Tag - Mdvn

Palm Inc (Nasdaq:PALM), Medivation Inc (Nasdaq:MDVN), JA Solar Holdings Co (Nasdaq:JASO) and Take Two Interactive Software (Nasdaq:TTWO) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Western Refining Inc (Nasdaq:WNR), ADC Telecommunications (Nasdaq:ADCT), Seqenom Inc (Nasdaq:SQNM), Pier 1 Imports Inc (Nasdaq:PIR) and Southwest Water Co (Nasdaq:SWWC).

Medivation Inc. (Nasdaq:MDVN), Blue Coat Systems Inc. (Nasdaq:BCSI) and Star Bulk Carriers Corp. (Nasdaq:SBLK) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: MAP Pharmaceuticals Inc. (Nasdaq:MAPP), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), Take Two Interactive Software Inc. (Nasdaq:TTWO), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), CardioNet Inc. (Nasdaq:BEAT) and A Power Energy Generation Systems Ltd. (Nasdaq:APWR).

Clean Energy Fuels Corp. (Nasdaq:CLNE), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) and America's Car-Mart Inc. (Nasdaq:CRMT) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Medivation Inc. (Nasdaq:MDVN), Savvis Inc. (Nasdaq:SVVS), China Sunergy Co Ltd. (Nasdaq:CSUN), Westport Innovations Inc. (Nasdaq:WPRT), ShengdaTech Inc. (Nasdaq:SDTH) and OraSure Technologies Inc. (Nasdaq:OSUR).

Here are the most actively traded companies among small caps:

Medivation Inc. (Nasdaq:MDVN), First Financial Corp.(Nasdaq:THFF) and Trex Co. (Nasdaq:TWP) are among the new 52-week highs in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Ciber Inc. (Nasdaq:CBR), Republic First Bancorp Inc. (Nasdaq:FRBK), Idenix Pharmaceuticals Inc. (Nasdaq:IDIX), American CareSource Holdings Inc. (Nasdaq:XSI), CombiMatrix Corp. (Nasdaq:CBMX) and NPS Pharmaceuticals Inc. (Nasdaq:NPSP).

Here are the new 52-week highs among small caps:

Lincoln Bancorp (Nasdaq:LNCB), Western Refining Inc. (Nasdaq:WNR) and Medivation Inc. (Nasdaq:MDVN) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Newport Corp. (Nasdaq:NEWP), Timberland Co. (Nasdaq:TBL), Noble International Ltd. (Nasdaq:NOBL), Banner Corp. (Nasdaq:BANR), Chemgenex Pharm (Nasdaq:CXSP) and United Natural Foods Inc. (Nasdaq:UNFI).

Here are the biggest percentage gainers among small caps:

Small-cap stocks turned higher shortly after the opening, underpinned by a decline in crude oil prices, which helped offset some overnight concerns about the closure of a large hedge fund. At 10:02 a.m. ET, the Russell 2000 (NYSE:IWM) was up 3.66, or 0.50%, at 742.16.

The factory orders report came in at 1.3%, which was above the forecast of 1%. The data was for the July time frame, so it’s a little dated. Stocks edged higher after the report, but this particular report tends to have a muted impact on trading direction for stocks or currencies.

Earlier this morning, the weekly MBA Mortgage Applications Index climbed 7.5%, the refinance index was up 2.1% and the purchase index rose 10.5%, which hints at a modest upside pop in mortgage activity as the fixed rate dipped about 0.05% to 6.39%.

In other economic activity news, MasterCard Advisors said that shoppers reduced spending on clothes and shoes over what should have been a big back-to-school season in August, instead spending money on food and gasoline.

Ospraie Management LLC, announced plans to close its biggest hedge fund, with holdings estimated at some $2.8 billion dollars. The fund was thought to have significant exposure to equities with commodity themes and has been losing money at an alarming clip in recent months. Ospraie will still hold other hedge funds with large investments, but the fund in question has ties to Lehman Brothers Holdings Inc. (NYSE:LEH) as the investment bank has an estimated 20% stake in the fund. There are concerns that this news won’t help Lehman’s effort to raise capital or find a buyer and overshadowed news reports overseas that HSBC, another Chinese bank and several hedge funds were interested in taking a stake in the beleaguered . . .

