Posts Tagged ‘pharmaceutical stocks’

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GENT far from spent, F steady, SHZ sheds

Wednesday, January 19th, 2011

Gentium SpA (Nasdaq: GENT) rocketed up 14.1 percent to $8.99 Wednesday afternoon. Volume of 154,050 shares proved four times its full-day average. Italian-based GENT is a biopharmaceutical company focused on the development and manufacture of drugs to treat and prevent a variety of diseases and conditions.

Ford Motor Company (NYSE: F) was among the top traders Wednesday, dealing in 59,850,360 shares, making headway on its full-day average of 83,462,800. Prices for F fell 4.5 percent, though, to $17.86.

China Shen Zhou Mining and Resources (AMEX: SHZ) settled in price 18.3 percent Wednesday to $6.63. Volume was 5,817,660 shares, surpassed its aevrage daily volume of 3,876,320. Wednesday, SHZ announced that it has entered into a securities purchase agreement with several institutional investors for a registered direct placement of approximately $20 million of common stock at a price of $7.05 per share.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Health Care Stocks | No Comments »

HEV has momentum, S popular, BDSI headed to court

Tuesday, January 18th, 2011

Ener1 Inc. (Nasdaq: HEV) showed a lot of energy Tuesday, advancing 23.6 percent in price to $4.55. Volume was a hefty 18,108,331, 30 times its full-day volume average. The lithium-ion battery maker announced it is teaming up with Wanxiang Electric Vehicle Group Ltd. to manufacture batteries for the Chinese market.

Sprint Nextel Corporation (NYSE: S) had busy trade, with 39,063,758 shares changing hands Tuesday, catching up on a full-day average of 53,171,100. Prices for the stock settled 1.2 percent to $4.39. Sprint said Tuesday that starting Jan. 30 it plans to charge an extra $10 a month for all smartphones getting unlimited data.

BioDelivery Sciences International (Nasdaq: BDSI) fell 13.1 percent to $3.32. Volume for the stock was 447,487 shares, nearly triple its all-day average. BDSI was one of several companies named Tuesday in a patent infringement lawsuit by MonoSol Rx, LLC.

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Posted in Health Care Stocks, Industrial Stocks, Technology Stocks | No Comments »

LEE leaps, MRK trades widely, MCZ struggles

Tuesday, January 18th, 2011

Lee Enterprises Inc. (NYSE: LEE) leaped 14.9 percent in price to $3.31. Volume was 808,866, or better than twice its full-day volume average, on reports the company enjoyed 38-percent better ad revenue in its first fiscal quarter.

Merck & Company Inc. (NYSE: MRK) was active Tuesday, dealing in 36,816,766 shares Thursday, better than twice its full-day average. Share prices were off, though, 0.8 percent to $33.95. Merck is teaming up with Ariad Pharmaceuticals on a drug to target cancerous tumors of the soft tissue or bone.

Mad Catz Interactive Inc. (AMEX: MCZ) skidded 16.5 percent to 96 cents, while volume for the stock was 2,819,600 shares, more than four times its all-day average. MCZ designs, manufactures, markets, and distributes accessories for videogame platforms, personal computers (PC), and iPod and other audio devices.

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Posted in Health Care Stocks, Technology Stocks | No Comments »

ARIA leaps, BAC busy, HDY takes beating

Tuesday, January 18th, 2011

Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) prospered 30.5 percent in price to $6.85. Volume was 10,153,861, or six times its full-day volume average, amid generally positive news in the drug sector.

Bank of America Corp. (NYSE: BAC) was an active trader Tuesday, dealing in 126,455,431 shares Thursday, compared to a full-day average of 228,170,000. Share prices were off, though, two percent to $14.95.

Hyperdynamics Corporation (AMEX: HDY) fell 16.9 percent Tuesday to $5.95. Volume for the stock was 7,220,720 shares, nearly five times its all-day average. Even so, experts point out that the shares are up more than an astonishing 500% over the past six months

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Posted in Energy Stocks, Financial Stocks, Health Care Stocks | No Comments »

MLOBF moves, WLSI does well, AXNO goes south

Tuesday, January 18th, 2011

Melo Biotechnology Holdings Inc. (OTCBB: MLOBF) sustained a 500-percent spike in price Tuesday to 12 cents. Shares traded totaled 47,000, or better than four times its full-day average. Melo International Holdings Limited develops trades and markets health products, which are mainly nutritional supplements, in Hong Kong.

Wellstar International Inc. (OTCBB: WLSI) traded in 40.5 million shares on Tuesday, making it among the volume leaders in micro-caps. Its full-day average is around 38 million. Prices for WLSI were flat at one-100th of a cent. Wellstar, through its wholly owned operating subsidiary Trillenium Medical Imaging, Inc.is poised to become a leading diagnostic company in the health-care industry.

Asherxino Corp. (OTCBB: AXNO) dipped in price 59.7 percent to 6.05 cents Tuesday. Volume was 45,000 shares, or triple its full-day volume average. AsherXino is an oil and gas company focused on both offshore and onshore prospects in Nigeria.

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Posted in Energy Stocks, Health Care Stocks | No Comments »

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