Tag - Cvtx

CV Therapeutics Inc. (Nasdaq:CVTX), Interwoven Inc. (Nasdaq:IWOV) and DryShips Inc. (Nasdaq:DRYS) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Palm Inc (Nasdaq:PALM), Apollo Investment Corp (Nasdaq:AINV), Eagle Bulk Shipping Inc (Nasdaq:EGLE), Ameristar Casinos Inc (Nasdaq:ASCA), Geron Corp (Nasdaq:GERN) and NetScout Systems Inc (Nasdaq:NTCT).

Synta Pharmaceuticals Corp. (Nasdaq:SNTA), CV Therapeutics Inc. (Nasdaq:CVTX) and James River Coal Co. (Nasdaq:JRCC) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Deckers Outdoor Corp. (Nasdaq:DECK), Eresearchtechnology Inc. (Nasdaq:ERES), Blue Coat Systems Inc. (Nasdaq:BCSI), Regency Energy Partners LP (Nasdaq:RGNC), Golar LNG (Nasdaq:GLNG) and National Penn Bancshares Inc. (Nasdaq:NPBC).

Palm Inc. (Nasdaq:PALM), UAL Corp. (Nasdaq:UAUA) and DrdGold ADR (Nasdaq:DROOY) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Geron Corp. (Nasdaq:GERN), CV Therapeutics Inc. (Nasdaq:CVTX), Force Protection Inc. (Nasdaq:FRPT), InfoSpace Inc. (Nasdaq:INSP), Clean Energy Fuels Corp. (Nasdaq:CLNE) and Red Robin Gourmet Burgers Inc. (Nasdaq:RRGB).

Wright Medical Group Inc (Nasdaq:WMGI), Palm Inc (Nasdaq:PALM) and Red Robin Gourmet Burgers Inc (Nasdaq:RRGB) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: CV Therapeutics Inc. (Nasdaq:CVTX), Neutral Tandem Inc. (Nasdaq:TNDM), Cubist Pharmaceuticals Inc. (Nasdaq:CBST), Geron Corp. (Nasdaq:GERN), Centennial Communications Corp. (Nasdaq:CYCL) and Zoran Corp. (Nasdaq:ZRAN).

Small-cap stocks pushed higher Tuesday, shrugging off record low consumer confidence as investors scavenged for bargains on beaten down bank and financial shares, hoping that President Obama’s pick to lead the Treasury will make quick moves to bolster bank balance sheets and mop up toxic assets. The Russell 2000 (NYSE:IWM) closed higher for the third consecutive session, gaining 5.53, or 1.23%, to 455.58. The Russell is still down 8.8% for the year, while the Dow is off 6.8% and the S&P 500 is down 6.3%.

Timothy Geithner – Obama’s nominee to head the Treasury Department – was finally confirmed by lawmakers late Monday and investors are hoping he will move rapidly to utilize government funds to help out banks. Obama himself even said today that the government will need to step up to help out banks with troubled assets, which was the original purpose of the TARP bailout plan before getting sidetracked during the waning days of the Bush Administration. The prospect of a “bad bank” set up to absorb troubled assets was back in play today, with Senate Banking Committee Chairman Chris Dodd saying the idea made “some sense.”

For the day, bank stocks were up 3.3%, while financial shares gained 3.5%. But the upside progress wasn’t necessarily spread all around as retail stocks, airlines and some commodity groups struggled. The S&P Retail Index dipped 1.3%, with home-related retailers struggling. The AMEX Airline Index tumbled 6.9%, with Delta Air Lines Inc. (NYSE:DAL), the world’s largest carrier, going into a 20% tailspin after releasing crummy earnings.

Gold stocks also took a nosedive today, and commodities in general were struggling, even though the U.S. dollar was pretty much flat against the euro and yen. The Commodity Research Bureau Index fell some 3% on the day, powered by a big decline in crude oil prices. The market for “black gold” tumbled 9%, or $4.15 a barrel, to $41.58, pressured by worries about demand amid the recession and . . .

CV Therapeutics Inc. (Nasdaq:CVTX), EPIQ Systems Inc. (Nasdaq:EPIQ) and Tailwind Financial Inc. (Nasdaq:TNF) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.