Medivation Inc. (Nasdaq:MDVN), Gilat Satellite Networks Ltd. (Nasdaq:GILT) and RTI Biologics Inc. (Nasdaq:RTIX) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Neurocrine Biosciences Inc. (Nasdaq:NBIX), TiVo Inc. (Nasdaq:TIVO), China Sunergy Co Ltd. (Nasdaq:CSUN), James River Coal Co. (Nasdaq:JRCC), Sykes Enterprises Inc. (Nasdaq:SYKE) and ShengdaTech Inc. (Nasdaq:SDTH).

Here are the most actively traded companies among small caps:

Biopharmaceutical company Medivation, Inc. (Nasdaq:MDVN) said this morning that it will collaborate with drug juggernaut Pfizer Inc. (NYSE: PFE) to develop and commercialize Dimebon, Medivation’s investigational drug for treatment of Alzheimer’s disease and Huntington’s disease. Dimebon is currently being evaluated internationally in a confirmatory Phase III trial in patients with mild-to-moderate Alzheimer’s disease. 

Shares leaped 29%, or $7.47, to $33.50 in pre-market trading on heightened volume. For detailed price information and news stories on Medivation, click MDVN.

Starrett LS Co. (Nasdaq:SCX), First Financial Corp. (Nasdaq:THFF) and Sciele Pharma Inc. (Nasdaq:SCRX) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.         

Also included among the results: CombiMatrix Corp. (Nasdaq:CBMX), Standex International Corp. (Nasdaq:SXI), Home Diagnostics Inc. (Nasdaq:HDIX), Medivation Inc. (Nasdaq:MDVN), DXP Enterprises Inc. (Nasdaq:DXPE) and Datascope Corp. (Nasdaq:DSCP).         

Here are the new 52-week highs among small caps: 

PeopleSupport Inc (Nasdaq:PSPT), New Century Bancorp Inc (Nasdaq:NCBC) and Tollgrade Communications Inc (Nasdaq:TLGD) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: US Airways Group Inc (Nasdaq:LCC), Medivation Inc (Nasdaq:MDVN), Astronics (Nasdaq:ATRO), Transition Therapeutics Inc (Nasdaq:TTHI), NewMarket Corp (Nasdaq:NEU) and Aixtron ADR (Nasdaq:AIXG).

Here are the biggest percentage gainers among small caps:

SemGroup Energy Partners LP (Nasdaq:SGLP), UAL Corp (Nasdaq:UAUA) and Gmarket Inc (Nasdaq:GMKT) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Medivation Inc (Nasdaq:MDVN), Crocs Inc (Nasdaq:CROX), ValueClick Inc (Nasdaq:VCLK), Overstock.com Inc (Nasdaq:OSTK), Canadian Solar Inc (Nasdaq:CSIQ) and ViroPharma Inc (Nasdaq:VPHM).

Here are the most actively traded companies among small caps:

Biopharmaceutical company Medivation Inc. (Nasdaq:MDVN) said after Thursday’s close it had positive results in its testing of the drug Dimebon in the treatment of Alzheimer’s disease. The results showed that patients who received the treatment who had mild-to-moderate Alzheimer’s showed statistically significant improvements compared to those who took the placebo. The San Francisco-based company said patients saw benefits from the drug after six months and continued to improve up to a year.

In today’s pre-market trading, shares of Medivation are mostly flat, up $0.54 to $19.15. During the past 52 weeks, shares have ranged from $11.53 to $25.06.

Medivation Inc (Nasdaq:MDVN), Solarfun Power Holdings Co Ltd (Nasdaq:SOLF) and Sequenom Inc (Nasdaq:SQNM) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Canadian Solar Inc (Nasdaq:CSIQ), ViroPharma Inc (Nasdaq:VPHM), Given Imaging Ltd (Nasdaq:GIVN), True Religion Apparel Inc (Nasdaq:TRLG), Quest Energy Partners L P (Nasdaq:QELP) and RAM Energy Resources Inc (Nasdaq:RAME).

