We have several day trader and active trader alert stocks on the move this morning. Stocks on the move are First Solar Inc. (NASDAQ: FSLR), Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), Neurocrine Biosciences Inc. (NASDAQ: NBIX), Discovery Laboratories Inc. (NASDAQ: DSCO), Oncothyreon Inc (NASDAQ: ONTY), and NVIDIA Corporation (NASDAQ: NVDA). We have listed the news and the reactions and offered background data or color where applicable.
First Solar Inc. (NASDAQ: FSLR) is trading higher after Credit Suisse upgraded the solar player to Outperform from Neutral and gave it a $150 target price. Shares are up 4.4% at $124.02 this morning.
Fannie & Freddie are at it again…. Fannie Mae (NYSE: FNM) is down another 14% at $0.48 on active volume and Freddie Mac (NYSE: FRE) is trading down 13% at $0.65 on slightly less volume. This is after large price drops yesterday based upon the FHFA requesting delisting from the NYSE.
Neurocrine Biosciences Inc. (NASDAQ: NBIX) is trading up 4.3% at $5.60 after it and Boehringer announced a pact to develop diabetes drug that is a small molecule GPR119 agonist for the treatment of Type II diabetes and other indications. That is after the Abbott deal yesterday.
Discovery Laboratories Inc. (NASDAQ: DSCO) is down 15% after a common stock and warrant offering was proposed a day after it received financing from Kingsbridge Capital.
Oncothyreon Inc (NASDAQ: ONTY) is up 20% at $4.35 after the company announced that Merck-Serono is resuming the Stimuvax clinical program in lung cancer.
NVIDIA Corporation (NASDAQ: NVDA) is trading up after Jim Cramer gave the company a Buy signal last night on CNBC’s MAD MONEY. Shares closed at $11.77 and are up about 3.1% at $12.14 this morning on more than 50,000 shares.
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