THLD breaks down door, INTC active, DRWI scorched

Threshold Pharmaceuticals Inc. (Nasdaq: THLD) shares gained 16.9 percent to $2.01 Thursday. Volume was 606,335, triple its full-day volume average. THLD is a biotechnology company focused on the discovery and development of drugs targeting Tumor Hypoxia, the low oxygen condition found in microenvironments of most solid tumors.

Intel Corporation (Nasdaq: INTC) traded in 47,608,915 shares Thursday, catching up to its daily average of 55,807,500. Prices for the chip maker were off 0.3 percent to $21.24.

DragonWave Inc. (Nasdaq: DRWI) fell 15.4 percent Thursday to $7.33 Volume for the stock was 3,399,796 shares proved nearly seven times its full-day average. Wednesday, the Ottawa-based DRWI announced quarterly figures showing revenue of $27.0 million, compared with $51.6 million in the third quarter of fiscal year 2010. Net loss in the third quarter of fiscal year 2011 was $0.05 million, compared to net income of $11.6 million in the prior-year quarter.

Tags: biopharmaceuticals, communications, DRWI, healthcare, INTC, nasdaq, Technology Stocks, THLD

This entry was posted on Thursday, January 13th, 2011 at 1:29 pm by Glenn and is filed under Health Care Stocks, Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.