A123 Systems,
Inc.(NASDAQ:AONE) shares increased 13.52% to $0.284. The company received
notice from the Nasdaq last month that its stock price is too low for exchange
standards and will be delisted if it does not recover to $1 in the next six
months. The company said in a securities filing that it has until February 19
to increase its share price back to $1, which it breached more than a month
ago. The shares of the company fell 20% in the last one month.
Will AONE Continue To
Move Higher? Find Out Here
Coldwater Creek
Inc.(NASDAQ:CWTR) shares climbed 14.46% to $0.950 in the early hour. The
company announced that its board of directors has approved a 1-for-4 reverse
stock split of its common stock. The reverse split will become effective and
Coldwater Creek common stock will begin trading on a split-adjusted basis when
trading begins on October 4, 2012.
Additionally, Piper
Jaffray today raised its rating on Coldwater from Neutral to Overweight and
increased its price target from $1 to $2.
Synta Pharmaceuticals
Corp.(NASDAQ:SNTA) shares jumped 10.63% to $8.43 after the company announced
results from an interim analysis of the Phase 2b portion of the GALAXY trial, a
global, randomized, multi-center Phase 2b/3 study designed to evaluate the
efficacy and safety of the Company’s lead Hsp90 inhibitor, ganetespib, as second-line
treatment for advanced non-small cell lung cancer (NSCLC). The results showed
good tolerability for the combination of ganetespib (G) and docetaxel (D), as
well as meaningful improvements in overall survival (OS) in adenocarcinoma
patients receiving docetaxel plus ganetespib compared to those receiving
docetaxel alone.
CVR Energy,
Inc.(NYSE:CVI) stock gained 9.17% to $40.12 after CVR Refining LP, an associate
of CVR Energy Inc (CVI.N), filed with regulators to raise up to $300 million in
an initial public offering of its common units. The downstream energy limited
partnership listed Credit Suisse and Citigroup as lead underwriters to the
offering.
Additionally, CVR
Refining intends to list its common units on the New York Stock Exchange under
the symbol "CVRR".
TRW Automotive
Holdings Corp.(NYSE:TRW) stock jumped 8.03% to $47.22 after the company
announced that its Board of Directors has authorized a $1 billion share
repurchase program. The repurchase program, which will commence in the fourth
quarter of this year, is expected to be executed over two years.
EXCO Resources
Inc(NYSE:XCO) stock climbed 5.12% to $8.42. The company announced that it will
be releasing third quarter 2012 results on Monday, October 29, 2012, after
market close. EXCO will host a conference call on Tuesday, October 30, 2012, at
8:00 a.m. (Dallas time) to discuss the contents of this release and respond to
questions.
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