Hot Stocks Of The Day: JAZZ, LOPE, MVIS, HEB
Wednesday, August 18, 2021 12:32 PM

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US stocks were little changed on Wednesday as investors stayed on the sidelines amid a lack of trading cues.

Below we highlight few companies whose shares are actively trading in Wednesday's session.

Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) rallied as much as 12% on Wednesday after US Food and Drug Administration said that its drug sodium oxybate, or JZP-6, effectively treated pain from fibromyalgia. 

Shares of Grand Canyon Education, Inc. (NASDAQ: LOPE) jumped more than 9% on Wednesday after the for-profit education company  announced today that, following the close of the markets on Tuesday, August 17, 2010, the United States District Court for the District of Arizona filed an order approving a settlement agreement between the company and the and an ex-employee in the False Claims Act case. Under the terms of the agreement, the company will pay an aggregate settlement amount of $5.2 million to the United States and the relator and, in return, the company will receive a release from all future False Claims Act claims and from all future US Department of Education administrative actions.

Shares of Microvision, Inc. (NASDAQ: MVIS) surged as much as 10% on Wednesday, a day after announced that it has secured a committed equity financing facility under which it may sell up to $60 million of its shares of common stock to Azimuth Opportunity, Ltd. over a 24-month period. Microvision is not obligated to use the facility and remains free to enter into and consummate other equity and debt financing transactions.

Hemispherx Biopharma, Inc. (AMEX: HEB) soared more than 15% after it announced that its six-year litigation battle with the South African investment conglomerate JCI Ltd., traded on the Johannesburg Stock Exchange, ended in victory August 11, 2010, with the entry of a $188 million judgement in Hemispherx's favor and against Johannesburg Consolidated Investments (JCI) and former JCI officers R.B. Kebble and H.C. Buitendag. 

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • E-mails show struggle to guess size of Gulf spill Nov 25, 2021 03:06 AM

    • WASHINGTON - A review of thousands of government e-mails from last summer shows that the Obama administration struggled behind the scenes to determine just how much oil was leaking into the Gulf of Mexico from a broken BP well.
    • The e-mails, obtained by The Associated Press through a Freedom of Information request, also show how the government defended estimates of the extent of the oil spill that for months were inaccurate.
    • The e-mails hint at uncertainties in what the government knew during the summer, even as its scientists wrestled over how to measure oil leaking from a runaway well a mile under the ocean.
      • Mexico sending more troops to violent border zone Nov 25, 2021 02:15 AM

        • MEXICO CITY - Mexico's violent northeastern corner near the U.S. border will get a boost in troops and federal police as the government tries to wrest back control of an area that has become a battleground for two rival drug cartels.
        • The new mission, "Coordinated Operation Northeast," aims to reinforce government authority in Tamaulipas and Nuevo Leon - the two states under the heaviest attack since the formerly allied Gulf and Zetas gangs split.
        • The government also wants to keep the cartels from regrouping after the loss of key leaders, federal police spokesman Alejandro Poire said Wednesday.
          • Aust. deports US man convicted in wife's death Nov 25, 2021 01:52 AM

            • CANBERRA, Australia - An American man returns on Thursday to the United States where he could face prosecution for drowning his wife during their 2003 honeymoon on the Great Barrier Reef, a crime for which he has served 18 months in an Australian prison.
            • Gabe Watson, 33, was deported on a commercial flight Thursday from the southern Australian city of Melbourne to Los Angeles accompanied by two Immigration Department staff and three Queensland state police officers, Immigration Minister Chris Bowen said.
            • Australia, a stanch opponent of capital punishment, delayed his deportation until it received a pledge from the U.S. government that it would not seek the death penalty against Watson.
              • SKorea boosts security as NKorea issues warning Nov 25, 2021 01:20 AM

                • INCHEON, South Korea - South Korea's president vowed Thursday to boost troops on an island targeted by a North Korean artillery barrage, while the North stridently warned of additional attacks if the South carries out any "reckless military provocations."
                • Seoul and Washington also increased pressure on China to use its influence on ally North Korea to ease soaring tensions that erupted after an exchange of fire Tuesday that left four South Koreans dead - including two civilians.
                • The North's bombardment of a tiny South Korean island of Yeongpyeong along a disputed maritime frontier alarmed world leaders including President Barack Obama, who reaffirmed plans for joint maneuvers with Seoul involving a nuclear-powered aircraft carrier in the Yellow Sea starting Sunday.
                  • Go for turkey, not stuffing to keep the weight off Nov 25, 2021 12:44 AM

                    • LOS ANGELES - More turkey, less white bread and mashed potatoes.
                    • Just in time for holiday feasting, a large study found that diets higher in protein and lower in carbohydrates can help overweight adults who managed to drop some weight keep it off.
                    • European researchers led by Denmark's University of Copenhagen think they have a solution to break the cycle.

                      More news


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