There are many active stocks this morning with big price changes for active traders and day traders to look over. We are monitoring shares of AngloGold Ashanti Ltd. (NYSE: AU), Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), Beazer Homes USA Inc. (NYSE: BZH), Harbor BioSciences, Inc (NASDAQ: HRBR), Level 3 Communications Inc. (NASDAQ: LVLT), Neurocrine Biosciences, Inc. (NASDAQ: NBIX), Novell, Inc. (NASDAQ: NOVL), Savient Pharmaceuticals Inc. (NASDAQ: SVNT), and UTStarcom, Inc. (NASDAQ: UTSI).
AngloGold Ashanti Ltd. (NYSE: AU) was down 4.5% at $44.62 on over 500,000 shares after a mine accident closed down a mine after a worker’s death.
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) is down after its weight loss drug candidate is in trouble. Shares are down 6.8% at $3.85 on over 200,000 shares.
Beazer Homes USA Inc. (NYSE: BZH) is down after saying that it might miss order expectations this quarter and cut estimates for the year on land costs. Shares are down 4.6% at $4.33 on thin volume.
Harbor BioSciences, Inc (NASDAQ: HRBR) is soaring by 60% at $0.38 after its prostate cancer drug shows partial overall response.
Level 3 Communications Inc. (NASDAQ: LVLT) is recovering after pricing its $175 million 6.5% Convertible Senior Notes due 2016 with an initial conversion price of $1.235 per share. Shares were hit yesterday but the stock is up 4.25 at $0.99 on recovery mode after an obvious Over-Sale yesterday.
Neurocrine Biosciences, Inc. (NASDAQ: NBIX) is down after its major depressive disorder drug candidate was ineffective. Shares were down by 9.6% at $5.65 on more than 300,000 shares last night and shares are trading around $5.67 on last look this morning.
Novell, Inc. (NASDAQ: NOVL) is up on word that it may sell the company in two parts; sshares are up 6% around $5.90 on close to 1 million shares.
Savient Pharmaceuticals Inc. (NASDAQ: SVNT) is soaring after the FDA finally approvedits gout drug, about a year or two later than many expected. Shares are up 27% at $18.81 on more than 1 million shares.
UTStarcom, Inc. (NASDAQ: UTSI) is up 7.25% at $2.07 after the company announced a contract from Jinan, Shandong Province to accelerate its network transformation and integration.
Radware Ltd. (NASDAQ: RDWR) was yesterday’s big rumor move higher but shares are down slightly this morning.
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JON C. OGG