Imaging3, Inc. (IMGG), VaxGen, Inc. (VXGN), and Applied DNA Sciences Inc. (APDN) were among today’s top OTC market movers.
VaxGen, Inc. (VXGN.OB: 0.769 +11.45%), which develops biologic products for the treatment of human disease, saw its shares jump more than 10 percent after its AIDSVAX – which is now held by a non-profit organization called Global [...]
Investors Business Daily has an article out on Emergent BioSolutions (EBS) that could read straight out of the blog - namely, it has a customer whose pockets are endless and a long sight line on revenue (a rarity in this market) - remember, we have 2 names who rely on government and ironically both are up today in the casino (AVAV being the other). The one thing missing from the story is the recent shelf filing (Nov 13: Emergent BioSolutions Files Shelf Offering) which has the potential to cause some serious dilution - the market has dismissed this completely; after a quick fall on the news, the stock has skyrocketed right back up. Nothing really new for blog readers but thought I'd put the story up due to the positive notice of this small cap[More...]
UPGRADES Five Star Quality Care FVE Davenport Neutral » Buy SI International SINT BB&T Capital Mkts Hold » Buy Forest Labs FRX AmTech Research Neutral » Buy Vaxgen VXGN Punk, Ziegel & Co Mkt Perform » Accumulate ITT Industries ITT Credit Suisse Neutral » Outperform Teradyne TER HSBC Securities Neutral » Overweight Boeing BA Wachovia Mkt Perform » Outperform Laboratory Corp LH Wachovia Mkt Perform » Outperform Virgin Mobile USA VM Soleil Sell » Hold Bankrate RATE Bear Stearns Peer Perform » Outperform Celgene CELG Banc of America Sec Neutral » Buy FEMSA FMX JP Morgan Neutral » Overweight National Grid NGG Lehman Brothers Equal-weight » Overweight Kimberly-Clark KMB Lehman Brothers Underweight » Equal-weight Deere DE Banc of America Sec Neutral » Buy Aetna AET JP Morgan Neutral » Overweight DIRECTV DTV Bernstein Underperform » Mkt Perform Grant Prideco GRP UBS Neutral » Buy Air France KLM AKH Citigroup Hold » Buy Royal Philips Electronics PHG Deutsche Securities Hold » Buy Tidewater TDW Jefferies & Co Hold » Buy OmniVision OVTI Robert W. Baird Underperform » Neutral
DOWNGRADES Buckeye Partners BPL SMH Capital Buy » Sell Sasol SSL Bear Stearns Outperform » Peer Perform Public Storage PSA Wachovia Outperform » Mkt Perform Amer. 1st Tax Exempt Inv. ATAXZ RBC Capital Mkts Outperform » Sector Perform Intersil ISIL Jefferies & Co Buy » Hold Casey's General CASY Friedman Billings Outperform » Mkt Perform Freddie Mac FRE UBS Buy » Neutral Fannie Mae FNM UBS Buy » Neutral Sierra Pacific SRP Deutsche Securities Buy » Hold First Marblehead FMD Friedman Billings Mkt Perform » Underperform
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