Among the major movers at around noon today are BankAtlantic Bancorp Inc. (NYSE: BBX), Midas Inc. (NYSE: MDS), Great Wolf Resorts Inc. (NASDAQ: WOLF), Coleman Cable Inc. (NASDAQ: CCIX), and Majesco Entertainment Co. (NASDAQ: COOL).
BankAtlantic is up nearly 82% at $3.51. Volume is already nearly 13x the daily average of about 78,000 shares traded. The bank holding company received a sweetened deal this morning on its pending acquisition by BB&T Corp. (NYSE: BBT).
Midas is up more than 27% at $11.45 after posting a new 52-week high of $11.47 earlier this morning. Volume is already more than 200x the daily average of about 52,000 shares traded. The auto parts maker and retailer has accepted a buyout from Japan’s Sumitomo for $11.50/share, or $173 million.
Great Wolf is up nearly 23% at $5.14 after posting a new 52-week high of $5.19 earlier. Volume is already more than 55x the daily average of around 66,000 shares traded. The water-park resort company is being acquired by an affiliate Apollo Global Management LLC (NYSE: APO). More coverage here.
Coleman Cable is down more than -22% at $10.09. Volume is already more than 11x the daily average of around 52,000 shares traded. The electrical equipment maker reported weak quarterly earnings and offered a weak forecast this morning.
Majesco is down nearly -11% at $2.65. Volume is already more than double the daily average of around 870,000 shares traded. The video game maker reported weak earnings last night. More coverage here.
Paul Ausick