CV Therapeutics Inc. (Nasdaq:CVTX), Parexel International Corporation (Nasdaq:PRXL) and Sun Healthcare Group Inc. (Nasdaq:SUNH) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: TranS1 Inc. (Nasdaq:TSON), Carpenter Technology Corp. (Nasdaq:CRS), Global Traffic Network Inc. (Nasdaq:GNET), Federal Mogul Corp. (Nasdaq:FDML), Pulaski Financial Corp. (Nasdaq:PULB) and MDS Inc. (Nasdaq:MDZ).

Small-cap stocks edged higher as earnings were a little better than feared (though still weak overall) and as investors are hoping for quick action from the Treasury Department now that the confirmation of Obama’s new Treasury leader has been wrapped up. However, soft readings on consumer confidence appeared to stall buying interest. Some of today’s small-cap gainers were CV Therapeutics Inc. (Nasdaq:CVTX), Volterra Semiconductor Corp. (Nasdaq:VLTR) and Parexel International Corp. (Nasdaq:PRXL).

Other Market Watch highlights today included:

• The chart picture for small caps shows that the market is trapped in a mini-range loosely defined by the inauguration day collapse.  
• Copper took a 5% nosedive in overseas trading, which is a troubling sign for the economy as copper is a key ingredient in building.  
• On Thursday, new home sales data will help provide further information about the housing market.  
• The Case-Shiller Home Price Index fell 2.2% in November from the previous month and was down 18.2% from year-ago levels. 

Small Cap Gainers:

• CV Therapeutics Inc. rose 41% on news that the biotech company will be purchased for $16 a share, or $1 billion, by Japanese firm Astellas Pharma Inc. See (Nasdaq:CVTX).
• Volterra Semiconductor Corp. rose 21% after reporting earnings. See (Nasdaq:VLTR).
• Parexel International Corp. rose 16% as the biopharma firm gapped higher following earnings news. See (Nasdaq:PRXL).  

Small Cap Losers:

• Whiting Petroleum Corp. tumbled 15% as the gas company announced plans for a public offering of 8 million shares of common stock. See (NYSE:WLL). 

Small-cap stocks edged higher as earnings were a little better than feared (though still weak overall) and as investors are hoping for quick action from the Treasury Department now that the confirmation of Obama’s new Treasury leader has been wrapped up. However, soft readings on consumer confidence appeared to stall buying interest. At 10:05 a.m. ET, the Russell 2000 (NYSE:IWM) was up 2.34, or 0.52%, at 452.40.

The consumer confidence report came in at 37.7, below the forecast of 39, and which pulled equity markets slightly off the early highs. Earlier today, the Case-Shiller Home Price Index fell 2.2% in November from the previous month and was down 18.2% from year-ago levels, which marks a record decline in home values. The month-over-month decline was slightly worse than forecast, but the stock index futures seemed to weather the data well ahead of the opening. Although this data series looks gloomy, Monday’s existing home sales report came in above expectations and helped fuel a rise in equities. On Thursday, new home sales data will help provide further information about the housing market.

Some of the early rise in equities was tied to optimism that the Treasury Department will now act quickly to bolster bank balance sheets and fuel lending now that Timothy Geithner has been confirmed to the top post at the Treasury.

Earnings news this morning was mixed, with Texas Instruments Inc. (NYSE:TXI) missing the forecast, but the stock was holding steady shortly after the opening. Du Pont and Co. (NYSE:DD) lowered the 2009 outlook and was off about 1% this morning, while Verizon Communications (NYSE:VZ) basically met the forecast, but was down 5%. On the upside, United States Steel Corporation (NYSE:X) released strong results and rose 7%.

Crude oil futures fell about $2 a barrel shortly after the opening, pulled down by worries about growing inventories ahead of the weekly stockpile tally from the American Petroleum Institute this afternoon and the Energy Information Association on Wednesday. Oil stocks were a strong performer Monday despite sloppy . . .

DryShips Inc. (Nasdaq:DRYS), JA Solar Holdings Co Ltd. (Nasdaq:JASO) and Zhongpin Inc. (Nasdaq:HOGS) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: CV Therapeutics Inc. (Nasdaq:CVTX), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), i2 Technologies Inc. (Nasdaq:ITWO), THQ Inc. (Nasdaq:THQI), Clean Energy Fuels Corp. (Nasdaq:CLNE) and GT Solar International Inc. (Nasdaq:SOLR).

