Hot Stocks Of The Day: OXGN, PCX, CYCC, ENTR, AONE
Monday, September 13, 2021 11:23 AM

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US stocks rallied on Monday, a day after the regulators agreed on a set of new capital rules to strengthen the global banking system. 

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

Shares of  OXiGENE, (NASDAQ: OXGN) soared more than 19% after the company announced that positive results from a randomized, controlled, Phase 2/3 study of ZYBRESTAT were presented today at the 14th International Thyroid Congress in Paris, France by Rossella Elisei, M.D., of the University of Pisa. In this 80-patient study, the median overall survival time was 5.1 months for patients who received ZYBRESTAT and chemotherapy when compared with a median survival time of 4.1 months for patients receiving chemotherapy alone (Hazard Ratio 0.71), which represents a 29% reduction in the risk of dying for patients receiving ZYBRESTAT and chemotherapy. Of patients treated with ZYBRESTAT and chemotherapy, 48% were alive at six months, compared with 37% percent of patients treated with the control arm regimen. At one year, 23% of patients treated with ZYBRESTAT and chemotherapy were alive compared to 9% of patients treated with chemotherapy alone. The most common side effects reported with ZYBRESTAT and chemotherapy were neutropenia, transient hypertension and tumor pain.

Patriot Coal Corporation (NYSE: PCX) slumped more than 3% on Monday, a day after the company announced that its 2010 third quarter sales volume is expected to be in the range of 7.5 to 7.7 million tons, down about 10 percent from earlier estimates. The expected shortfall in shipments is similarly split between thermal and metallurgical coal. The coal producer said that lower volume is primarily related to sporadic downtime at the Federal and Panther longwall operations, difficult geological conditions during the quarter at the Wells and Big Mountain complexes and continued heightened regulatory oversight. 

Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC) jumped more than 17% after the  biopharmaceutical company announced that it has reached agreement with the U.S. Food and Drug Administration regarding a Special Protocol Assessment on the design of a pivotal Phase 3 trial for the Company's sapacitabine oral capsules as a front-line treatment in elderly patients aged 70 years or older with newly diagnosed acute myeloid leukemia who are not candidates for intensive induction chemotherapy.

Entropic Communications, Inc. (NASDAQ: ENTR) surged more than 11% after it announced that expected revenue in the third quarter of 2010 will be stronger than the company's previous outlook, which was provided on July 28, 2010. Entropic now expects third quarter revenue to range between $60 million and $61 million, an increase of 47 percent to 50 percent from the company's revenue of $40.7 million in the second quarter, ended June 30, 2010. The company's previous guidance for the third quarter was for revenue to range between $51 million and $53 million. In addition, the company said that it expects GAAP net income per share for the third quarter of approximately 13 cents to 14 cents and non-GAAP net income per share of approximately 16 cents to 18 cents. Analysts, on average, currently expect the company to report third-quarter earnings of 13 cents per share on revenue of $51.91 million.

A123 Systems (NASDAQ: AONE) rallied more than 8% after it announced the grand opening of the largest lithium ion automotive battery production facility in North America, based on available data. The new plant in Livonia, Mich. is expected to expand A123's manufacturing capabilities by up to 600MW hours per year when fully operational, contributing to the company's plan to expand global final cell assembly capacity to more than 760MW hours annually by the end of 2011. 

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

 

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Market news:

  • Jets beat Bengals 26-10 with big plays by Smith Nov 26, 2021 04:13 AM

    • EAST RUTHERFORD, N.J. - Even missing a shoe, Brad Smith didn't miss a step.
    • The Jets' Mr. Everything sparked New York to its second-best start after scoring on an 89-yard kickoff return - during which a cleat slipped off - and also had a 53-yard touchdown run in a 26-10 victory over the Cincinnati Bengals on Thursday night.
    • Notes: The Jets improved to 4-3 on Thanksgiving, while the Bengals made their debut on the holiday.
      • Iraq Kurdish leader: A uniter in a divided nation Nov 26, 2021 03:46 AM

        • In his five years as Iraq's president, Jalal Talabani has shown a remarkable ability to rise above the ethnic and religious divisions defining the country's political scene - sometimes at the expense of his own Kurdish identity.
        • But in rejecting the death sentence against Aziz - a Christian who was Saddam's longtime foreign minister - Talabani offered Iraq's small Christian minority a significant goodwill gesture at a time of deep uncertainty over its future in the wake of deadly attacks since 2003.
        • In polarized Iraq, most politicians press an unflinching sectarian or ethnic line - whether Sunni, Shiite or Kurdish - in a zero-sum game where another sect's win is often seen as your sect's loss.
          • Critics say Obama lagging on endangered species Nov 26, 2021 03:46 AM

            • WASHINGTON - Environmental groups are criticizing the Obama administration for what they say is a continuing backlog of plants and animals in need of protection under the Endangered Species Act.
            • The Fish and Wildlife Service says 251 species are candidates for endangered species protection, four more than a similar review last year found.
            • Environmental groups say that shows the Obama administration has done little to improve on what they consider a dismal record on endangered species under President George W. Bush.
              • Japan election sure to show opposition to US base Nov 26, 2021 03:35 AM

                • TOKYO - An election Sunday for the governor of a southern Japanese island where a controversial U.S. Marine base is located is likely to cause more problems for Japan's relations with key ally the United States, as both leading candidates want the facility off the island.
                • The U.S. Futenma air base has been located on Okinawa island since 1945, and residents have long complained it produces aircraft noise and crime.
                • A 2006 deal between the U.S. and Japan to relocate the base to a less crowded location on Okinawa has sunk into stalemate.
                  • Gimmicks, long hours greet 'Black Friday' shoppers Nov 26, 2021 02:48 AM

                    • After weeks of "Black Friday" sales pitches, the real thing is finally here.
                    • Retailers are ushering in the traditional kickoff of the U.S. holiday shopping season on Friday with expanded hours, deep discounts and online deals to draw bargain-hungry shoppers.
                    • In a bid to grab shoppers earlier, a number of stores including Old Navy, Toys R Us and Sears opened on Thanksgiving Day.

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