StreetInsider.com Unusual 11 Mid-Day Movers 03/27/2007

By Douglas A. McIntyre Published Mar 27, 11:29AM EDT

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Electronic Clearing House (Nasdaq: ECHO) 37% LOWER; Has mutually agreed with Intuit Inc. (Nasdaq: INTU) to terminate the merger agreement entered into by the companies on December 14, 2006.

Cimatron Limited (NASDAQ: CIMT) 31% HIGHER; Announced today the opening of two new offices in China. The new offices in Fujian and Wuhan will join the existing offices in Beijing, Chengdu, Guangzhou, Shanghai, and Wuxi, supporting the growing customer base and accelerating demand for Cimatron’s products in China.

Nuvelo Inc. (Nasdaq: NUVO) 27.5% HIGHER; Company has been granted two separate fast track designations by the FDA for its product candidate, rNAPc2.

BioCryst Pharmaceuticals (Nasdaq: BCRX) 16.3% LOWER; Phase IIb Trial in T-ALL Voluntarily Placed on Hold by BioCryst Due to Stability Issue with the Intravenous Formulation of Fodosine.

FuelCell Energy (Nasdaq: FCEL) 16.4% HIGHER; Announced that the Connecticut Clean Energy Fund (CCEF) has screened and selected six energy projects, incorporating 68 megawatts (MW) of the company’s fuel cell products.

CV Therapeutics, Inc. (Nasdaq: CVTX) 14.7% HIGHER; Stock bounces back after falling on Deutsche Bank’s downgrade yesterday. Also, the company is to report finding on Ranexa, it’s angina medication, today at the American College of Cardiology conference.

Technical Olympic USA Inc. (NYSE: TOA) 14% LOWER; Stock down following Lennar’s (NYSE: LEN) earnings report. Residential Construction industry/sector down 2.55% today.

GameStop Corp. (NYSE: GME) 11.4% HIGHER; Reports Q4 EPS of $0.81, versus the consensus of $0.80. Revenues came in at $2.3 billion versus the consensus of $2.12 billion. Sees Q1 EPS of $0.15-$0.16, versus the consensus of $0.13. Sees Q1 comp sales up 12%-14%. Sees FY EPS of $1.37-$1.40, versus the consensus of $1.34. Sees FY comp sales up 14%-16%. Sees 2008 and 2009 EPS growth of at least 25%-year.

Regeneron Pharmaceuticals (Nasdaq: REGN) 11% HIGHER; Regeneron and Bayer HealthCare AG (NYSE: BAY) announced positive preliminary data from a pre-planned interim analysis of a Phase 2 randomized study of their VEGF Trap-Eye in patients with the neovascular form of age-related macular degeneration (wet AMD).

Osiris Therapeutics (Nasdaq: OSIR) 9.25% LOWER; Stock giving some back today after popping on yesterday’s release regarding the clinical trial evaluating PROVACEL.

Martha Stewart Living Omnimedia (NYSE: MSO) 4.3% HIGHER; Bear Stearns upgrades Martha Stewart from Underperform to Peer Perform. Also, KB Home (NYSE: KBH) and Martha Stewart announced a home development collaboration in Los Angeles county.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.