Stocks on the Move: Empire Resorts (NYNY), Net Element (NETE), Auxilium Pharmaceuticals (AUXL), YRC Worldwide (YRCW)

Empire Resorts Inc (NYNY) is ripping higher this morning with price breaking out to a fresh multi-month high over $6. NYNY shares recently spiked as high as 41% gaining $1.26 to $6.31. The stock is up more than 59% year-over-year and has gained roughly 4.50% year-to-date. In the past 52 weeks, shares of Monticello, New York-based company have traded between a low of $3.11 and a high of $9.39.

Empire Resorts, which closed Tuesday at $5.05, has a total market cap of $248.44M.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Shares of Net Element International Inc. (NETE) shot up more than 52% at the start of trading on Wednesday, after the company announced it will integrate Apple (AAPL) services into its point-of-sale payment acceptance hardware and software, enabling co merchants the ability to accept Apple Pay from customers.

“This new service will create a unique experience for customers who want to pay at the point-of-sale using their Apple iPhone 6, Apple iPhone 6 Plus and Apple Watch devices,” Net Element said.

NETE shares recently gained $0.72 to $3.32. In the past 52 weeks, shares of North Miami Beach, Florida-based tech company which specializes in mobile commerce and payment processing for electronic commerce, have traded between a low of $0.88 and a high of $5.90. Shares are down 54.55% year-over-year and 40.50% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Auxilium Pharmaceuticals Inc. (AUXL) gained as much 45.2% to $31.23 Wednesday following Endo International’s (ENDP) unsolicited $2.2 billion offer. Specialty drugmaker Auxilium said that it would review the bid, which comes to 28.10 per AUXL share in cash and Endo stock.

Auxilium Pharmaceuticals Inc. shares are currently priced at 22.30x next year’s forecasted earnings. Ticker has a PEG and forward P/E ratio of -1.91 and 22.28, respectively. Price/Sales for the same period is 2.67 while EPS is ($1.34). Currently there are 3 analysts that rate AUXL a ‘Strong Buy’, 6 rate it a ‘Buy’ and 2 rate it a ‘Hold’. 1 analyst rates it a sell. AUXL has a median Wall Street price target of $29.50 with a high target of $34.00.

In the past 52 weeks, shares of Chesterbrook, Pennsylvania-based company have traded between a low of $16.36 and a high of $32.89 and are now at $31.05. Shares are up 19.82% year-over-year and 3.81% year-to-date. AUXL is currently recording a higher than average trading volume with the issue trading 12.6M shares, compared to the average volume of 1,236,480.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Shares of YRC Worldwide (YRCW) climbed over 17% Wednesday to a new 1-month high of $23.99 after the trucking company launched an amendment to its Term Loan Credit Agreement to revise its leverage ratio covenant from the third quarter of 2014 through the fourth quarter of 2016.

“As a result of the performance initiatives and positive yield results thus far in the quarter, we anticipate reporting Adjusted EBITDA (defined as Consolidated EBITDA in the Credit Agreement) of approximately $75 million to $80 million and operating income of approximately $22 million to $27 million for the third quarter of this year,” said Jamie Pierson, CFO of YRC Worldwide. “This projected Adjusted EBITDA is approximately $13 million to $18 million higher than our reported Adjusted EBITDA for third quarter 2013 of $61.8 million and our projected operating income is approximately $16 million to $21 million higher than our reported operating income from third quarter 2013. With this amendment, we plan to focus on our operations and the positive momentum we have built so far this quarter. We appreciate the support of our lenders and believe that the successful completion of this amendment will affirm their confidence in our ongoing initiatives and the future of YRCW,” Pierson stated.

YRCW shares are currently priced at 23.51x next year’s forecasted earnings. Ticker has a forward P/E of 23.45 and t-12 price-to-sales ratio of 0.12. EPS for the same period is ($11.50).

In the past 52 weeks, shares of Overland Park, Kansas-based firm have traded between a low of $7.06 and a high of $29.21 and are now at $23.05. Shares are up 27.40% year-over-year and 33.56% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

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