7 Notable Movers positioned to be Friday’s Hot Stocks

July 5, 2011, 1:32 pm

APAC Customer Services Inc. (NASDAQ: APAC) shares were boosted on news that the outsourcing services provider has agreed to be bought by a JPMorgan unit for $470 million. The deal values APAC at $8.55 a share, which is a 57% premium. The stock set a fresh 52-week high of $8.45 and closed at $8.44, on strong volume of 33.25 million shares. (NASDAQ:APAC), (APAC)

Shares of China Auto Logistics Inc. (NASDAQ: CALI) surged more than 78% to close at $2.07 today after the company announced the closing of the sale of 3 million unregistered common shares to accredited individual investors at an above market price of $1.75 a piece, raising a total of $5.25 million. (NASDAQ:CALI), (CALI)

bebe stores Inc. (NASDAQ: BEBE) climbed as high as $8.25, a fresh 52-week high, after the womens apparel retailer reported a 7% to $122.4 million increase in its fourth quarter sales. The stock closed the session at $7.78, with strong volume of 3.67 million shares. (NASDAQ:BEBE), (BEBE)

Forest Oil Corp. (NYSE: FST) shares were lower after the natural gas and oil company disappointed investors with its 2011 production guidance. Shares slipped 13.64% to close at $24.24, on high volume of 16.24 million shares. (NYSE:FST), (FST)

Target Corp. (NYSE: TGT) shares gained 6.67% to $51.67 after the Minneapolis retailer reported June sales that were better than expected. Over 22 million shares traded hands during the session. (NYSE:TGT), (TGT)

Shares of OCZ Technology Group Inc. (NASDAQ: OCZ) jumped after the company posted a surprise profit for its first quarter. The computer memory and storage hardware maker also updated its full-year view. Shares added 15.83% to $9.66, on volume of 9.98 million shares. (NASDAQ:OCZ), (OCZ)

Lumber Liquidators Holdings Inc. (NYSE: LL) shares traded to a new 52-week low of $18.20 on weak guidance for its second-quarter earnings. Its updated full-year outlook further disappointed investors. The stock closed at $18.32, down 28.55% from the previous sessions close of $25.64, on above-average volume of 9.25 million shares. (NYSE:LL), (LL)

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