Morning Movers 03/05: (TSON) (KERX) (SCEI) (ARCL) Higher; (TBET) (LEAP) Lower
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TranS1 Inc. (Nasdaq: TSON) 28.7% HIGHER; announced today that the American Medical Association Current Procedural Terminology Panel has voted to approve an application for a Category I CPT code for L5-S1 spinal fusion utilizing TranS1's pre-sacral interbody fusion approach with its AxiaLIF implant. This coding change was recently disclosed on the AMA website and will become effective on January 1, 2013.
Keryx Biopharma (Nasdaq: KERX) 21.8% HIGHER; breaking out following a late article from Seeking Alpha on Friday. The piece is entitled "FDA Approval Practically A Done Deal For Keryx And ZEterna Zentaris".
Sino Clean Energy Inc. (NASDAQ: SCEI) 21.7% HIGHER; the stock has ramped sharply since news hornhill Capital LLC recently completed its Asset and Cash Verification Reports for the Audit Committee of the company. Shares rose 41 percent on Thursday and another 30 percent on Friday.
Archipelago Learning (Nasdaq: ARCL) 21.5% HIGHER; announced today that it has entered into a definitive agreement under which PLATO Learning, a portfolio company of Thoma Bravo, LLC, will acquire Archipelago Learning for $11.10 per share in cash, representing an equity value of approximately $291 million.
AEterna Zentaris (Nasdaq: AEZS) 18.3% HIGHER; see Keryx above.
WebMediaBrands (Nasdaq: WEBM) 17.8% HIGHER; after running up more than 40 percent over the $1 level on Friday, shares are continuing to breakout today.
Galena Biopharma (Nasdaq: GALE) 15.9% HIGHER; continuing higher after bouncing off the 200-day simple moving average late Thursday and Friday of last week. The stock is up nearly 40 percent over the last two weeks.
Tibet Pharma (Nasdaq: TBET) 8.5% LOWER; after jumping 108 percent on last Monday amid a $3/share go-private bid, investors are continuing to take profits this week.
Leap Wireless (Nasdaq: LEAP) 7.8% LOWER; Bernstein downgraded the stock from Outperform to Market Perform Monday morning.
Keryx Biopharma (Nasdaq: KERX) 21.8% HIGHER; breaking out following a late article from Seeking Alpha on Friday. The piece is entitled "FDA Approval Practically A Done Deal For Keryx And ZEterna Zentaris".
Sino Clean Energy Inc. (NASDAQ: SCEI) 21.7% HIGHER; the stock has ramped sharply since news hornhill Capital LLC recently completed its Asset and Cash Verification Reports for the Audit Committee of the company. Shares rose 41 percent on Thursday and another 30 percent on Friday.
Archipelago Learning (Nasdaq: ARCL) 21.5% HIGHER; announced today that it has entered into a definitive agreement under which PLATO Learning, a portfolio company of Thoma Bravo, LLC, will acquire Archipelago Learning for $11.10 per share in cash, representing an equity value of approximately $291 million.
AEterna Zentaris (Nasdaq: AEZS) 18.3% HIGHER; see Keryx above.
WebMediaBrands (Nasdaq: WEBM) 17.8% HIGHER; after running up more than 40 percent over the $1 level on Friday, shares are continuing to breakout today.
Galena Biopharma (Nasdaq: GALE) 15.9% HIGHER; continuing higher after bouncing off the 200-day simple moving average late Thursday and Friday of last week. The stock is up nearly 40 percent over the last two weeks.
Tibet Pharma (Nasdaq: TBET) 8.5% LOWER; after jumping 108 percent on last Monday amid a $3/share go-private bid, investors are continuing to take profits this week.
Leap Wireless (Nasdaq: LEAP) 7.8% LOWER; Bernstein downgraded the stock from Outperform to Market Perform Monday morning.
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