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Market Close: Big Winners & Losers for April 5, 2013 (BCRX, ISSC, AQQ, NIHD, BVA, RIGL, RDWR, ANCX, FFIV, ZGNX)

Paul Ausick — Fri, 05 Apr 2013 20:26:52 +0000

Here are today’s five biggest gaining stocks at closing:

BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) is up 28.8% at $1.70.

Innovative Solutions and Support Inc. (NASDAQ: ISSC) is up 27.2% at $7.02.

American Spectrum Realty Inc. (NYSEMKT: AQQ) is up 27.1% at $3.14.

NII Holdings Inc. (NASDAQ: NIHD) is up 20.7% at $5.48.

Cordia Bancorp Inc. (NASDAQ: BVA) is up 20.6% at $6.15.

And here are today’s five biggest losing stocks at closing:

Rigel Pharmaceuticals Inc. (NASDAQ: RIGL) is down 40.2% at $4.50.

Radware Ltd. (NASDAQ: RDWR) is down 22.7% at $29.07.

Access National Corp. (NASDAQ: ANCX) is down 21.1% at $12.00.

F5 Networks Inc. (NASDAQ: FFIV) is down 19% at $73.21.

Zogenix Inc. (NASDAQ: ZGNX) is down 12.6% at $1.57.

Filed under: 24/7 Wall St. Wire, HI/LOW, Market Close Tagged: ANCX, AQQ, BCRX, BVA, FFIV, ISSC, NIHD, RDWR, RIGL, ZGNX

24/7 Wall St. Closing Bell (JNJ, KSS, WTW, DHI, LEN, TOL, ACI, ALIM, ZUMZ, ARO, ANN, CCL, FGP, HALO, URRE, JVA, QSFT, ASTM, DYN, ZGNX, GMCR)

Paul Ausick — Fri, 09 Mar 2012 21:05:53 +0000

US equities opened higher this morning following the report on a US non-farm payroll gain of 227,000 jobs (more coverage here). In Europe, the Greek debt swap deal went off smoothly, but the declaration late this afternoon by the International Swaps and Derivatives Association (ISDA) that the swap was, in fact, a “credit event” sent stocks down sharply though the three major indexes remain in positive territory about half an hour before the markets close. The dollar opened up this morning and got stronger as the day went on, with the dollar index now up 1.07% at 79.987. Crude oil was up today, with WTI crude settling up 0.8% at $107.40/barrel and Brent crude trading up 0.29% at $125.80/barrel. Gold settled higher by 0.8% at $1,711.50/ounce.

The unofficial closing bells put the DJIA up 14 points to 12,921.94 (0.11%), the NASDAQ rose nearly 18 points (0.6%) to 2,988.34, and the S&P 500 rose 0.36% or nearly 5 points to 1,370.87.

There were several analyst upgrades and downgrades today, including Johnson & Johnson (NYSE: JNJ) started as ‘hold’ at Jefferies; Kohl’s Corp. (NYSE: KSS) raised to ‘buy’ at Jefferies; Weight Watchers International Inc. (NYSE: WTW) started as ‘overweight’ (!) at Barclays; D.R. Horton Inc. (NYSE: DHI), Lennar Corp. (NYSE: LEN), and Toll Brothers Inc. (NYSE: TOL) all raised to ‘outperform’ at Credit Suisse; and Arch Coal Inc. (NYSE: ACI) cut to ‘market perform’ at BMO.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Alimera Systems Inc. (NASDAQ: ALIM) is down -3.4% at $4.00; Zumiez Inc. (NASDAQ: ZUMZ) is up 5.7% at $34.16 after posting a new 52-week high of $34.44 earlier today; Aeropostale Inc. (NYSE: ARO) is up 2.6% at $19.45; Ann Inc. (NYSE: ANN) is up 6% at $27.36; Carnival Corp. (NYSE: CCL) is down -1.2% at $30.57 (more coverage here); Ferrellgas Partners LP (NYSE: FGP) is down -2.6% at $16.80; Halozyme Therapeutics Inc. (NASDAQ: HALO) is down -1.8% at $11.30; and Uranium Resources Inc. (NASDAQ: URRE) is up 3.1% at $1.00.

