Hot Stocks Of The Day: BSDM, APRI, RPRX, LRAD, FALC
Wednesday, September 29, 2021 11:45 AM

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US stocks declined on Wednesday  as renewed worries about the health of Europe's banks spooked investors.

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

BSD Medical Corporation (NASDAQ: BSDM) rallied as much as 5% after it announced that a patent has been issued to the company for a new class of heat therapy applicators (antennas). The company said that United States patent office issued the new patent, “Transparent electromagnetic applicator and hyperthermia treatment method,” to BSD for a unique design for antennas that provides significant benefits for heat therapy applications.

Apricus Biosciences (NASDAQ: APRI) sank more than 19% on Wednesday after the company announced that it has entered into agreements with selected investors to sell up to 1,728,882 Units at a price per Unit of $5.40, for aggregate gross proceeds of approximately $9.3 million. Each Unit consists of three shares of common stock and one warrant, exercisable at a price of $2.27 per share. The warrants may be exercised at any time after six months from the date of the closing and will expire after five years. The offering is expected to close on or about October 4, 2010, subject to customary closing conditions.

Repros Therapeutics Inc. (NASDAQ: RPRX) slumped more than 22% after the company announced that its Board of Directors has approved a 1-for-4 reverse split of its common stock, which is expected to be effective upon the close of trading on October 14, 2010. The reverse split is part of the company's plan to regain compliance with the $1.00 minimum bid price required for continued listing on the Nasdaq Capital Market. The company anticipates that its common stock will begin trading on a split adjusted basis on the Nasdaq Capital Market when the market opens on October 15, 2010. Beginning on that date, Repros' common stock will trade for 20 trading days under ticker symbol "RPRXD" to provide notice of the reverse stock split. 

LRAD Corporation (NASDAQ: LRAD) soared more than 48% after the company announced that it has received a LRAD systems and maintenance order from a foreign government for one of its military services totaling approximately $17.6 million. The LRAD systems order totals over $12.1 million and is scheduled to ship in the first half of the Company's fiscal year 2011 (October 1, 2021 - March 31, 2022). As part of the order, LRAD Corporation also received a multi-year maintenance agreement worth approximately $5.5 million. Under the terms of the agreement, the company will establish and outsource several maintenance locations in the country where the order originated. The foreign government is not being disclosed at this time per the terms of the order.

FalconStor Software, Inc. (NASDAQ: FALC) tumbled as much as 30% on Wednesday after the company announced that its President, Chief Executive Officer and Chairman of the Board, ReiJane Huai, resigned from all of his positions with the Company, effective immediately.

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

 

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Market news:

  • Favre hurts chin late in game; carted off field Oct 31, 2021 07:27 PM

    • FOXBOROUGH, Mass. - Brett Favre was carted off the field midway in the fourth quarter Sunday with a face laceration.
    • But Favre then sank to the ground as Vikings trainers rushed onto the field, and they helped him to the sideline.
    • Favre, who did not appear bothered by two fractures in his left foot that initially jeopardized his availability Sunday, extended his NFL record consecutive starts streak to 292.
      • Iraqi forces free hostages from church; 19 killed Oct 31, 2021 07:17 PM

        • BAGHDAD - Islamic militants held around 120 Iraqi Christians hostage for nearly four hours in a church Sunday before security forces stormed the building and freed them, ending a standoff that left at least 19 people dead, U.S. and Iraqi officials said.
        • Security officials said the militants, who were allegedly linked to al-Qaida in Iraq, were on the phone with Iraqi authorities demanding the release of imprisoned female insurgents when security forces stormed the building.
        • A U.S. Army spokesman, Lt. Col. Eric Bloom, said at least 19 people were killed - seven hostages, seven Iraqi security troops and five militants.
          • Militants hold 100 Iraqi Christians hostage Oct 31, 2021 07:14 PM

            • BAGHDAD - Islamic militants held around 120 Iraqi Christians hostage for nearly four hours in a church Sunday before security forces stormed the building and freed them, ending a standoff that left at least 19 people dead, U.S. and Iraqi officials said.
            • Security officials said the militants, who were allegedly linked to al-Qaida in Iraq, were on the phone with Iraqi authorities demanding the release of imprisoned female insurgents when security forces stormed the building.
            • A U.S. Army spokesman, Lt. Col. Eric Bloom, said at least 19 people were killed - seven hostages, seven Iraqi security troops and five militants.
              • Favre hurts chin late in game Oct 31, 2021 07:00 PM

                • FOXBOROUGH, Mass. - Brett Favre has been removed from Minnesota's game at New England midway in the fourth quarter with a face laceration.
                • Favre then sank to the ground as trainers rushed onto the field, and they helped him to the sideline.
                • The 41-year-old quarterback was taken by golf cart into the locker room with a Vikings staff member holding a compress to his chin.
                  • Top JFK aide Theodore Sorensen dies at 82 in NY Oct 31, 2021 06:35 PM

                    • NEW YORK - President John F. Kennedy's aide and speechwriter, Theodore C. Sorensen, a symbol of hope and liberal governance, died at a time of contempt for Washington and political leaders.
                    • Sorensen's passing Sunday came just as supporters of his friend and boss were preparing to celebrate the 50th anniversary of a very different moment in history: The election of Kennedy as president and the speech that remains the greatest collaboration between Sorensen and Kennedy and the standard for modern oratory.
                    • With its call for self-sacrifice and civic engagement - "Ask not what your country can do for you, ask what you can do for your country" - and its promise to spare no cost in defending the country's interests worldwide, the address is an uplifting but haunting reminder of national purpose and confidence, before Vietnam, assassinations, Watergate, terrorists attacks and economic shock.

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