Thursday’s Big Stocks on the Move (CNQR, DUSA, GHDX, GNC, LOCK, MNST, PTN, QCOM, SGEN, TNK, WFM)

November 8, 2012 by Jon C. Ogg

We have many stocks moving this morning. 24/7 Wall St. has tracked moves in shares of the following: Concur Technologies Inc. (NASDAQ: CNQR), DUSA Pharmaceuticals Inc. (NASDAQ: DUSA), Genomic Health Inc. (NASDAQ: GHDX), GNC Holdings Inc. (NYSE: GNC), LifeLock Inc. (NYSE: LOCK), Monster Beverage Corp. (NASDAQ: MNST), Palatin Technologies Inc. (NYSEMKT: PTN), Qualcomm Inc. (NASDAQ: QCOM), Seattle Genetics Inc. (NASDAQ: SGEN), Teekay Tankers Ltd. (NYSE: TNK) and Whole Foods Market Inc. (NASDAQ: WFM). The move and a brief news summary has been included on each.

DUSA Pharmaceuticals Inc. (NASDAQ: DUSA) is up huge, by 38% to $8.00 per share, but on thin volume after the company is being acquired by Sun Pharma for $215 million or $8.00 per share in cash.

Concur Technologies Inc. (NASDAQ: CNQR) posted a loss after items and its stock is down 8.4% at $59.50 this morning on 30,000 shares.

Genomic Health Inc. (NASDAQ: GHDX) posted net income of $3.7 million and said it is on target to launch its test in the first half of 2013. Not good enough! Shares are down 7.3% at $29.55.

GNC Holdings Inc. (NYSE: GNC) shares are down after news of a secondary offering surfaced after the close. Its shares are down almost 2% at $35.02.

LifeLock Inc. (NYSE: LOCK) managed to post positive earnings, and it guided earnings to $0.06 to $0.07 per share for its fourth quarter. The negativity here has remained since its IPO, but shares have recovered a bit since the analyst quiet period ended. Shares have not traded this morning but were up big last night.

Monster Beverage Corp. (NASDAQ: MNST) did not hold up well with earnings and guidance after concerns over the energy drinks’ safety profile has become controversial. Shares are down 11% at $40.00.

Palatin Technologies Inc. (NYSEMKT: PTN) is surging on news that it reported positive Phase IIb results for its Bremelanotide in a female sexual dysfunction trial. Shares are up 20% so far on thin volume. This is a very thinly traded stock and the market cap was only $25 million before the news.

Primo Water Corp. (NASDAQ: PRMW) managed to beat earnings after having been a huge disappointment since it came public. Volume is thin but shares are up 30% around $1.30 this morning so far.

Qualcomm Inc. (NASDAQ: QCOM) is up over 7% above $62.00 this morning after beating earnings and raising guidance.

Seattle Genetics Inc. (NASDAQ: SGEN) is down over 11% to $21.63. The company posted a narrower loss but the stock was downgraded to Sell by Cantor Fitzgerald.

Teekay Tankers Ltd. (NYSE: TNK) posted a dividend of $0.02 per share per quarter. Unfortunately, its last payout was $0.12 per share. Ouch! This shipper is down 6% at $3.20 but this one was down by over 11% at $3.00 last night.

Whole Foods Market Inc. (NASDAQ: WFM) appeared to beat earnings and raised its dividend, but valuation is an issue here at the premium and high-end grocer. This is down over 2% to $93.75 this morning.