Netflix, Inc.(NASDAQ:NFLX) stock fell 0.86% to $56.53 after Macquarie assumed coverage on shares of Netflix and the firm issued an underperform rating on the stock. Macquarie research analyst Tim Nollen put a $50 price target on the stock because media companies hold the upper hand and in keeping with the analysts positive thesis on media names like Time Warner and CBS, they believe content owners rule the roost; Netflix is a price taker in an increasingly competitive market.
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Telestone Technologies Corporation (NASDAQ:TSTC) stock surged 47.83% to $2.45. The 52 week trading range for the company is $1.27 - $9.55. The shares of the company declined 64% in the last one year. The company is an access network solutions provider serving the Chinese market. The Company’s access network solutions include research and development, and application of access network technology.
Biosante Pharmaceuticals Inc(NASDAQ:BPAX) shares climbed 14.96% to $2.15 in the morning hour. The company announced that the independent Data Monitoring Committee or DMC has completed the ninth unblinded review of the LibiGel Phase III cardiovascular events and breast cancer safety study. The independent DMC has recommended that the LibiGel safety study should continue as per the FDA-agreed protocol, without modifications. LibiGel is in development for the treatment of female sexual dysfunction or FSD, specifically, hypoactive sexual desire disorder or HSDD in menopausal women.
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Catalyst Pharmaceutical Partners, Inc.(NASDAQ:CPRX) shares jumped 18.06% to $1.83. The 52 week trading range for the company is $0.50 - $1.97. The shares of the company fell 13% in the last one year. The Company is focused on the development and commercialization of prescription drugs targeting addiction diseases and disorders of the central nervous system with a focus on the treatment of addiction and epilepsy.
Harris Interactive Inc.(NASDAQ:HPOL) shares climbed 3.82% to $1.36 in the early hour after the company announced a first of its kind collaboration with Google's recently launched Google Consumer Surveys to offer a new choice for consumers of market research. Google Consumer Surveys and the Harris Poll have partnered to develop and bring to market a new product that allows businesses, both large and small, to compare themselves to industry benchmarks at a fraction of the cost of traditional market research.