NASDAQ:MELA

NASDAQ Stocks Dipping This Morning: MNOV, NTAP, MNRO, FFIV, MELA, OVTI

MediciNova Inc. (NASDAQ:MNOV) is down 44.72% this morning at $1.5201. MNOV has traded 647 thousand shares so far today, way above its daily average of 42 thousand shares. MNOV shares are plummeting today after its asthma drug fails trial. The company has a market cap of 23.47 million.

NetApp, Inc. (NASDAQ:NTAP) is down 12.71% today at $28.68. NTAP has traded 29.1 million shares so far today, way above its daily average of 6.6 million shares. NTAP shares continue to fall after first quarter earnings and guidance fell below expectations. The company has a market cap of 10.38 billion. [Read more...]

Hot Stocks to Watch: ROSG, PETM, MELA, MOV, AMRS, CPWR, PCX

Wall StreetThe never-ending EU saga is back in the limelight today as leaders meet at a summit to devise yet another plan to resolve the crisis. French President Hollande pushed Euro bonds to which Merkel refused to entertain the idea. With new Greek elections fast approaching, the endgame for Greece in the EU could be right around the corner.

Mix in the Facebook debacle and disappointing Dell results and you have all the trappings of a bearish market. Currently the Dow is off its session lows, down 146. The Nasdaq and S&P are both negative, down 30 and 14 respectively. Sign Up For Free Alerts [Read more...]

Stock Market Higher and 6 Nasdaq Stocks: SHLD, ANGI, MELA, DSCO, DRYS, CLWR

Wall Street

Jobless Data

Stocks are trading higher this morning as jobless data showed the labor market continues to slowly recover. Initial claims came in at 351,000 and were unchanged from last week’s revised numbers. Most economists were expecting initial claims to rise to 354,000. The improving jobs market is seen as a win for President Obama as he begins to ramp up his reelection campaign. Voters have stressed in poll after poll that jobs are the most important issue to them in the November election.

Gas Prices On The Rise

Oil prices continue to rise today and are over $106/barrel and will soon be reflected at the gas pump. Some people contribute this rise to oil speculators which is somewhat true, but it is also the ongoing tensions between Iran and Western countries that are fueling this price increase. Analysts expect gas prices to rise to over $4 this spring and may even hit $5 a gallon by summer. One plus for consumers is the relatively mild winter has kept natural gas prices low. [Read more...]

6 Healthcare Stocks to Watch: AMGN, INHX, PSDV, PFE, CSII, MELA

After the green close today, these six healthcare stocks closed positive and are looking to continue their upward trends this week.

Amgen, Inc. (NASDAQ:AMGN) finished the day off up 5.91% at $58.43 with over 20 million shares traded. Volume was above average on AMGN today, over 3 times its usual daily average. The company announced a $5 billion share-purchase buyback program that caught rating agencies by surprise. Usually when a company buys back shares, they have high confidence in their outlook. AMGN is looking to get back to around where it was trading at in late October at $59. The company has a current market cap of 51.36 billion

Shares of Inhibitex, Inc. (NASDAQ:INHX) closed higher today at $9.72, a gain of 13.82%. INHX stock continues to climb following positive news on its hepatitis C drug INX-189 last week. The stock hit a 52-week high of $10.60 in intraday trading with 18.7 million shares traded. INHX has jumped from $4 to over $10 in just two days. The company has a current market cap of 759.96 million.

pSivida Corp. (NASDAQ:PSDV) closed Monday up 6.28% at $4.40. The company announced quarterly earnings after market close and beat analysts expectations by $0.09. Revenue rose 249% year over year to 1.66 million beating expectations of $0.05 million. PSDV traded 205 thousand shares today, 4 times its average volume of around 50 thousand shares. The company has a current market cap of 91.30 million.

Pfizer Inc. (NYSE:PFE) finished Monday up 2.09% at $20.07. The company is getting very close to its 52-week high of $21.45. PFE was up on extremely high volume today with over 144 million shares traded, 3 times its average volume of 51 million shares. The company has a current market cap of 156.59 billion.

Cardiovascular Systems Inc. (NASDAQ:CSII) closed Monday up 9.43% at $9.86. CSII has moved up over $1 since announcing quarterly results on November 2. The stock traded slightly above average volume today with over 200 thousand shares traded. The company has a current market cap of 174.48 million.

MELA Sciences, Inc. (NASDAQ:MELA) is up 10.73% at $5.16. MELA traded decent volume today with over 1.7 million shares traded, 600 thousand more than usual. The company is bouncing back a little bit after dipping on Friday. MELA is still up quite a bit from its 52-week low it hid in early August. The company has a current market cap of 130.35 million.

Traders should be cognizant of the sovereign debt crisis gripping Europe and be able to respond in any risk off scenario that emanates out of the Eurozone.

Real Time Web Analytics