday that Harris Teeter sales pushed third-quarter profits 19% higher than the same quarter last year. Ruddick's stock closed at $28.30 Thursday, and sat $6.10 higher at $34.40 shortly before 1:30 p.m. Friday. Its 21.5% gain makes Ruddick currently the NYSE's biggest percent gainer.

Accounting for Harris Teeter's recent improved performance, Ruddick cited new store openings, cost controls, and pricing plans.

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Major mover: Pharmion (PHRM) jumps by half

Posted Aug 2nd 2007 1:27PM by Kelly Wu (RSS feed)
Filed under: Major Movement

Positive test results for Pharmion Corporation (NASDAQ: PHRM)'s drug Vidaza shot the global pharmaceutical firm's shares more than 50% higher in morning trading Thursday. Pharmion is currently the biggest percentage gainer on the NASDAQ.

Vidaza is said to significantly extend the life of patients with myelodysplastic syndrome. In a late-stage study, results showed that taking Vidaza extends the median survival of 15 months for those on conventional treatments to 24.4 months. Shortly before 1:30 p.m., Pharmion shares were trading at $37.60, up 52% from Wednesday's $24.64 close.

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