Here are the most actively traded companies among small caps:

DryShips Inc. (Nasdaq:DRYS), CV Therapeutics Inc. (Nasdaq:CVTX) and Internet Gold-Golden Lines Ltd. (Nasdaq:IGLD) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Finish Line Inc. (Nasdaq:FINL), Canadian Solar Inc. (Nasdaq:CSIQ), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), Sun Healthcare Group Inc. (Nasdaq:SUNH), Iconix Brand Group Inc. (Nasdaq:ICON) and Atlas America Inc. (Nasdaq:ATLS).

Here are the most actively traded companies among small caps:

Cal-Maine Foods Inc. (Nasdaq:CALM), Evergreen Solar Inc. (Nasdaq:ESLR) and Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: TBS International Ltd. (Nasdaq:TBSI), A Power Energy Generation Systems Ltd. (Nasdaq:APWR), TiVo Inc. (Nasdaq:TIVO), China Finance Online Co Ltd. (Nasdaq:JRJC), James River Coal Co. (Nasdaq:JRCC) and CV Therapeutics Inc. (Nasdaq:CVTX).

Here are the most actively traded companies among small caps:

Sciele Pharma Inc. (Nasdaq:SCRX), Isle of Capri Casinos Inc. (Nasdaq:ISLE) and Ameristar Casinos Inc. (Nasdaq:ASCA) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Odyssey Healthcare Inc. (Nasdaq:ODSY), Progenics Pharmaceuticals Inc. (Nasdaq:PGNX), Avid Technology Inc. (Nasdaq:AVID), Salix Pharmaceuticals Ltd. (Nasdaq:SLXP), Morgans Hotel Group Co. (Nasdaq:MHGC) and CV Therapeutics Inc. (Nasdaq:CVTX).

Here are the most actively traded companies among small caps:

PharmaNet Development Group Inc. (Nasdaq:PDGI), Salix Pharmaceuticals, Ltd. (Nasdaq:SLXP) and Shutterfly, Inc. (Nasdaq:SFLY) are among the most actively traded companies in Thursday's pre-market trading among those with market capitalizations under $750 million.

Jos. A. Bank Clothiers, Inc. (Nasdaq:JOSB), CV Therapeutics, Inc. (Nasdaq:CVTX) and InterMune, Inc. (Nasdaq:ITMN) are also among the most actively traded small-cap companies in pre-market trading.

Here are the most actively traded small-cap companies in Thursday's pre-market trading:

Pozen Inc. (Nasdaq:POZN), CPI Corp. (NYSE:CPY) and Excel Maritime Carriers Ltd. (NYSE:EXM) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $750 million.

EnerNOC, Inc. (Nasdaq:ENOC), America Service Group Inc. (Nasdaq:ASGR) and CV Therapeutics, Inc. (Nasdaq:CVTX) are also among the top small-cap percentage gainers.

Here are Wednesday's biggest percentage gainers among small caps:

Shares of CV Therapeutics, Inc. (Nasdaq:CVTX) are leaping in pre-market trading after the biopharmaceutical company said after Tuesday’s close that TPG-Axon Capital has agreed to pay up to $185 million in exchange for rights to 50% of CV Therapeutics' royalty on North American sales of Lexiscan injection, pharmacologic stress agent. The small cap said it received $175 million on closing of the transaction and could receive a potential future milestone payment of $10 million.

Shares surged 18%, or $1.37, to $8.82 in pre-market trading. For detailed price information and recent news stories about CV Therapeutics, click CVTX.  

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million:


• POZEN Inc. (Nasdaq:POZN), up 41% on news its migraine drug has won approval from the U.S. Food and Drug Administration.
• CV Therapeutics, Inc. (Nasdaq:CVTX), up 20% on news it has sold the rights to one of its drugs.
• AgFeed Industries, Inc. (Nasdaq:FEED), up 8% on news it has purchased majority stakes in commercial hog farms in southern China.


