Thursday, July 5, 2012
Hot Stocks Of The Day (PCX, NSPH, SXCI, OSUR, BKE)
Patriot Coal Corporation (NYSE:PCX) stock soared 24.46% to $2.29 in the early hour on no official news. However, Peabody Energy CEO Gregory Boyce last week stated that they expect global metallurgical coal use to increase 25% by 2016, translating to an additional 250 million tons of demand growth, with the bulk of increases led by China and India. This will benefit coal stocks. The 52 week trading range for the company is $1.02 - $24.99. The shares of the company declined 89% in the last one year.
Nanosphere, Inc. (NASDAQ:NSPH) stock fell 2.01% to $2.92 in the morning hour. The shares of the company shares was upgraded by Jefferies to buy from hold, citing anticipations for its recently Food and Drug Administration permitted gram-positive bloodstream infection test to drive a significant acceleration in new system placements and revenue. Also, the research company lifted the price target for the company to $5 per share from $2 per share.
SXC Health Solutions Corp. (USA) (NASDAQ:SXCI) shares climbed 3.05% to $99.81 in the early hour. The company on July 2, 2012, announced that it has completed its previously disclosed merger of Catalyst Health Solutions, Inc. with a wholly-owned subsidiary of SXC. The transaction creates the fourth largest PBM by prescription volume, with an annual prescription volume of more than 200 million adjusted PBM scripts.
OraSure Technologies, Inc. (NASDAQ:OSUR) shares gained 5.45% to $12.76 in the morning hour. The company, on July 3, 2012, announced that the U.S. Food and Drug Administration (FDA) has approved the company's OraQuick(R) In-Home HIV Test for sale directly to consumers in the over-the-counter (OTC) market, making it the first and only rapid OTC HIV test approved in the U.S. It is the first rapid diagnostic test for any infectious disease that has been approved by the FDA for sale over the counter.
The Buckle, Inc. (NYSE:BKE) stock declined 4.97% to $37.75 in the early hour after the company announced that comparable store net sales, for stores open at least one year, for June 2012 decreased 2.5% from comparable store net sales for the same period in July. Net sales for June 2012 decreased 0.3% to $79.4 million from net sales of $79.6 million for the prior year five-week fiscal month ended July 2, 2011.