Posts Tagged ‘pharmaceutical stocks’

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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.

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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.

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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.

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MITD soars, WLSI high volume, SGGV slumps

Thursday, December 16th, 2010

MIT Holding Inc. (OTCBB: MITD) climbed 400 percent Thursday to 3.5 cents. Volume was 15,120 shares, eclipsing its full-day average of 6,023. The Company, 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.

Wellstar International Inc. (OTCBB: WLSI) traded widely in 71.22 million shares, outdistancing its daily average of 66.6 million. Prices were flat, though, at one-100th of a cent. WLSI is a provider of specialized diagnostic software and equipment.

Sterling Group Ventures Inc. (OTCBB: SGGV) plummeted 53.85 percent Thursday to six cents. Volume for the stock was 89,500, trampling a daily average of 3,415.

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TGLO skyrockets, LFBG leads volume pack, MITD bruised

Wednesday, December 15th, 2010

TheGlobe.com Inc. (OTCBB: TGLO) shot out of the gates Wednesday like a rocket, gaining 133.33 percent to 28-100ths of a cent. Volume was 49,000 shares, better than half its volume of 82,865 on an average day.

Left Behind Games Inc. (OTCBB: LFBG) tumbled off the shelves Wednesday, trading in 57.38 million shares, catching up on its full-day average of 93.65 million. Prices fell, though, by 15.38 percent to 33-100ths of a cent. The company sells games and videos with a Christian theme.

MIT Holding Inc. (OTCBB: MITD) stumbled 65 percent in price to seven-10ths of a cent, on volume of 124,500 shares, more than 10 times its full-day average. The Company, 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.

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