Stocks with a Pump and Dump Strategy ( KORS, SVNT, LEAP, EDU )

Los Angelas, CA -- (SBWIRE) -- 09/24/2012 -- Michael Kors Hold (NYSE:KORS) is very active today and traded between $54.40 - 57.35 with total traded volume of 10755002 shares. At a current price of 57.35, KORS is +4.86 - +9.26% from the previous close of $52.49. Moreover, At Current Market Price, KORS is in distance of +12.70% from its 50-day Moving Average price of $50.8857 and +28.19% from its 200-day Moving Average price of $44.7394. Michael Kors Holdings Limited announced that the Company updated its second quarter fiscal 2013 guidance.For the second quarter of fiscal 2013, the Company now expects diluted earnings per share to be in the range of $0.38 to $0.40 as compared to its previous guidance of $0.33 to $0.35. The Company now expects total revenue to be in the range of $510 million to $520 million. The expected diluted earnings per share assume 201.0 million diluted weighted-average shares outstanding and a 38% effective tax rate. For fiscal 2013, the Company now expects diluted earnings per share to be in the range of $1.39 to $1.41 as compared to its previous guidance of $1.32 to $1.34. The Company now expects total revenue to be in the range of $1.85 billion to $1.95 billion with comparable store sales of approximately 30%. The expected diluted earnings per share assume 201.2 million diluted weighted-average shares outstanding and a 38% effective tax rate. The Company’s updated projected results for the second quarter of fiscal 2013 and for fiscal 2013 are only estimates, and its actual results may differ.

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Savient Pharmaceu (NGM:SVNT) is +0.2101 - +9.18% from the previous close of $2.2899. It traded between $2.33 - 2.50 with total traded volume of 4884035 shares. Keep a close eye on SVNT, as the stock has been showing unusual moves over the past weeks. At Current market price, SVNT has recovered +420.83% from its 52-week Low of 0.48 and has Pulled back -47.37% from its 52-week high of 4.75. Savient Pharmaceuticals (NAS: SVNT) beaten-down biotech that has since emerged from the valley of shadow to much brighter prospects.

In those dark days, Savient was under assault from creditors who tried to prevent it from restructuring its debt. Tang Capital Partners, which owns some $39 million worth of debt, unsuccessfully accused the biotech of being insolvent and asked a judge to appoint a receiver. Tang wanted the courts to prohibit any financing deal to be enjoined as well as to stop any bonuses from being paid to management. The courts eventually said Tang didn't have standing to bring the suit and Savient hadn't defaulted under its convertible notes.

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Leap Wireless Int (NasdaqNM:LEAP) is +0.535 - +8.33% from the previous close of $6.42. It traded between $6.36 - 7.02 with total traded volume of 4260956 shares. At Current Market Price, LEAP is in distance of +20.28% from its 50-day Moving Average price of $5.7823 and +6.34% from its 200-day Moving Average price of $6.5405. Leap Wireless International, Inc.(NASDAQ:LEAP) shares fell 2.13% and closed at $6.42 in the last trading session. Leap Wireless stock had its price target boosted by Canaccord Genuity from $4.00 to $7.00 in a report issued yesterday. The firm currently has a hold rating on the stock. Additionally, the company last issued its quarterly earnings data on August 6. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by $0.03. The company’s quarterly revenue was up 3.5% on a year-over-year basis.

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New Oriental Educ (NYSE:EDU) is very active today and traded between $13.84 - 15.00 with total traded volume of 3955049 shares. At a current price of 14.92, EDU is +1.11 - +8.04% from the previous close of $13.81. Moreover, At Current Market Price, EDU is in distance of +8.64% from its 50-day Moving Average price of $13.7337 and -32.34% from its 200-day Moving Average price of $22.0513. Wells Fargo & Co. reaffirmed their outperform rating on shares of New Oriental Education & Tech. Group (NYSE: EDU) in a research note released on Friday morning. Other equities research analysts have also recently issued reports about the stock. Analysts at Muddy Waters initiated coverage on shares of New Oriental Education & Tech. Group in a research note to investors on Wednesday, July 18th. They set a sell rating on the stock. Separately, analysts at Oppenheimer downgraded shares of New Oriental Education & Tech. Group from an outperform rating to a market perform rating in a research note to investors on Wednesday, July 18th. They now have a $35.00 price target on the stock. Finally, analysts at Jefferies Group downgraded shares of New Oriental Education & Tech. Group from a buy rating to a hold rating in a research note to investors on Tuesday, July 17th.

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