This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NightHawk, BioFuels: Volume Movers

BOSTON ( TheStreet) -- NightHawk Radiology (NHWK) is one of several stocks trading on above-average volume Monday after the company was acquired in a $170 million deal.

NightHawk shareholders will receive $6.50 per share in cash from Virtual Radiologic, representing a 100% premium to the stock's closing price on Friday. The transaction is expected to be completed in the first quarter of 2011, the companies said.

Shares of NightHawk are surging by $3.14, or 96.5%, to $6.39. Volume topped 7.45 million shares, compared to the average daily share volume of 71,000.

Elsewhere, BioFuel Energy (BIOF) shares are rallying by 63 cents, or 37.5%, to $2.31 after the company said Friday it has entered into a six-month $19.4 million bridge loan agreement with Greenlight Capital and an affiliate of Third Point LLC. The bridge loan was used to repay $17.9 million in working capital loans. Volume topped 2.49 million shares, compared to the average daily share volume of 218,000.

LDK Solar (LDK) shares are jumping by $1.33, or 15%, to $10.18 after the company said it has borrowed $8.9 billion from the China Development Bank to fund its expansion efforts. Volume topped 12 million shares, compared to the average daily share volume of 2.97 million.

Shares of Rainmaker Systems (RMKR) are spiking late in Monday's session, rising by 40 cents, or 37%, to $1.48 after the company said in a regulatory filing that it has entered into a statement of work under its vendor services agreement with Microsoft (MSFT) to provide the company with global telesales and chat sales services.

Rainmaker said the statement of work covers the U.S., Europe and the Middle East, and Asia-Pacific regions and has an initial three-year term. Services are set to begin on Nov. 1, Rainmaker said. Volume topped 170,000 shares, compared to the average daily share volume of 9,000.

-- Written by Robert Holmes in Boston.



>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
RMKR $0.04 -1.13%
LDK $0.00 0.00%
BIOF $8.19 2.63%
AAPL $130.28 0.00%
FB $81.53 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs