10 Major Stock Movers For Monday (AMRN, AMAG, AIB, IRE, NBG, DRYS, NLST, ALU, RYAAY, VOLT)
November 29, 2010 by Jon C. Ogg
Amarin Corporation plc (NASDAQ: AMRN) is indicated up 50% at $5.35, well above the $3.85 52-week high, after its AMR101 met pivotal phase 3 study endpoints with highly statistically significant reductions in triglycerides at 4 gram and 2 gram doses with no statistically significant increase in LDL-C and safety profiles.
AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) is soaring after it said that the company has reached an agreement with the FDA to update the label for its anemia drug Feraheme with precautions. Shares are up 17% to $16.48 on the news, but keep in mind that the 52-week range is $13.75 to $52.49.
Irish banks are cheering the bailout of Ireland, even if these are become more and more government-owned out of the plan. Allied Irish Banks plc (NYSE: AIB) is up 8.8% at $1.03 and The Bank of Ireland (NYSE: IRE) is up over 19% at $1.72. The National Bank of Greece SA (NYSE: NBG) is far from Ireland, but it has that PIIGS thing going for it. Help for one, help for all… NBG shares are up 1.7% at $1.75.
DryShips, Inc. (NASDAQ: DRYS) is seeing a pop this morning after its Ocean Rig UDW subsidiary signed a contract with Borders & Southern Petroleum for a 2 well exploration and drilling pact in the offshore Falkland Islands area for roughly $77 million.
Netlist Inc. (NASDAQ: NLST) is up after it announced that Compellent Technologies has qualified and selected its NetVault NV for production shipments in the Compellent Storage Center solution; shares are up 8% at $2.57.
Elsewhere in the world of ADRs… Alcatel-Lucent (NYSE: ALU) shares are indicated down 3.5% at $2.74 after a $2.84 close on Friday. Ryanair Holdings plc (NASDAQ: RYAAY) is down about 2% at $29.90 after a $30.48 close on Friday.
Voltaire Limited (NASDAQ: VOLT) is soaring on a buyout: Mellanox Technologies is acquiring the company for $8.75 per share in cash. Shares are up 34% at $8.65 to a new high.
JON C. OGG