Here are the most actively traded companies among small caps:

Medivation Inc. (Nasdaq:MDVN) is up more than 3% in pre-market trading today after the biopharmaceutical company announced after the close on Monday that Dimebon, an investigational drug, had improved brain function in patients with mild forms of Huntington’s disease during Phase 2 trials. Huntington’s affects brain cells and leads to uncontrollable movements and loss of cognitive function. The drug is now being tested on patients with Alzheimer’s, the San Francisco-based company said.

Ahead of the opening bell today, Medivation shares are at $12.50, up $0.44 or 3.65%, from Monday’s close.

The Russell 2000 (NYSE:IWM) futures are higher and the small-cap index will likely open in the green.

Producer prices, the selling prices received by domestic producers for their output, rose 1.1% in March, the U.S. Labor Department reported this morning. Economists were expecting a more modest increase of 0.6%.

In other bullish economic news, the New York Federal Reserve announced this morning that its manufacturing survey showed an increase in April, defying expectations of a decline.

The Russell 2000 edged lower Monday, stalling in the morning just below the 20-day moving average, and by the close losing 2.09, or 0.30%, to 686.07. The market is fast approaching important support along the 681 zone. Below there, the next support comes in at 672 and 666. On the upside, resistance is pegged today at 695, then at 704.

The economic calendar is quiet the rest of the day, allowing traders to focus on earnings news and other events.

The Russell 2000 (NYSE: IWM) futures have plunged and the small-cap index will open in negative territory.

Futures are lower and investors are nervous following news that troubled investment bank Bear Stearns (NYSE: BSC) has been sold for just $2 per share. A year ago the New York-based company, which had been severely affected by the meltdown in the subprime mortgage sector, was worth over $170 per share.

There are fears of a domino affect that could spread the pain to other investment banks and financial institutions.

The U.S. Federal Reserve responded on Sunday by lowering its discount rate, the rate at which commercial banks borrow from the Fed, to 3.25% from 3.50%.

The Russell 2000 tumbled again Friday, capping an up-and-down week that ended only fractionally higher than where it began. On Friday, the index was down 16.81, or 2.47%, to 662.90. Look for support today just below the market at 660, while critical support remains along the 650 zone. On the upside, resistance is at 668, then a vacuum up to 678 and 684.

There could be some morning volatility into the opening. The 9:15 a.m. Industrial Production data could introduce some volatility into the mix.

The Russell 2000 (NYSE: IWM) futures are pointing higher and the small-cap index will likely open in positive territory.

Small-cap stocks are poised for a bullish opening following news that durable goods orders for December increased more than expected.

The U.S. Census Bureau reported that orders for durable goods rose 5.2% in December. That’s more than the projected increase of 2.1% and above the revised growth of 0.5% in November. The data for November originally showed a decline of 0.1%.

The numbers also show that orders for nondefense capital goods excluding aircraft, a key measure of business equipment spending, added 4.4% after posting a decline of 0.2% in November.

Investors will be awaiting data on consumer confidence in December, to be released by the Conference Board at 10 a.m. ET.

The statistics will also be watched by the U.S. Federal Reserve, which kicks off a two-day policy meeting. An announcement will be made on Wednesday, with most observers expecting the Fed to lower its target interest rate.

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

Biggest percentage gainers:

• TBS International Ltd. (TBSI), up 8%.
• Medivation, Inc. (MDVN), up 6% on Monday’s news that it plans to start a Phase III trial of an Alzheimer’s drug.
• Ness Technologies, Inc. (NSTC), up 5% on news it has signed a settlement deal in a long-running arbitration case.

Biggest percentage losers:

• LECG Corp. (XPRT), down 19% on news of a fourth-quarter net loss.
• ICU Medical, Inc. (ICUI), down 16% on news of a decline in fourth-quarter profit.
• NightHawk Radiology Holdings, Inc. (NHWK), down 13% despite news of a rise in preliminary year-end net income.

The Russell 2000 (NYSE: IWM) futures are pointing lower and the small-cap index is poised for a decline.

Small-cap stocks are headed for a bearish opening at the start of a week that will see a number of important economic releases, as well as the U.S. Federal Reserve’s decision on interest rates, which will be announced at the conclusion of a two-day meeting on Wednesday.

