Morning Movers 12/28: CAVO, SNTS, SHZ, MCP Higher; FFHL, BPAX, XOMA, CPD, DARA Lower
Cavico Corp. (Nasdaq: CAVO) 20.1% HIGHER; announced that their subsidiary, Cavico Bridge and Tunnel, has signed a $6 million construction contract with Electricity of Vietnam, a state-owned electricity company, for the Song Bung 2 Hydropower project. Under the terms of the contract, Cavico will be responsible for the construction of three tunnels, a surge tank, and a power house. Cavico expects to complete construction by 2014.
Fuwei Films (Holdings) Co. (Nasdaq: FFHL) 18.6% LOWER; after closing just below the $4 level yesterday, technicians are selling this stock today. Prior to downside move over the last few trading sessions, shares of FFHL had rallied as much as 365% since the beginning of September.
BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) 17.5% LOWER; said it received commitments from several institutional investors to purchase $18 million of securities in a registered direct offering.
XOMA Ltd. (Nasdaq: XOMA) 17% LOWER; continuing to correct today following a 14% move lower yesterday. The stock surged by 140% last week.
Santarus, Inc. (Nasdaq: SNTS) 15.8% HIGHER; and biotech company Pharming Group NV announced that they have submitted a Biologics License Application to the U.S. FDA to obtain marketing approval for RHUCIN (recombinant human C1 inhibitor) for the treatment of acute angioedema attacks in patients with Hereditary Angioedema.
Caraco Pharmaceutical Laboratories, Ltd. (AMEX: CPD) 12.5% LOWER; announced that two distribution agreements with Sun Pharmaceutical Industries Limited (Sun) have been extended until January 28, 2012 but will each terminate following these extensions.
DARA Biosciences (Nasdaq: DARA) 12.3% LOWER; traders are taking profits this morning following a 73% surge yesterday.
China Shen Zhou Mining & Resources (NYSE: SHZ) 9.5% HIGHER; could be trading higher amid news related to China's rare earth exports.
Molycorp (NYSE: MCP) 9.5% HIGHER; China announced that it is cutting its rare earths exports by more than 10 percent next year. China currently produces 97 percent of the world's rare earths, but companies like U.S.-based Molycorp are ramping up production.
Get This Report Daily Here: http://www.streetinsider.com/entities/Morning+Movers.
Fuwei Films (Holdings) Co. (Nasdaq: FFHL) 18.6% LOWER; after closing just below the $4 level yesterday, technicians are selling this stock today. Prior to downside move over the last few trading sessions, shares of FFHL had rallied as much as 365% since the beginning of September.
BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) 17.5% LOWER; said it received commitments from several institutional investors to purchase $18 million of securities in a registered direct offering.
XOMA Ltd. (Nasdaq: XOMA) 17% LOWER; continuing to correct today following a 14% move lower yesterday. The stock surged by 140% last week.
Santarus, Inc. (Nasdaq: SNTS) 15.8% HIGHER; and biotech company Pharming Group NV announced that they have submitted a Biologics License Application to the U.S. FDA to obtain marketing approval for RHUCIN (recombinant human C1 inhibitor) for the treatment of acute angioedema attacks in patients with Hereditary Angioedema.
Caraco Pharmaceutical Laboratories, Ltd. (AMEX: CPD) 12.5% LOWER; announced that two distribution agreements with Sun Pharmaceutical Industries Limited (Sun) have been extended until January 28, 2012 but will each terminate following these extensions.
DARA Biosciences (Nasdaq: DARA) 12.3% LOWER; traders are taking profits this morning following a 73% surge yesterday.
China Shen Zhou Mining & Resources (NYSE: SHZ) 9.5% HIGHER; could be trading higher amid news related to China's rare earth exports.
Molycorp (NYSE: MCP) 9.5% HIGHER; China announced that it is cutting its rare earths exports by more than 10 percent next year. China currently produces 97 percent of the world's rare earths, but companies like U.S.-based Molycorp are ramping up production.
Get This Report Daily Here: http://www.streetinsider.com/entities/Morning+Movers.
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