Unusual 11 Mid-Day Movers 10/6: (GNK) (AUPH) (GTWN) Higher; (ALNY) (INVT) (TWTR) Lower
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
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Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY) 47.2% LOWER; announced that upon the recommendation of the ENDEAVOUR Phase 3 study Data Monitoring Committee (DMC) to suspend dosing, the Company has decided to discontinue development of revusiran, an investigational RNA interference (RNAi) therapeutic that was being developed for the treatment of hereditary ATTR amyloidosis with cardiomyopathy (hATTR-CM). This decision was made yesterday evening and has been communicated to investigators, study sites, and regulatory authorities.
Aurinia Pharmaceuticals Inc. (Nasdaq: AUPH) 35.3% HIGHER; announced 24-week data in all 10 patients from the AURION study, an open-label exploratory study to assess the short-term predictors of response using voclosporin (23.7mg BID) in combination with mycophenolate mofetil (MMF) and oral corticosteroids in patients with active lupus nephritis (LN). The data are being presented by Robert Huizinga, Vice President of Clinical Affairs at Aurinia at the 10th Annual European Lupus Meeting in Venice, Italy.
Inventergy Global, Inc. (Nasdaq: INVT) 33.9% LOWER; announced that the Company has priced a registered public offering of shares of common stock and warrants with gross proceeds of approximately $6.0 million. Investors will receive 6,000,000 shares of its common stock at a price to the public of $1.00 per share and warrants to purchase up to 6,000,000 shares of common stock, exercisable for a period of five years, with an exercise price of $1.00 per share.
Georgetown Bancorp, Inc. (Nasdaq: GTWN) 21.9% HIGHER; Salem Five Bancorp, parent of Salem Five Cents Savings Bank and Georgetown Bancorp, Inc., parent of Georgetown Bank, jointly announced that they have signed a definitive agreement whereby Salem Five Bancorp has agreed to acquire Georgetown Bancorp, Inc. and its subsidiary Georgetown Bank, in an all cash transaction valued at approximately $49.2 million.
Twitter (NYSE: TWTR) 20.0% LOWER; lower following reports that neither Google nor Apple plan to bid for the company.
Zumiez Inc. (Nasdaq: ZUMZ) 16.3% HIGHER; announced that total net sales for the five-week period ended October 1, 2016 increased 11.5% to $75.0 million, compared to $67.3 million for the five-week period ended October 3, 2015. The Company's comparable sales increased 6.3% for the five-week period compared to a comparable sales decrease of 1.8% in the year ago period. The company also increased Q3 guidance.
PhotoMedex, Inc. (Nasdaq: PHMD) 16.3% HIGHER; ICTV Brands announced the signing of a definitive agreement to acquire the consumer products business of PhotoMedex, Inc. (Nasdaq: PHMD) for a total consideration of $9.5 million.
LSB Industries, Inc. (NYSE: LXU) 13.8% LOWER; announced that Turnaround activities and various operational issues resulted in unplanned downtime at its three primary chemical facilities during the third quarter of 2016. The Company expects the combined impact to third quarter EBITDA as a result of reduced production, lost fixed cost absorption and repair expenses related to unplanned maintenance to be in the range of $25.0 million - $26.5 million.
MGT Capital Investments, Inc. (NYSE: MGT) 12.4% LOWER; disclosed the following on Wednesday night:
On September 29, 2016, MGT Capital Investments, Inc., agreed to rescind that certain Subscription Agreement dated September 1, 2016 with an investor pursuant to which, the Investor agreed to purchase in a private placement, subject to certain conditions, an aggregate of four hundred fifty thousand (450,000) restricted shares of the Company’s common stock, par value $0.001 at a purchase price of three dollars ($3.00) per Share, for aggregate proceeds of one million three hundred fifty thousand dollars ($1,350,000).
Big 5 Sporting Goods (Nasdaq: BGFV) 11.0% HIGHER; Deutsche Bank upgraded Big 5 Sporting Goods from Hold to Buy and moved its price target from $10 to $16.50. Analyst Mike Baker sees market share gains.
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