• National Coal Corp. (Nasdaq:NCOC), down 3% despite news of a narrower fourth-quarter loss.
• NutriSystem Inc. (Nasdaq:NTRI), down 2%.
• Synchronoss Technologies, Inc. (Nasdaq:SNCR), down 1%.

Pozen Inc. (Nasdaq:POZN), Sigma Designs, Inc. (Nasdaq:SIGM) and AgFeed Industries, Inc. (Nasdaq:FEED) are among the most actively traded companies in Wednesday's pre-market trading among those with market capitalizations under $750 million.

Akeena Solar, Inc. (Nasdaq:AKNS), Geron Corp. (Nasdaq:GERN) and CV Therapeutics, Inc. (Nasdaq:CVTX) are also among the most actively traded small-cap companies in pre-market trading.

Here are the most actively traded small-cap companies in Wednesday's pre-market trading:

The Russell 2000 (NYSE:IWM) futures are lower but have been moving up following mixed economic and financial news.

The bears and the bulls are doing battle in pre-market trading. The bears are reacting to news this morning that Wachovia Corp. (NYSE:WB) swung to a first-quarter loss. The Charlotte, N.C.-based bank will sell common and preferred stock to raise money.

Futures fell but started improving on news before the opening that U.S. retail sales unexpectedly rose 0.2% in March, according to the U.S. Census Bureau. Economists were expecting sales to stay flat.

The Russell 2000 came under heavy selling pressure Friday, sinking 19.26, or 2.72%, to 688.16. Look for key support Monday at 681, then down at 672. On the upside, resistance is at 696, then at 705 and 712.

This week is full of big economic releases and the Retail Sales data could set the tone for the week ahead. The 10:00 a.m. ET Business Inventories report doesn’t carry the kind of volatility of the Retail Sales release, but could spark a mild bobble in equities.

CV Therapeutics, Inc. (Nasdaq:CVTX), Geron Corp. (Nasdaq:GERN) and ANADIGICS, Inc. (Nasdaq:ANAD) are among the most actively traded companies in Friday's pre-market trading among those with market capitalizations under $750 million.

China Techfaith Wireless Comm. Tech. Ltd. (Nasdaq:CNTF), China Sunergy Co., Ltd. (Nasdaq:CSUN) and Zoran Corp. (Nasdaq:ZRAN) are also among the most actively traded small-cap companies in pre-market trading.

Here are the most actively traded small-cap companies in Friday's pre-market trading:

Shares of CV Therapeutics, Inc. (Nasdaq:CVTX) are treading higher this morning after the biopharmaceutical company said late Thursday night that the U.S. Food and Drug Administration approved the company’s and Astellas Pharma US’s lexiscan injection for use as a stress agent in radionuclide myocardial perfusion imaging, a test that detects and characterizes coronary artery disease in patients unable to undergo adequate exercise stress.

Shares gained 9%, or $0.72, to $8.75 in pre-market trading. For detailed price information and recent news stories about CV Therapeutics, click CVTX.

The Russell 2000 (NYSE: IWM) is lower on economic news that makes a recession more likely. At 1:13 p.m. ET, the small-cap index had declined 0.71 points, or 0.10%, to 685.47. The Dow Jones Industrial Average (INDU) was down 22.47 points, or 0.18%, to 12,243.92.

A recession seems more likely now, following reports showing a decline in construction spending and manufacturing.

Factory activity fell to 48.3 in February from 50.7 in January, the Institute for Supply Management reported after the start of trading. Economists were expecting to see a steeper decline. Readings below 50 indicate a contraction.

Meanwhile, the U.S. Census Bureau reported after the opening that construction spending fell more than expected in January, its forth consecutive drop. The numbers show a 1.7% monthly decline to a seasonally adjusted annual rate of $1.121 trillion. Residential construction is down the most, reflecting the ongoing stagnation in the U.S. housing sector.

On a year-over-year basis, total constriction spending is down 3.3%.

Shares of Clearwire Corp. (Nasdaq: CLWR), which builds and operates wireless broadband networks that enable Internet communications, have added 3%.

The Russell 2000 (NYSE: IWM) sagged slightly on mixed economic news. The small-cap index fell 0.88 points, or 0.12%, to 716.44. The Dow Jones Industrial Average (INDU) gained 9.36 points, or 0.07%, to 12,694.28.

