After-Hours Movers 9/15: Targacept (TRGT) Sinks After Drug Fails; Merrill (MER) Trades Up

September 15, 2008 6:26 PM EDT

StreetInsider.com After-Hours Movers:

Targacept (NASDAQ: TRGT) 40% LOWER; AstraZeneca (AZN) and Targacept (TRGT) Announce from Phase 2b Study of AZD3480 Did Not Meet Criteria

Synthesis Energy Systems (Nasdaq: SYMX) 9% LOWER; reports a Q4 loss of $0.32, versus the analyst estimate of ($0.20). Revenues for the quarter were $288K, versus the consensus of $250K.

Synovus Financial Corp. (NYSE: SNV) 4.5% LOWER; Fitch lowers rating, outlook negative.

Merrill Lynch (NYSE: MER) 2.9% HIGHER; Buyout partner BofA trades up after-hours.  There was a 25% spread on the deal at the close.

Bank of America (NYSE: BAC) 1.7% HIGHER; Bounces after today's 21% drop.


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BAC 12.85

-3.40 -20.92%
Volume: 123,341,582
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MER 10.13

-3.09 -23.37%
Volume: 32,117,929
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SNV 7.19

-1.13 -13.58%
Volume: 4,190,861
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SYMX 0.61

-0.37 -37.76%
Volume: 216,322
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TRGT 1.63

-0.82 -33.47%
Volume: 34,796
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