Stocks In Focus: BZH, SVNT, GTXI
Wednesday, September 15, 2021 8:27 AM

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Beazer Homes USA Inc. (NYSE: BZH) on Wednesday lowered its guidance on new home orders for the year, citing a slower-than-anticipated improvement in new home orders after the expiration of the extended First-Time Homebuyer Tax Credit which ultimately expired in April 2010. The company now expects that new home orders will be between 700 and 800 homes for the fourth quarter of fiscal 2010, resulting in year-over-year new home orders that may be above or below Fiscal 2009 results. The company previously had said that it expected new home orders for Fiscal 2010 to be higher than fiscal 2009's level of 4,205 homes. Through June 30, 2010, the company reported 3,438 orders for new homes, meaning the company expected 4th quarter new home orders of at least 767 homes. This compares to 1,012 new home orders in the 4th quarter of last year.

Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) late Tuesday announced that the U.S. Food and Drug Administration has approved KRYSTEXXA, a PEGylated uric acid specific enzyme indicated for the treatment of chronic gout in adult patients refractory to conventional therapy. Shares of the company soared more than 27% in pre-market trading.

GTx, Inc. (NASDAQ: GTXI) rose more than 4% in pre-market trading after it announced that in a Phase II, open label, pharmacokinetic-pharmacodynamic clinical trial, GTx-758, an oral selective estrogen receptor alpha agonist being developed to treat advanced prostate cancer, suppressed serum total testosterone to castrate levels, increased serum SHBG (sex hormone binding globulin), and markedly reduced serum free testosterone in healthy male volunteers.

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

 

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