Big Gainers & Losers (NOA, FAC, RAM, CAMP, OCLS)

Published on Friday, 23 December 2011 17:58 Written by Paul Oldrini

New York, December 23rd (TradersHuddle.com) - North American Energy Partners (NYSE:NOA) was the one of the biggest gainers, soaring 1.69 (32.25%) to close at $6.93 without any official news. The stock has been bouncing back from its recent low after this morning analyst at Alta Corp Capital upgraded the stock from Sector Perform to Outperform.

First Acceptance (NYSE:FAC) also rose 30.10% to $1.34, bouncing back from its 52-week low of $1 made in Wednesday’s session. The company’s Director Rhodes R. Bobbitt bought 200,000 shares for a cost of $1.45 each, for a trade totaling $290,000.

RAM Energy Resources (NASDAQ:RAM) closed higher by 22.89% to $2.47 after hitting a new 52-week high of $2.96 earlier in the session. Yesterday, the stock was up about 82% after it announced recapitalization of $550 million.

CalAmp (NASDAQ:CAMP) was one of the biggest percentage losers, slumping 17.93% to $4.21 on very unusual volume after the company said that it earned 9 cents a share on revenue of $32.8 in its third quarter, compared to analysts’ estimates of 3 cents a share on revenue of $32.25 million. The company projects to earn $0.06-$0.10 a share on revenue of $34-$38 million in the current quarter, compared to analysts’ estimates of 4 cents a share on revenue of $34.2 million.

Oculus Innovative Sciences (NASDAQ:OCLS) slid 13.08% to close at $1.13 after the company announced it has received commitments from certain institutional and accredited investors to purchase approximately $2.0 million of the Company's securities in a registered direct offering.