Posts Tagged ‘healthcare’

CHTP jumps, CSCO trades wide, BLTI tumbles

Monday, December 20th, 2010

Chelsea Therapeutics International Ltd. (Nasdaq: CHTP) zoomed higher 19.13 percent in price Monday to $7.16. Volume of 3,471,695 shares better than tripled its full-day average. The Charlotte-based CHTP announced it has completed a pre-NDA assessment with the FDA and intends to accelerate its new drug application (NDA) for NORTHERA™(droxidopa) for the treatment of symptomatic, neurogenic orthostatic hypotension.

Cisco Systems Inc. (Nasdaq: CSCO) was busy early Monday afternoon, trading in 26,465,845 shares, making headway against its daily average of 71,898,900. Share prices for CSCO crept ahead 0.69 percent to $19.68.

BioLase Technology Inc. (Nasdaq: BLTI) fell in price 11.05 percent Monday to $1.69, on volume of 64,212 shares, approaching its full-day average of 78,005. BLTI, based in Irvine, Calif., is the world’s leading dental laser manufacturer and distributor.

BASI soars, MI probed, BBX stumbles

Monday, December 20th, 2010

Bioanalytical Systems Inc. (Nasdaq: BASI) celebrated a hike of 23.97 percent in price Monday to $3.31. Volume of 193,397 shares overwhelmed its full-day average of 8,971. Indiana-based BASi is a pharmaceutical development services company providing contract research services and instruments and supplies to the world’s leading drug development companies and medical research organizations.

Marshall & Ilsley Corp. (NYSE: MI) traded in 33,286,748 shares Monday, more than doubling its daily average of 14,042,100. Share prices for MI skidded 3.65 percent, however, to $6.61. MI’s board of directors is under investigation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Marshall & Ilsley to BMO Financial Group in a transaction with a value of approximately $4.1 billion.

BankAtlantic Bancorp, Inc. (NYSE: BBX) found itself downward in price, 10.76 percent Monday to $1.41, on volume of 2,579,650 shares, or more than five times its full-day average. BBX is one of the largest financial institutions headquartered in Florida.

CEYY flies, UNDT busy, ECOC sheds

Monday, December 20th, 2010

Fresh Start Private Management Inc. (OTCBB: CEYY) leaped 221.43 percent Monday to 18 cents. Share volume was a whopping 1.46 million shares, more than 11 times its full-day average of 122,125. The Calif.-based CEYY is a leader in the alcohol treatment and rehabilitation industry.

Universal Detection Technology (OTCBB: UNDT) saw its shares fly off the shelves in early Monday afternoon trading, doing volume of 255.07 million shares, trampling its normal volume of just under 16 million. Prices for the stock rocketed up 66.67 percent to five-100ths of a cent. UNDT, based in Los Angeles and a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced today that it has entered into a distribution agreement with Brazil-based ORMAX Tecnologia em Seguranca.

Ecology Coatings Inc. (OTCBB: ECOC) slumped in early afternoon trade Monday, dumping 57.14 percent in price to 1.5 cents. Volume for the stock was 54,830 shares, compared to a daily average of 16,324. The Michigan-based ECOC is a leader in the discovery and development of nanotechnology-enabled, ultraviolet-curable advanced coatings.

ICGN moves upward, C busy, ULTR slips

Monday, December 20th, 2010

Icagen Inc. (Nasdaq: ICGN) vaulted 33.79 percent in price Monday to $1.94. Volume of 1,107,887 shares quadrupled its full-day average. The North Carolina-based drug company today provided an update on its sodium channel program for pain and related disorders, which is being conducted in collaboration with Pfizer.

Citigroup (NYSE: C) was a volume leader Monday, trading in 207,906,616 shares, making progress against its daily average of 556,140,000. Share prices for Citi eased 0.11 percent to $4.70. Citi today announced a multi-year renewal of its long-standing U.S. private label credit card partnership with The Children’s Place Retail Stores Inc., the largest pure-play children’s specialty apparel retailer in North America.

Ultrapetrol Ltd. (Nasdaq: ULTR) fell 13.95 percent Thursday to $6.45, on volume of 336,901 shares, five times its full-day average. Ultrapetrol announced today its intention to offer to sell, subject to market and other conditions, $60.0 million aggregate principal amount of its Convertible Senior Notes due 2017.

CGEN boosted, GE busy, CERP slides

Thursday, December 16th, 2010

Compugen Ltd. (NasdaqCM: CGEN) prospered 16.32 percent in price Thursday to $4.49. Volume of 488,799 shares swamped its daily average of 76,429 shares. CGEN this week announced that administration of CGEN-15001 in an animal model of rheumatoid arthritis (RA) dramatically ameliorates the clinical symptoms of the disease. These results, combined with earlier results in an animal model of multiple sclerosis (MS), strongly support the therapeutic potential of CGEN-15001 for multiple autoimmune diseases and inflammatory conditions.

General Electric Company (NYSE: GE) was a volume leader Thursday, trading in 52,211,672 shares, falling short of its daily average of 59,748,000. Share prices for GE nipped up 1.60 percent to $17.77. GE Capital Media, Communications & Entertainment today announced that it will serve as Administrative Agent for a new $230MM senior secured credit facility for Lightower Fiber Networks, a leading fiber network and broadband service provider in the Northeast. GE Capital Markets served as lead left bookrunner on the transaction, which closed November 30

Cereplast Inc. (NasdaqCM: CERP) fell 10.46 percent Thursday to close at $3.51, on volume of 99,792 shares, better by a half than its daily average. CERP is a leading manufacturer of proprietary bio-based, compostable and sustainable plastics.