The only thing on the docket is a report on new homes sales for December. The U.S. Census Bureau will release the numbers at 10 a.m. ET, with economists expecting to see a decline.

Concerns about the U.S. economy are dominant this morning, with fast food chain operator McDonald’s Corp. (NYSE: MCD) reporting that sales at restaurants open at least 13 months were unchanged in December, while analysts were expecting a rise.

Similarly, Towson, Md.-based power tool maker The Black & Decker Corp. (NYSE: BDK) forecasted that its first-quarter profit will disappoint analysts.

The Russell 2000 (NYSE: IWM) is in the green even though news of a sharp decline in November consumer confidence shaved earlier gains.

At 10:37 a.m. ET, the small-cap index had added 4.24 points, or 0.58%, to 739.31. The Dow Jones Industrial Average (INDU) had advanced 115.34 points, or 0.91%, to 12,858.78.

Wall Street was bullish before the start of trading on news that Citigroup Inc. (NYSE: C) has sold 4.9% of itself to the Abu Dhabi Investment Authority for $7.5 billion. The cash infusion will allow the largest U.S. bank to better deal with losses accumulated through bets on securities backed by subprime mortgages.

New York-based Citigroup posted a loss during the third quarter, hurt by more than $6 billion in writedowns. The bank could face even larger losses in the fourth quarter.

Futures were pointing higher and small and large-cap stocks rose out of the gate.

But the rally quickly lost steam after 10 a.m. ET, when the Conference Board announced a larger-than-expected drop in consumer confidence for November.

The Russell 2000 (NYSE: IWM) and the Dow fell today on news of rising mortgage defaults and credit market losses. The small-cap index dropped 19.96 points, or 2.64%, to 735.07. The Dow Jones Industrial Average (INDU) let go 237.44 points, or 1.83%, to 12,743.44.

On a year-to-date basis, the Russell 2000 has shed 6.65%, while the Dow has added 2.16% and the S&P 500 is down 0.66%.

Stocks posted big losses today following news that HSBC Holdings PLC (NYSE: HBC) could face billions in losses and Citigroup Inc. (NYSE: C) is planning job cuts in a move to return to profitability.

London-based HSBC may have to absorb losses of up to $12 billion due to bets placed on securities backed by subprime mortgages, according to an analyst from Goldman Sachs Group, Inc. (NYSE: GS). HSBC, which is Europe’s largest bank, may also need to rescue two of its funds by putting $45 billion of their assets onto its balance sheet.

More bad news came from Citigroup, which announced that it is looking for ways to improve efficiency and cut costs in order to return to profitability after mortgage writedowns led it to report a loss in its most recent quarter

Although Citigroup, the largest U.S. bank, did not say how many of its over 300,000 employees will be getting pink slips, a news report from business news channel CNBC put the figure at between 17,000 and 45,000.

The fact that two of the world’s largest banks are in the crosshairs of the fallout from the subprime mortgage meltdown scared investors and put stocks on the downward trajectory.

The Russell 2000 opened in positive territory but reversed course within an hour after the start of trading, while the Dow stayed on both sides of the flat line until about 1 p.m. ET, when the bears established their dominance.

The Russell 2000 (NYSE: IWM) and the other major U.S. indices are in negative territory due to more credit concerns. At 2:37 p.m. ET, the small-cap index had lost 9.27 points, or 1.23%, to 745.76. The Dow Jones Industrial Average (INDU) was missing 50.81 points, or 0.39%, to 12,930.07.

The bears have returned to action this afternoon following news that HSBC Holdings PLC (NYSE: HBC), Europe’s largest bank, may need to rescue two of its funds by putting $45 billion of their assets onto its balance sheet.

Additionally, the London-based financial services giant may face losses of up to $12 billion due to bets placed on securities backed by subprime mortgages, according to an analyst from Goldman Sachs Group, Inc. (NYSE: GS).

The news once again demonstrates that losses associated with the meltdown in the subprime mortgage sector continue to plague the financial system. Many financial institutions have had to deal with tighter liquidity and have responded by tightening credit. A number of U.S. mortgage lenders have even gone bankrupt.

