Unusual 11 Mid-Day Movers 06/04: (CBLI) (MTOX) (CRED) Higher; (BONT) (CQP) (AMRS) Lower
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Cleveland Biolabs (Nasdaq: CBLI) 58.3% HIGHER; reported strong survival results for its randomized, blinded, placebo-controlled efficacy study of CBLB502 in 179 non-human primates (NHPs) conducted under Good Laboratory Practice (GLP) with elements of Good Clinical Practice (GCP), as required by the U.S. FDA Animal Rule. The study demonstrated with a high degree of statistical significance the dose-response relationship between the administration of CBLB502 and the survival of lethally irradiated animals, the study's primary endpoint. Click here to see the full report.
MEDTOX Scientific, Inc. (Nasdaq: MTOX) 35.4% HIGHER; Laboratory Corporation of America Holdings (NYSE: LH) and MEDTOX today announced that they had entered into a definitive merger agreement under which LabCorp would acquire MEDTOX for a purchase price of $27.00 per share in cash
Credo Petroleum (Nasdaq: CRED) 31.9% HIGHER; Forestar (NYSE: FOR) will acquire the company for $14.50/share, or approximately $146 million in the aggregate. The transaction has also been approved by the board of directors of Forestar.
Bon-Ton Stores (Nasdaq: BONT) 16.9% LOWER; traders are continuing to take profits following a recent run up. The stock fell nearly 8 percent on Friday, pushing below a technical level at $5.
Inphi Corp. (NYSE: IPHI) 15.3% HIGHER; Piper Jaffray upgraded Inphi from Neutral to Overweight with a price target of $12.00.
Cheniere Energy Partners LP. (AMEX: CQP) 14.3% LOWER; there was a bearish article issued earlier by SeekingAlpha, written by a short seller, which may be hitting the stock today.
Amyris, Inc. (Nasdaq: AMRS) 12.6% LOWER; lower as cheap natural gas continues to dominate the energy scene.
Cheniere Energy (AMEX: LNG) 12.3% LOWER; see CQP above.
Golden Minerals Company (AMEX: AUMN) 11.9% HIGHER; although spot gold is moving lower today, Golden Minerals shares are moving firmly above the $4 resistance level.
Galena Biopharma (Nasdaq: GALE) 11.6% HIGHER; The Phase 1/2 clinical trials evaluated the NeuVax (E75) vaccine, an HLA A2/A3 restricted HER2/neu (HER2) peptide, mixed with GM-CSF. The trials (SN-33 (Node Positive) and SN-34 (Node Negative)) evaluated a combined 187 patients and have completed a median 60-months of follow-up, with the final patients expected to complete their booster treatments and final follow-up visits by September 2012. The final data analysis is expected to be reported in the fourth quarter of this year. Click here to see the full report.
Acadia Healthcare Co. (Nasdaq: ACHC) 11.5% LOWER; seems to be breaking below several technical levels after closing below $18 last week. Both the 50- and 200-day SMA's were taken out at this morning's open.
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MEDTOX Scientific, Inc. (Nasdaq: MTOX) 35.4% HIGHER; Laboratory Corporation of America Holdings (NYSE: LH) and MEDTOX today announced that they had entered into a definitive merger agreement under which LabCorp would acquire MEDTOX for a purchase price of $27.00 per share in cash
Credo Petroleum (Nasdaq: CRED) 31.9% HIGHER; Forestar (NYSE: FOR) will acquire the company for $14.50/share, or approximately $146 million in the aggregate. The transaction has also been approved by the board of directors of Forestar.
Bon-Ton Stores (Nasdaq: BONT) 16.9% LOWER; traders are continuing to take profits following a recent run up. The stock fell nearly 8 percent on Friday, pushing below a technical level at $5.
Inphi Corp. (NYSE: IPHI) 15.3% HIGHER; Piper Jaffray upgraded Inphi from Neutral to Overweight with a price target of $12.00.
Cheniere Energy Partners LP. (AMEX: CQP) 14.3% LOWER; there was a bearish article issued earlier by SeekingAlpha, written by a short seller, which may be hitting the stock today.
Amyris, Inc. (Nasdaq: AMRS) 12.6% LOWER; lower as cheap natural gas continues to dominate the energy scene.
Cheniere Energy (AMEX: LNG) 12.3% LOWER; see CQP above.
Golden Minerals Company (AMEX: AUMN) 11.9% HIGHER; although spot gold is moving lower today, Golden Minerals shares are moving firmly above the $4 resistance level.
Galena Biopharma (Nasdaq: GALE) 11.6% HIGHER; The Phase 1/2 clinical trials evaluated the NeuVax (E75) vaccine, an HLA A2/A3 restricted HER2/neu (HER2) peptide, mixed with GM-CSF. The trials (SN-33 (Node Positive) and SN-34 (Node Negative)) evaluated a combined 187 patients and have completed a median 60-months of follow-up, with the final patients expected to complete their booster treatments and final follow-up visits by September 2012. The final data analysis is expected to be reported in the fourth quarter of this year. Click here to see the full report.
Acadia Healthcare Co. (Nasdaq: ACHC) 11.5% LOWER; seems to be breaking below several technical levels after closing below $18 last week. Both the 50- and 200-day SMA's were taken out at this morning's open.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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