NASDAQ:KERX

Midday Movers: VRML, KERX, SYNM, GCA, VLO, HDY

March 7, 2012 By Leave a Comment

NYSE stocksVermillion, Inc. (NASDAQ:VRML) is down 28% in midday trading at $2.16. VRML is tumbling on heavy volume today with 4.2 million shares traded so far today. The stock trades 293 thousand shares a day on average. VRML shares are slipping today after they rallied more than 100% yesterday following news of Category 1 CPT code approval for OVA1. Vermillion was also downgraded by Ladenburg Thalmann today sell from neutral. The company has a market cap of 31.79 million.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is down 9.20% today at $3.98. KERX has traded 3.3 million shares so far today, about double its daily average volume. KERX shares are continuing their drop from yesterday and have fallen more than $1 in the past two days. The company has a market cap of 276.99 million. [Read more...]

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Stocks Fall Big on Stock Market Today: SNSS, UVXY, MWW, AEZS, KERX, BVSN

March 6, 2012 By Leave a Comment

Wall StreetStocks are taking a licking today as Greek fears sends the Dow down more than 200 points. Greece is just one of many worries investors are facing right now including slower growth in China and in Europe. Even gold, which is seen as a flight to safety, is getting hit hard today. Oil prices are also dropping today and are currently around $105/barrel, down from nearly $110 last week.

There are some positive stocks in the stock market, but they are few and far between. Let’s take a quick look at some of the more active stocks today.

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) is up 17.65% this afternoon at $2.40. Analysts coverage was initiated today on SNSS by Canaccord Genuity and has a buy rating right now. Volume is well above average today with over 1.8 million shares traded, the stock trades about 156 thousand shares a day on average. The company has a market cap of 113.51 million. [Read more...]

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Stocks On Edge Due to Growth Concerns. Stocks to Watch: HNR, MWW, SWY, ONTY, KERX, FRO, NTRI

March 6, 2012 By Leave a Comment

Stock FuturesDeja vu time folks. Greece. With the bond swap deal supposed to take place this week, investors are waiting to see the outcome of the deal. Markets are also coming off the massive liquidity high of last week’s LTRO out of the ECB. All in all, it is making for an interesting market day. Dow futures are currently down 86 points to 12,875. Nasdaq 100 futures are off 19 points to 2,597. The S&P 500 futures are rounding out the losses pre-market, down 10.50 points to 1,354.

Investors are worried that any future liquidity injections will require an external event, and a rather bad one. That has nervousness creeping back into the market as they look to see what domino could possibly fall next.

China’s growth cut is not helping matters, and is giving rise to the fears that another downturn could be on the horizon. [Read more...]

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Hot Stocks This Morning: KERX, TSON, ARCL, AEZS, SCEI, ZGNX

March 5, 2012 By Leave a Comment

list of nasdaq stocksStocks are trading lower this morning as investors fear a global economic slowdown. Weak economic data from around the world is sending the market down today. China lowered their official GDP forecast for 2012 from 8% to 7.5%. PMI data in Italy and Spain came in short of expectations. There is some strength today though as U.S. ISM and factory data both were above expectations.

The market wide sell off is quickening in mid morning trading as the Dow is down 73 points, the Nasdaq is down 27 points and the S&P 500 is down 8 points.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is up 24.03% this morning at $4.5890. KERX has traded 11.3 million shares so far today, 11 times its average volume. KERX shares are up more than $1.40 a share over the past five trading days. The company has a market cap of 326.70 million. [Read more...]

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Chinese Worries Rattle the Markets. Stocks to Watch: KERX, MCP, ZNGA, P, SIRI, AMZN, AAPL

March 5, 2012 By Leave a Comment

Stock FuturesSlowing growth out of China is weighing heavily on investors as they start the new week. Risk-off reigns supreme this morning as cautious investors look to see what the next move is. Dow futures are currently down off modestly, down 16 points to 12,952. Nasdaq 100 futures are down 4.50 to 2,639. S&P500 futures are rounding out the downward momentum, off 2.50 points to 1,366.50.

China lowered its growth rate over the weekend to 7.5%. This is down from the symbolic 8% it has used for years. Their focus is to shift towards more high-end economic development and internal consumption. The Greek sovereign debt crisis could continue to weigh on sentiment coming out out of Asia.

European markets were negative after data pointed that it may contract for the second straight quarter. The purchasing managers index fell more than expectations giving rise to fears of a new recession. [Read more...]

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