WRSP stopped the bloodshed on Wednesday, trading up over 15% to close the session at $6.85 after UBS analyst Lucas Binder re-iterated his buy on the stock and said that the 48% recent decline, which was started by a SG Cowen downgrade, wasn’t justified. Volume was high on Wednesday, with over 2 million shares of […]
NABI had a strong day on Wednesday, trading up over 15% after the company said that it will continue developing two of their drugs after an outside advisory panel assessed the prospects for the products. This was obviously good news for the company, or at least hopeful news, and investors responded by jumping back into […]
NVAX had a rough day on Tuesday, trading down over 7% to close at $7.71 after announcing that they would be offering 5.2 million common shares in a secondary priced at $7.30. The company has said that it will use the net proceeds of about $38 million dollars for general corporate purposes. Volume was high […]
BMET traded down over 4% on Tuesday in heavy trading (7.4 million shares traded versus normal daily average of 1.6 million shares) after reporting Q3 earnings and guidance that were not well-received by the Street. For their Q3, the company posted earnings of 43 cents per share on revenues of $506.3 million dollars, compared to […]
BWNG traded up over 16% to close at $14.78 on Monday after it was revealed that investor John De Mol had bought a 5% stake in the company, and may be looking to buy more shares of the company. De Mol has exactly 5.03% of the company, and he acquired shares between the price of […]
Any truth to the market rumors that GLBC is poised to merge with BWNG? Some analysts think not, but investors seem to think it’s a good possibility, as they sent the stock over 16% higher on Monday in heavy trading (1.9 million shares traded versus normal daily average of 95,900 shares.) The stock seemed to […]
Look for MNST to get the week off to a strong start on Monday after the publication Barron’s talked up the company in their weekend edition. Barron’s noted that even though the company had a high price to earnings ratio, strong international growth prospects and takeover potential give the company a potential value of $60 […]
QCOM continued its strong run this week, trading up over 2 1/2 points over the course of the last week to close on Friday at $50.77. Volume was strong again on Friday, with over 20 million shares changing hands, compared to a normal daily average of 13.4 million shares. QCOM has a 52 week high […]
What happened to ESLR on Friday? The stock traded down over 10% on heavy volume (10.9 million shares traded versus normal daily average of 3.1 million shares.) It is just the fact that the stock has been hot lately, and a bunch of stops got hit Friday afternoon as people cashed in their positions in […]
RIMM pulled back on Thursday, trading down over 3% to close the session at $85.75. Volume was high, with over 14 million shares changing hands, compared to a normal daily average of 5.7 million shares traded. It appears as though RIMM is finally taking a breather after its rapid ascent higher following their settlement with […]