Friday, July 6, 2012

Hot Stocks Of The Day (SHP, CBK, DYN, ALXA, NAV)

ShangPharma Corp (ADR)(NYSE:SHP) is moving higher by 18.60% to $8.16 in the opening session as the company received an offer to go private valuing the company in the range of $8.50-$9.50 a share. The Shanghai-based research firm said it formed a special committee to study the going-private offer, which was made by its Chief Executive Officer Michael Xin Hui and entities affiliated with TPG Star Charisma Ltd.
Christopher & Banks Corporation(NYSE:CBK) slumped 4.70% after its board of directors had rejected an unsolicited acquisition proposal form Aria Partners for $1.75 per share, noting that a its “new management team’s strategic plan. . . has already begun to demonstrate signs of progress.”
Dynegy Inc.(NYSE:DYN) voluntarily filed for Chapter 11 bankruptcy protection to facilitate the settlement agreement between its Dynegy Holdings LLC unit and its creditors. The settlement reshifts Dynegy Holding’s coal assets, which were transferred to Dynegy Inc. shareholders, back to creditors. While a dissident group of junior creditors agreed to drop their opposition to the power provider’s restructuring proposal. The settlement, which was approved by a U.S. bankruptcy court earlier this month, also provides for Dynegy and Dynegy Holdings to merge. It is expected that Dynegy Inc. will be the surviving company.
Alexza Pharmaceuticals, Inc.(NASDAQ:ALXA) plunged 13% after the U.S. Food and Drug Administration has accepted its resubmitted new drug application for Adasuve, a schizophrenic and bipolar disorder treatment, and has set a goal date of Dec. 21. The drug has been used for years, but combined with Alexza’s inhaler delivery system, it is proposed to provide rapid action and simple administration.
Navistar International Corp(NYSE:NAV) lost 8% after the company confirmed its plans to adopt the same process for treating diesel-engine emissions used by its rivals in an attempt to reverse falling truck sales and regulatory uncertainty that have caused its stock price to collapse and made the company the subject of takeover speculation. The system, which the company is calling In-Cylinder Technology Plus, is expected to be available beginning early next year.

1 comment:

  1. Thanks for the tips; I've had good luck with a lot of those stocks in the past. I actually get a lot of my tips from this thing called Daily Market Advantage; it basically takes information from market experts and automated software and tells you which stocks will rise in price. It's been right most of the time in my experience. Here's a good review of it if you're interested: http://stockmarketsystems.org/wp/daily-market-advantage/


Privacy Policy | Legal Disclaimer