Hot Stocks to Watch: CBLI, GALE, VRNG, MVIS, CLSN, MTOX

Wall Street signStocks are trading slightly lower across the board today as investors continue to feel uncertain about the debt situation in Europe. The market suffered one of its worst days of the year on Friday as each of the major indexes fell more than 2%.

On the economic data front, factory orders fell again in April marking the fourth straight month of declines. Orders fell 0.6% while economists were expecting a rise of 0.2%.

European markets saw thin trading today as U.K. stock markets are closed today and tomorrow on an extended bank holiday for the Queen’s Diamond Jubilee.

China’s service sector continued to slow in May for the second straight month.

In mid-morning trading the Dow is down 21 points, the Nasdaq is down 1 point and the S&P 500 is down 3 points.

Hot Stocks

Cleveland BioLabs, Inc. (NASDAQ:CBLI) is up 51.57% this morning at $1.92. CBLI has traded 2.09 million shares so far today, many times its daily average of 184 thousand shares. Cleveland BioLabs reported strong survival results for CBLB50 and met primary endpoint. The company has a market cap of 70.11 million.

Galena Biopharma, Inc. (NASDAQ:GALE) is up 9.30% today at $1.41. GALE has traded 4.3 million shares so far today, above its daily average of 3.3 million shares. GALE shares are rallying today on positive news from NeuVax. The company has a market cap of 93.15 million.

Vringo, Inc. (AMEX:VRNG) is up 3.29% today at $4.2350. VRNG has traded 2.3 million shares so far today and trades 2.36 million shares a day on average. VRNG shares were trading as high as $4.63 earlier today. The company has a market cap of 60.58 million.

Microvision Inc. (NASDAQ:MVIS) is up 15.05% today at $3.44. MVIS has traded 1.7 million shares so far today, 4 times its daily average volume. MVIS shares continue to trade higher after announcing it received a $4 million purchase order from Pioneer on May 31. The company has a market cap of 58.81 million.

Celsion Corp. (NASDAQ:CLSN) is up 8.33% today at $2.08. CLSN has traded 702 thousand shares so far today, double its daily average volume. The company has a market cap of 69.44 million.

Medtox Scientific, Inc. (NASDAQ:MTOX) is up 35.48% today at $26.69. MTOX has traded 684 thousand shares so far today, way above its daily average of 32 thousand shares. MTOX shares are up today on news that LabCorp plans to buy the company for $241 million. The company has a market cap of 239.41 million.

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About MarcS

An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

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