On a year-to-date basis, the Russell 2000 has declined 6.47%, while the Dow is down 4.30% and the S&P 500 has let go 6.02%.

Small-cap stocks went both up and down today but closed little changed as investors digested a handful of economic data.

The index opened down on news that durable goods fell 5.3% in January, according to the U.S. Census Bureau. Economists were expecting to see a 4% decline following a downwardly revised increase of 4.4% in December.

A separate report showed that new home sales for January also fell more than expected, underscoring the problems in the housing sector.

At around 10:30 a.m. ET, the Russell 2000 moved into the green as U.S. Federal Reserve chairman Ben Bernanke hinted to members of the House Financial Services Committee that the Fed might lower its target federal funds rate when it next meets on March 18.

More good news came when government regulators from the Office of Federal Housing Enterprise Oversight announced they will remove the investment caps of mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).

But the bulls lost their footing and the small-cap index fell to its lowest level of the session at around 2:30 p.m. ET, before a rebound moved it back up to its starting position.

CV Therapeutics, Inc. (Nasdaq: CVTX) shares are plunging after the biopharmaceutical company reported a fourth-quarter loss of $34.1 million, or $0.57 per share, compared with a loss of $68.1 million, or $1.18 per share, a year earlier. Analysts expected a loss of $0.51 per share.

The cardiovascular drug developer’s quarterly profit was hurt by costs associated with job cuts and higher cost of sales for the angina drug Ranexa. Quarterly revenue rose to $22.4 million, from $12.7 million during the prior-year period. Wall Street analysts projected revenue of $21.7 million.

In Wednesday’s trading, CVTX shares were down 20.15%, or $1.57, at $6.22. Over the last 52 weeks, shares have ranged from $6.13 to $13.74.

The Russell 2000 (NYSE: IWM) futures are pointing down and the small-cap index will open lower on news of weak retail sales.

Small-cap stocks are set for a bearish opening following news of weak December retail sales. Among the big name retailers seeing disappointing sales is Target Corp. (NYSE: TGT), which reported that net sales for the five weeks ended Jan. 5 increased a paltry 0.1%, compared with 0.6% a year earlier.

Weak retail sales could be a sign of a decline in consumption, a development which could have negative consequences for economic growth since consumption is about 70% of U.S. gross domestic product.

Elsewhere, investors will be paying attention to a speech by U.S. Federal Reserve Chairman Ben Bernanke at 1 p.m. ET.

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million:


• Spectrum Control, Inc. (SPEC), up 5% on news of a positive business outlook for fiscal 2008.
• LanOptics Ltd. (LNOP), up 4%.
• O2Micro International Ltd. (OIIM), up 3%.


• West Marine, Inc. (WMAR), down 7% on news of a decline in fourth-quarter same-store sales.
• CV Therapeutics, Inc. (CVTX), down 6%.
• Canadian Solar Inc. (CSIQ), down 6%.

 

Shares of Stemcells Inc. (Nasdaq: STEM) have appreciated on news this morning that the pharmaceutical company has successfully completed enrollment for a Phase I clinical trial of its treatment for Batten disease, a fatal disorder of the nervous systems. Shares are up $0.02, or 1%, to $2.46.

Shares of Canadian pharmaceutical company Labopharm Inc. (Nasdaq: DDSS) are higher following news over the weekend that it has received a notice of compliance from regulators for its pain management tablets and can now begin marketing. Shares are up $0.16, or 6%, to $2.89.

Stocks are posting mild gains on news of conflicting economic data on monthly home sales and durable goods.  In small cap action, shares of EVCI Career Colleges Incorporated (Nasdaq: EVCI) jumped on news of a debt restructuring, while Charles & Colvard, Ltd. (Nasdaq: CTHR) fell on disappointing quarterly earnings.

At 11:07 AM the Russell 2000 was up 1.58 points, or 0.19 percent, to 827.94.  The Dow Jones Industrial Average had added 49.49 points, or 0.38 percent, to 13,003.43.

The following are the most actively traded companies in pre-market trading among those with market capitalizations under $500 million (at 8:43 ET):