Contributing to the credit jitters is Citigroup Inc. (NYSE: C), which announced today that it is looking for ways to improve efficiency and cut costs after mortgage writedowns led it to report a loss in its most recent quarter. News reports claim the New York-based bank could cut anywhere between 17,000 and 45,000 jobs in an effort to return to profitability.

Elsewhere, the price of oil has eased $0.72 to $97.46.

Simulations Plus, Inc. (AMEX: SLP), Santander BanCorp (NYSE: SBP) and Medivation, Inc. (Nasdaq: MDVN) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage losers:

The Russell 2000 (NYSE: IWM) opened with modest gains but later slipped into negative territory despite news of a successful Black Friday.

At 10:32 a.m. ET, the small-cap index had retreated 2.37 points, or 0.31%, to 752.66. The Dow Jones Industrial Average (INDU) was up 23.49 points, or 0.18%, to 13,004.37.

Separate news reports indicate that U.S. retailers had a successful Black Friday, a bullish sign for many investors. The day after Thanksgiving is referred to as Black Friday because it’s considered the day when retailers become profitable for the year.

Preliminary numbers show that sales rose 8.3% to $10.3 billion, according to ShopperTrak, a provider of shopper traffic counting information software.

“We anticipated that the 2007 trend would continue and consumers would be willing to spend despite all of the economic pressures we’ve been hearing about heading into the season,” said Bill Martin, co-founder of ShopperTrak, in a statement.

Meanwhile, the National Retail Federation announced that 147 million shoppers hit the stores over the Black Friday weekend, an increase of 4.8% from a year earlier.

However, spending per customer decreased 3.5% to $347.44.

The statistics tell us that retailers increased traffic by luring consumers with promotions and discounts, but the slump in the U.S. housing sector, high energy prices and a credit squeeze took their toll on individual spending.

Rodman & Renshaw maintained its "market perform" rating on biopharmaceutical company Medivation, Inc. (Nasdaq: MDVN).

Cyberonics, Inc. (Nasdaq: CYBX) reported a wider quarterly loss and revenue that didn’t meet analysts’ expectations.

Three patients in Idenix Pharmaceuticals, Inc. (Nasdaq: IDIX) hepatitis C study had to discontinue due to what Idenix described as "adverse events," related to problems with toxicity.

These are the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $500 million:

The Russell 2000 index has diverged from the other major U.S. indices by losing ground this afternoon. At 2:49 ET the Russell 2000 had lost 1.02 points, or 0.12%, to 834.29. The Dow Jones Industrial Average was up 25.76 points, or 0.19%, to 13,450.15.

Shares of Berlin, N.J.-based specialty retailer A.C. Moore Arts & Crafts, Inc. (Nasdaq: ACMR) are lower following news that President and CEO Lawrence H. Fine has resigned for personal reasons. “This was a very difficult decision for me,” Fine said in a press release before the opening bell. “A.C. Moore has tremendous growth opportunities ahead. I wish the entire A.C. Moore team great future success.”

Shares of Back Yard Burgers, Inc. (Nasdaq: BYBI), which operates and franchises quick-service restaurants, are in negative territory following news this morning that the Memphis, Tenn.-based company has agreed to be acquired by private equity group BBAC, LLC for about $38 million. Shares are down $0.04, or 1%, to $5.05.

Shares of Medivation, Inc. (Nasdaq: MDVN) are down despite news this morning that the San Francisco-based company’s Alzheimer’s drug Dimebon has shown encouraging results during a Phase II clinical study.

Medivation, Inc. (Nasdaq: MDVN) announced its Alzheimer’s drug Dimebon significantly improved symptoms over one year and was more effective than a placebo used in a clinical trial.

Neurochem Inc. (Nasdaq: NRMX) reported some positive preliminary data in a Phase III trial of its Alzheimer’s drug tramiprosate, but the Canadian company said it is still working on analysis. Neurochem said it will announce top-line trial results during the second quarter ending June 30.

Private equity group BBAC LLC announced it is taking Back Yard Burgers, Inc. (Nasdaq: BYBI) private for approximately $38 million.

The following are the most actively traded companies in Monday pre-market trading among those with market capitalizations under $500 million: