Monday, July 2, 2012
Hot Stocks Of The Day (TGAL, RITT, DSTI, HZNP, GNRC)
Tegal Corporation (NASDAQ:TGAL) stock soared 50.28% to $5.41 in the early hour after the company announced that it has signed a definitive agreement to acquire CollabRx, Inc. Upon the acquisition’s closing, Tegal will issue an aggregate of 236,433 shares of common stock, representing 14% of Tegal’s total shares outstanding prior to the closing, to former CollabRx stockholders in exchange for 100% of the capital stock of CollabRx, Inc.
Additionally, the company said it expects to appoint James Karis as Co-CEO of Tegal Corporation. The appointment will be effective upon completion of Tegal’s pending acquisition of CollabRx, Inc, where Mr. Karis currently serves as CEO and a director. Mr. Karis will join Tegal’s Chairman, President and current CEO Thomas Mika in the Co-CEO role.
RiT Technologies Ltd. (NASDAQ:RITT) stock surged 26.67% to $3.23 in the morning hour after the company announced that its 2012 Annual General Meeting of Shareholders will be held on Tuesday, July 24, 2012 at 10:00 a.m. (Israel time), at the offices of the Company, 24 Raoul Wallenberg Street, Tel Aviv, Israel. The Company will send to its shareholders of record a proxy statement describing the various matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote on each matter.
DayStar Technologies Inc. (NASDAQ:DSTI) shares climbed 34.07% to $1.81 in the early hour on no official news. The 52 week trading range for the company is $0.90 - $4.20. The shares of the company have plunged over 50% in the last one year. The company has developed a thin film deposition technology for solar photovoltaic (PV) products.
Horizon Pharma Inc (NASDAQ:HZNP) stock climbed 11.63% to $7.96 in the early hour after the company announced that Todd N. Smith, Executive Vice President and Chief Commercial Officer, will present at the JMP Securities Healthcare Conference on Thursday, July 12, 2012 at 12:00 p.m. Eastern Time in New York, NY. Mr. Smith will provide an overview of the Company and its corporate activities.
Generac Holdings Inc. (NYSE:GNRC) stock gained 6.64% to $19.26 in the morning hour. The company announced in May that it would pay a special cash dividend of $6.00 per share to its shareholders, payable to stockholders of record on June 20 and paid on June 2. The ex-dividend date is July 2.