Other standouts from today include the following stocks:

Coffee Holding Co. Inc. (NASDAQ: JVA) is up nearly 38% at $10.81. The integrated coffee roaster and distributor posted better-than-expected quarterly results this morning.

Quest Software Inc. (NASDAQ: QSFT) is up more than 24% at $24.09. The firm has agreed to be acquired at $23/share. More coverage here.

Aastrom Biosciences Inc. (NASDAQ: ASTM) is up more than 21% at $2.21. The biotechnology company has completed a private placement of $40 million in Series B convertible preferred stock. More coverage here.

Dynegy Inc. (NYSE: DYN) is down more than -38% at $0.72 after posting a new 52-week low of $0.59 earlier today. A Delaware court ruled that the company had engaged in a “fraudulent transfer” of assets prior to its bankruptcy filing.

Zogenix Inc. (NASDAQ: ZGNX) is down nearly -18% at $2.05. The drug maker posted a wider than expected loss after the markets closed yesterday.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is down nearly -16% at $52.61. The company is being hit hard by yesterday’s announcement from Starbucks Inc. (NASDAQ: SBUX) that it will launch a single-cup espresso and coffee machine to compete with the Keurig products from Green Mountain. More coverage here and here.

Stay tuned for Monday. We have noted the following events on the schedule (all times Eastern):

11:30 a.m. – 3- and 6-month Treasury bill auction
1:00 p.m. – 3-year Treasury note auction
2.00 p.m. – US Treasury budget report

Have a great weekend.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: ACI, ALIM, ANN, ARO, ASTM, CCL, DHI, DYN, FGP, GMCR, HALO, JNJ, JVA, KSS, LEN, QSFT, TOL, URRE, WTW, ZGNX, ZUMZ

Mid-day Movers (ASTM, JVA, QSFT, GMCR, ZGNX)

Paul Ausick — Fri, 09 Mar 2012 17:03:34 +0000

Shortly before noon ET today, all three major US stock indexes have posted gains, with the DJIA up about 41 points at around12,949, the Nasdaq up about 20 points at 2,991, and the S&P 500 up more than 7 points to around 1,373. This morning’s report on US non-farm payroll gains. In Europe, the Greek debt swap deal went off smoothly, but it will be interesting to see what happens if the deal triggers a “credit event,” as many expect. The dollar is up sharply today, with the dollar index up 1.10% at 80.013. The stronger economic news is pushing up crude prices, with Brent up more than 0.50% and WTI up around 1.3%.

Among the major movers at around noon today are Aastrom Biosciences Inc. (NASDAQ: ASTM), Coffee Holding Co. Inc. (NASDAQ: JVA), Quest Software Inc. (NASDAQ: QSFT), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), and Zogenix Inc. (NASDAQ: ZGNX).

Aastrom is up more than 30% at $2.37. Volume is already about 6x the daily average of about 205,000 shares traded. The biotechnology company has completed a private placement of $40 million in Series B convertible preferred stock.

Coffee Holding Co. is up more than 26% at $9.92. Volume is already nearly 10x the daily average of about 276,000 shares traded. The integrated coffee roaster and distributor posted better-than-expected quarterly results this morning.

Quest Software is up more than 23% at $23.90. Volume is already about 16x the daily average of around 500,000 shares traded. The firm has agreed to be acquired at $23/share. More coverage here.

Green Mountain Coffee is down more than -16% at $52.21. Volume is already approaching triple the daily average of around 5.5 million shares traded. The company is being hit hard by yesterday’s announcement from Starbucks Inc. (NASDAQ: SBUX) that it will launch a single-cup espresso and coffee machine to compete with the Keurig products from Green Mountain. More coverage here.

Zogenix is down nearly -14% at $2.15. Volume is already more than double the daily average of around 555,000 shares traded. The drug maker posted a wider than expected loss after the markets closed yesterday.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: ASTM, GMCR, JVA, QSFT, ZGNX

Morning Movers (VRS, SWHC, QSFT, ZGNX, GMCR)

Paul Ausick — Fri, 09 Mar 2012 15:32:48 +0000

The three major US equities indexes opened higher this morning following a solid growth report on US non-farm payrolls. In Europe, the Greek debt swap deal went off smoothly, and in Asia, the Japanese yen is weakening, boosting the country’s exports. China also reported lower inflation growth of 3.2% in February. The dollar is gaining strength today, up 0.99% this morning at 79.920. The DJIA is up nearly 33 points at around 12,941, the Nasdaq Composite is up nearly 8 points at around 2,978, and the S&P 500 is up more than 4 points at around 1,370.

