TOP DAY TRADER ALERTS (AEZS, AFFY, BIDU, BP, AIPC)
There are several stocks on the move this morning. Aeterna Zentaris Inc. (NASDAQ: AEZS) announced positive study data for its growth hormone treatment. Shares are up almost 7% at $1.26 on over 75,000 shares in the pre-market. Affymax, Inc. (NASDAQ:…
There are several stocks on the move this morning.
Aeterna Zentaris Inc. (NASDAQ: AEZS) announced positive study data for its growth hormone treatment. Shares are up almost 7% at $1.26 on over 75,000 shares in the pre-market.
Affymax, Inc. (NASDAQ: AFFY) is down huge after reporting that its anemia drug met primary endpoints. Shares closed at $23.01, but the stock is down almost 65% at $8.07 on over 1.7 million shares.
Baidu, Inc. (NASDAQ: BIDU) is rallying with stocks and with China after the Yuan de-pegging news from the weekend. Shares are up 3.3% at $76.59 on about 150,000 shares.
BP plc (NYSE: BP) is down 3.6% at $30.62 on heavy ADR volume. The oil giant has said that the costs of cleaning up the oil spill already reached $2 billion. Weekend reports put the company at raising up to $50 billion through debt and via asset sales. The worst case scenario now have the leak being up to 100,000 barrels a day.
American Italian Pasta Co. (NASDAQ: AIPC) is soaring on active trading of more than 2 million shares after Ralcorp Holdings Inc. (NYSE: RAH) agreed to buy the company out for $1.2 billion. Shares are up 26% at $52.62, well above the $44.00 high of the last 52-weeks.
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JON C. OGG
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.