Posts Tagged ‘IIIIU’

CFS, ARTG, IIIIU lead midday gainers parade Tuesday

Tuesday, November 2nd, 2010

Comforce Corp. (AMEX: CFS) advanced 51.86 percent to $2.46, as the clock approached noon ET, on 621,038 shares, compared to a daily average of 9,408 shares. The volume and sharp rise comes amid news that the company agreed to be taken over by an affiliate of ABRY Partners for $2.50 per share of common stock, a premium of approximately 77.4 percent over Comforce’s 30-day average closing stock price, and a 52-week high for the issue. Comforce Corporation is a leading provider of outsourced staffing management services.

Art Technology Group Inc. (Nasdaq: ARTG) leaped 45.37 percent by midday to $5.96, on volume of 59,981,921shares, towering above its three-month daily average of 1,135,700 shares, on the verge of an announcement that Oracle was about to buy ATG for $1 billion, thus adding the maker of e-commerce software to Oracle’s business-software offerings. Oracle will pay $6 a share, a 46 percent premium to Monday’s closing price and a level last seen in 2001 as the Internet bubble was still deflating.

Information Services Group, Inc. Units (Nasdaq: IIIIU) was ahead 24.48 percent to $3.86 nearing lunchtime in New York, on volume of 3,616 shares. The industry-leading information-based services company will release its third-quarter 2010 financial results on Tuesday, November 9. Neither the stock’s 52-week range nor average volume was available at press time.

Friday’s Market Movers – (FMR, IIIIU, STMP, CSTR)

Friday, October 29th, 2010

First Mercury Financial Corporation (NYSE: FMR) Surged 43.49% to $16.30 on news that Toronto’s Fairfax Financial Holdings Ltd. agreed to buy First Mercury for $294 million cash. First Mercury serves specialized niches of the insurance industry and Fairfax chief executive Prem Watsa says it’s an opportunistic purchase.

Information Services Group, Inc (NasdaqGM: IIIIU) climbed 39.39% to $2.30 this Friday on 644 volume. Information Services Group, Inc. an industry-leading, information-based services company, confirmed Wednesday that it will release its third quarter 2010 financial results on Tuesday, November 9, 2010.

Stamps.com Inc. (NasdaqGS: STMP) shares advanced 10.88% to $16.00 after the online seller of postage stamps announced special dividend of $2.00 per share on Thursday. The Board of Directors approved the special dividend to distribute excess cash from the Company’s capital structure, and to allow shareholders to take advantage of the current low dividend tax rate.

Coinstar, Inc. (NasdaqGS: CSTR) a leading provider of automated retail solutions rose 25.18% to $57.91 on news they beat the 50-cent average of seven analysts’ estimates compiled by Bloomberg. The owner of Redbox movie-rental kiosks sales climbed 42 percent to $380.2 million. DVD revenue jumped 54 percent.