Top Gainers & Losers (NM, NCTY, MITL, RIMM, BIG)

Published on Friday, 02 December 2011 12:34 Written by Paul Oldrini

New York, December 2^nd (TradersHuddle.com) – Navios Maritime Holdings Inc. (NYSE: NM) gained 20.88% to $4.11 in morning trading, with Jim Cramer recommending the stock. The 52-week trading range for the company is $2.88 - $5.99. Navios Maritime Holdings Inc. (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. The Company has two business segments: Vessel Operations and Logistics Business.

The9 Limited (ADR) (NASDAQ: NCTY) surged 21.68% to $7.34 in the morning hours. Red 5 Singapore Pte. Ltd., a wholly-owned subsidiary of The9 Limited, announced that its highly-anticipated team-based shooter game, Firefall, is licensed to Garena Online Private Limited ("Garena") for distribution across Southeast Asia and Taiwan.

Mitel Networks Corporation - (NASDAQ: MITL) surged 26.64% to $3.47 in the morning hours after the company reported its second-quarter net loss of $1.2 million, or $0.02 per share, as compared to net income of $80.9 million, or $1.45 per share, in the same period last year. Non-GAAP net income for the second quarter was $13.3 million, or $0.24 per share, compared to non-GAAP net income of $9.1 million, or $0.16 per share, in the same period last year. Revenue for the second quarter of fiscal 2012 was $168.8 million, compared to $161.1 million for the second quarter of fiscal 2011.

 Research In Motion Limited (USA) (NASDAQ: RIMM) plummeted 9.53% to $16.81 in the early hours. The 52 week trading range for the company is $15.98 - $70.54. Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. RIM provides platforms and solutions for access to information, including e-mail, voice, instant messaging, short message service (SMS), Internet and intranet-based applications and browsing.

Big Lots, Inc. (NYSE: BIG) declined 8.76% to $36.25 in the morning hours. The company’s fiscal third-quarter earnings fell 76% as the closeout retailer posted a loss from its new Canadian operation, though same-store sales rose. The company also raised its full-year earnings guidance, now forecasting a profit of $2.85 to $2.92 a share, up from an August projection of $2.80 to $2.90 a share.

For the fourth quarter, the company forecast earnings of $1.59 to $1.66 a share, up from its August estimate of $1.57 to $1.62. It expects U.S. same-store sales to rise 1% to 2% in the fourth quarter.