Supernus Pharmaceuticals Soars 21% On Proposal (SUPN, GALE, AIR, APH, WHX)

Supernus Pharmaceuticals Inc (NASDAQ:SUPN) is one of the top percentage gainers in NASDAQ. The stock soared 21.61% to $13.0. Recently, the Company announced that it received a tentative approval letter from the Food & Drug Administration for Trokendi XR. This is a once-daily extended release formulation of topiramate. The letter states that the FDA completed its review of the Trokendi XR NDA and that no additional clinical trials are required.

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Galena Biopharma Inc (NASDAQ:GALE) climbed up 18.72% to $2.04. The Company announced the issuance of a key patent, originally allowed in March 2012 from the U.S. Patent and Trademark Office covering the use of NeuVax. NeuVax is a vaccine for inducing immunity to breast cancer recurrence in patients having low-to-intermediate IHC levels of 1+ or 2+ and a FISH rating of less than 2.0.

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AAR Corp (NYSE:AIR) soared 13.34% to $14.36. The Company reported fourth quarter net income of $12.9 million or $0.32 per share compared to $21.4 million or $0.52 per share in the prior quarter last year. Sales for the quarter were $563.3 million compared to $487.8 million in the previous year quarter. However, analysts expected the Company to earn $0.46 per share for the quarter.

The Board of Directors declared a quarterly cash dividend of $0.075 per share. The dividend will be paid on August 9, 2012

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Amphenol Corporation (NYSE:APH) increased 14.15% to $58.63 on a traded volume of 2.27 million shares after the Company reported second quarter results. Diluted earnings per share were $.86 compared to $.85 per share in the prior year period. Sales were $1.061 billion compared to $1.018 billion in the previous year period.

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Whiting USA Trust I (NYSE:WHX) plunged 24.92% to $12.26 on a traded volume of 1.15 million shares. The 52-week range of the stock $11.60 and $19.15.The Company has Price/Sales ratio of 5.31 and Price/Book ratio of 5.35. The 50-Day Moving Average and 200-Day Moving Average prices is $17.48 and $17.50 respectively.