Stocks Crossing 50-Day SMA 01/22: (FCX) (CLSN) (T) Above; (ARNA) (VZ) (OZM) Below

January 22, 2013 3:47 PM EST
Crossing and above:
  • Freeport-McMoRan Copper & Gold (NYSE: FCX) - up 5.2 percent. Issued a two-cent-per-share EPS beat with its fourth-quarter 2012 report. Revs of $4.51 billion were also stronger than expectations.

  • Celsion Corporation (Nasdaq: CLSN) - up 11.9 percent. Entered a technology development agreement for ThermoDox with Zhejiang Hisun. Celsion will receive a $5 million payment immediately and second $5 million within 60 days following execution of the agreement. For more color, click here.

  • AT&T (NYSE: T) - up 0.8 percent. Entered an agreement to acquire the U.S. retail wireless operations of Atlantic Tele-Network, Inc. (Nasdaq: ATNI) for $780 million in cash. Could also be seeing a little upside amid robust quarterly numbers from peer Veizon Communications earlier.

    For more on the asset acquisition, click here.
Crossing and below:
  • Arena Pharmaceuticals (Nasdaq: ARNA) - down 10.5 percent. Hit after its Marketing Authorization Application (MAA) for Belviq was given a Day 180 List of Outstanding Issues from the EMA’s Committee for Medicinal Products for Human Use, or CHMP. For more on the disclosure, click here.

  • Verizon Communications (NYSE: VZ) - up 0.9 percent. Verizon active following fourth-quarter 2012 results, released ahead of the opening bells Tuesday morning. Hurricane Sandy clipped profits and investors are keeping an eye on margins as smartphone sales are on the rise. For more on the quarterly numbers, click here.

  • Och-Ziff Capital Management Group (NYSE: OZM) - down 0.3 percent. Och-Ziff Capital hanging on amid a downgrade at Goldman from Buy to Neutral today. Goldman said it sees better opportunity in Och-Ziff's segment. Shares have been range-bound between $9 and $10 over the last several months, after having produced strong post-EPS movement last July.


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