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include the Verso Paper Corp. (NYSE: VRS), Smith & Wesson Holding Corp. (NASDAQ: SWHC), Quest Software Inc. (NASDAQ: QSFT), Zogenix Inc. (NASDAQ: ZGNX), and Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR).

Verso Paper is up nearly 20% at $2.45. Volume is already more than 5x the daily average of about 144,000 shares traded. The paper maker announced yesterday that it will issue new debt of $345 in senior secured notes and has issued a tender offer for $315 million in 11.5% senior unsecured notes outstanding. Shares jumped more than 75% yesterday.

Smith & Wesson is up nearly 24% at $7.02 after posting a new 52-week high of $7.08 earlier this morning. Volume is already more than 4x the daily average of about 800,000 shares traded. The gun maker beat consensus earnings estimates after markets closed last night.

Quest Software is up nearly 22% at $23.64. Volume is already 9x the daily average of around 500,000 shares traded. The firm has agreed to be acquired at $23/share. More coverage here.

Zogenix is down more than -15% at $2.11. Volume is already higher than the daily average of around 555,000 shares traded. The drug maker posted a wider than expected loss after the markets closed yesterday..

Green Mountain Coffee is down nearly -14% at $53.71. Volume is already about double the daily average of around 5.5 million shares traded. The company is being hit hard by yesterday’s announcement from Starbucks Inc. (NASDAQ: SBUX) that it will launch a single-cup espresso and coffee machine to compete with the Keurig products from Green Mountain. More coverage here.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: GMCR, QSFT, SWHC, VRS, ZGNX

Top Active Trader Alert Stocks (RIMM, YHOO, ZGNX)

Douglas A. McIntyre — Fri, 16 Sep 2011 13:05:40 +0000

Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Research In Motion Ltd. (NASDAQ: RIMM), Yahoo! Inc. (NASDAQ: YHOO), Zogenix, Inc. (NASDAQ: ZGNX).

Research In Motion Ltd. (NASDAQ: RIMM) is down more than 22.5% premarket to $22.85, relative to a 52-week range of $21.60 - $70.54.

Yahoo! Inc. (NASDAQ: YHOO) is up 2% to $15.18, relative to a 52-week range of $11.09-$18.84.

Zogenix, Inc. (NASDAQ: ZGNX) is down 3.9% premarket to $2.09, relative to a 52-week range $2.14 – $6.90.

Filed under: Active Trader, Pre-Market Activity, Trading Alert Tagged: RIMM, YHOO, ZGNX

IPO Filing: Zogenix, Inc. (ZGNX)

Douglas A. McIntyre — Fri, 21 Mar 2008 09:15:59 +0000

Zogenix, Inc. filed last night to come public via an initial public offering of up to $86.25 million in securities sales. The company has applied to take the ticker "ZGNX" on NASDAQ. Banc of America has been listed as the lead manager in the deal, with co-managers listed as Leerink Swann, Thomas Weisel Partners, and Susquehanna Financial Group.

It has two proprietary product candidates in late-stage development for the treatment of central nervous system disorders and pain. Its lead product candidate, sumatriptan DosePro™, enables needle-free subcutaneous delivery of sumatriptan for the treatment of acute migraine. Zogenics has submitted a New Drug Application FDA, for sumatriptan DosePro in December 2007, which was accepted for filing in March 2008. The company intends to build a focused sales force in the United States and launch the product in the first quarter of 2009. Its second product candidate is ZX002, a controlled release formulation of hydrocodone for the treatment of chronic pain. This ZX002 product candidate has completed Phase II clinical trials, and it anticipates initiating the Phase III clinical program in the second half of 2008.

As the company is still in development stage, it essentially has no real revenues. The San Diego-based company was formed in May, 2006 as SJ2 Therapeutics, Inc. but changed its name to Zogenix, Inc. when it commenced operations on August 25, 2006. Its trademarks include DosePro™, Intraject® and Zogenix™.

Jon C. Ogg
March 21, 2008