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Mid-day Movers (BBX, MDS, WOLF, CCIX, COOL)

Shortly after noon ET today, the three major US stock indexes have continued to rise, with the DJIA up about 105 points at around13,065, the Nasdaq up about 29 points at 3,012, and the S&P 500 up nearly 12 points…

By Paul Ausick
Published March 13, 2012, 12:19pm ET · 2 min read

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Shortly after noon ET today, the three major US stock indexes have continued to rise, with the DJIA up about 105 points at around13,065, the Nasdaq up about 29 points at 3,012, and the S&P 500 up nearly 12 points to around 1,383. A good report on retail sales sparked the buying trend at this morning’s opening bell and the business inventories report showed modest growth of 0.7%. The dollar is higher today, with the dollar index up 0.12% at 79.989. Crude prices are also higher, with Brent up 0.73% and WTI up 0.82%.

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

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Paul Ausick

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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