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.
Will
NFLX Rebound After The Recent Slump? Find Out Here
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.
How
Should Investors Trade BPAX Now? Find Out Here
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.
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