Posts Tagged ‘pharmaceutical stocks’

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MITD leaps, CCTR active, ASVP dives

Thursday, January 6th, 2011

MIT Holding Inc. (OTCBB: MITD) skyrocketed 340 percent in price to 11 cents Thursday. Volume was 469,670 shares, compared to an average of 16,877. MITD, through its three wholly owned subsidiaries, distributes wholesale pharmaceuticals, administers intravenous infusions, operates an ambulatory center where therapies are administered, and sells and rents home medical equipment.

China Crescent Enterprises Inc. (OTCBB: CCTR) traded widely Thursday, dealing in 89 million shares, compared to a daily average of 22.7 million. Share prices were 15-100ths of a cent, down 6.3 percent from Wednesday.

American TonerServ Corp. (OTCBB: ASVP) fell 48.6 percent in price Thursday to 72-100ths of a cent, on volume of 128,500 shares, compared with 43,346 shares normal average. ASVP is a leader in the highly fragmented $6-billion printer supplies and services industry.

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VRX jumps, NVDA busy, REE falls

Thursday, January 6th, 2011

Valeant Pharmaceuticals International (NYSE: VRX) grew 16 percent in price Thursday to $34.75. Volume of 13,353,461 shares nearly quadrupled normal volume. Canada-based VRX is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics.

NVIDIA Corp. (Nasdaq: NVDA) did lots of business late Thursday, with 68,704,486 shares traded, four times its daily average. Prices for the stock gained 11.7 percent to $18.97. NVIDIA today announced the expansion of its NVIDIA® 3D Vision™ ecosystem with the addition of new 3D-enabled PCs and monitors by Lenovo.

Rare Element Resources Ltd. (AMEX: REE) fell 13.7 percent in Thursday trading to $13.85. Volume for the stock was 9,941,563 shares, nearly doubling its daily average. REE announced final 2010 assay results from seven additional rotary (reverse circulation) holes drilled on the Sundance Gold Project, Wyoming.

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LXRX jumps, INTC high volume, KOOL cools

Thursday, January 6th, 2011

Lexicon Pharmaceuticals Inc. (Nasdaq: LXRX) shot 31.8 percent in price Thursday to $1.99. Volume was an astonishing 15,051,137 shares, whereas normal volume is below one million. The Texas-based biopharmaceutical concern announced data from a recently completed clinical trial and mechanistic study of a solid oral dose formulation for LX4211, a dual inhibitor of sodium-glucose co-transporters 1 and 2 (SGLT1 and SGLT2).

Intel Inc. (Nasdaq: INTC) traded in 69,323,510 shares, surpassing a full-day average of 54,361,400. Prices for the stock lost 1.2 percent to $20.69, as the fallout from the impending purchase of McAfee by Intel.

Thermogenesis Corp. (Nasdaq: KOOL) fell 11.6% to $3.28 Thursday, on volume of 358,525 shares, better than 3 ½ times its daily average. KOOL, a leading supplier of innovative products and services that process and store adult stem cells, said today it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC).

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NLS flexes muscle, PFE trades widely, CHGS fades

Wednesday, January 5th, 2011

Nautilus Inc. (NYSE: NLS) galloped ahead 23.4 percent in price Wednesday to $2.32. Volume of 594,877 shares nearly tripled its daily average. Headquartered in Vancouver, Wash., NLS is a fitness products company providing innovative, quality solutions to help people achieve a healthy lifestyle.

Pfizer Inc. (NYSE: PFE) was busy Wednesday, trading in 62,394,395 shares, beating by half its daily average. Prices for the stock gained 0.7 percent to $18.11.

China Gengsheng Minerals Inc. (AMEX: CHGS) dropped 14.9 percent Wednesday to $3.72, on volume of 6,463,930 shares, 4 1/2 times its daily average. CHGS, a leading China-based high-tech industrial materials manufacturer, today announced that it has entered into definitive agreements with several institutional investors for a registered direct placement of 2,500,000 shares of common stock at a price of $4.00 per share for gross proceeds of $10 million.

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GCFB jumps, ATHR sells, AEN ails

Wednesday, January 5th, 2011

Granite City Food & Brewery Ltd (Nasdaq: GCFB) climbed 28.8 percent in price Wednesday to $5.15. Volume of 435,825 shares proved more than 30 times its all-day average. GCFB is a Modern American, upscale casual restaurant chain that operates 26 restaurants in 11 states.

Atheros Communications Inc. (Nasdaq: ATHR) was busy Wednesday, trading in 59,373,397 shares, dwarfing its daily average of 2,139,870. Prices for the stock gained 1.1 percent to $44.50. The firm is under investigation related to the proposed buyout of Atheros by Qualcomm.

Adeona Pharmaceuticals Inc. (AMEX: AEN) dropped 17.3 percent Wednesday to $1.53, on volume of 1,034,404 shares, more than four times its full-day average. AEN is a developer of innovative medicines for serious central nervous system diseases, based out of Ann Arbor, Michigan.

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