Today's Big Gainers: MTG, PTEK, ZION, GTSI, TK, PATH
Tuesday, October 19, 2021 1:11 PM

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MGIC Investment Corp. (NYSE: MTG) jumped more than 9% on Tuesday after the mortgage insurer reported a sharply narrower quarterly net loss on lower claims costs. 

PokerTek, Inc. (NASDAQ: PTEK) soared more than 66% after the company said its financial performance continued to improve in third quarter as a result of the strategic initiatives implemented over the past 18 months. The company added that its revenues increased, gross margins continued to expand and its operating cash flow was in the black for the first time in Company history. PokerTek expects to release financial results for the third quarter of 2010 before the market opens on Tuesday, November 2, 2010. 

Zions Bancorp. (NASDAQ: ZION) rallied more than 4% on Tuesday after it posted narrower third-quarter loss, thanks to lower loan losses.

GTSI Corp. (NASDAQ: GTSI) surged more than 14% after it announced that the Small Business Administration (SBA) has lifted the temporary federal contract suspension it imposed on the company on October 1, 2010, allowing GTSI and its approximately 525 employees to immediately resume full business with most of GTSI's existing clients and to pursue new contracts with the federal government.

Teekay Corporation (NYSE: TK) climbed more than 6% after the company announced that it has signed a new fixed-rate contract with Petroleo Brasileiro SA (Petrobras) to provide a floating production storage and offloading (FPSO) unit for the Tiro and Sidon fields located in the Santos Basin offshore Brazil.

NuPathe Inc. (NASDAQ: PATH) gained as much as 17% after it announcef positive top-line results from a 12 month open-label, safety trial for Zelrix. The company also announced the development of an in vitro analytical testing method for Zelrix, as requested by the U.S. Food and Drug Administration to confirm the amount of sumatriptan delivered. Zelrix is a single-use, transdermal sumatriptan patch in development for the treatment of migraine.

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

 

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Market news:

  • Asian carp create nagging fear in Lake Erie towns Nov 26, 2021 08:19 AM

    • WHEATLEY, Ontario - Well before dawn, Todd Loop takes his fishing tug onto Lake Erie in pursuit of yellow perch, walleye and other delicacies - a livelihood that has sustained his family for three generations but faces a future as murky as the freshwater sea on a moonless night.
    • Already ravaged by exotic species such as the sea lamprey and quagga mussel, the Great Lakes soon may be invaded by Asian carp, greedy giants that suck plankton from the water with the brutal efficiency of vacuum cleaners.
    • Nowhere is the danger greater than in Lake Erie.
      • Russia opens key plant to destroy chemical weapons Nov 26, 2021 07:58 AM

        • POCHEP, Russia - Russia will miss a 2012 deadline for destroying all of its chemical weapons, officials said Friday as they inaugurated a major new plant to dispose of them.
        • The facility at Pochep, in the western Bryansk region, is the latest of several plants built in Russia in recent years to dismantle its Cold War-era chemical weapons arsenals - the world's largest.
        • As a signatory of the international Chemical Weapons Convention, the country already has destroyed about half of its chemical weapons, according to Russian officials.
          • US shoppers crowd malls all night long Nov 26, 2021 07:09 AM

            • Bargain shoppers, braving rain or frigid weather, crowded the nation's stores and malls in the wee hours of the night to get their hands on deals from TVs to toys on Black Friday.
            • In a bid to grab shoppers earlier on the traditional start to the holiday shopping season, a number of stores including Old Navy, Toys R Us and Sears opened on Thursday's Thanksgiving holiday.
            • Patricia Lopez, 32, a receptionist from Queens, N.Y., was in line at Toys R Us in New York's Times Square Thursday night.
              • NKorea warns region is on brink of war Nov 26, 2021 06:53 AM

                • YEONPYEONG ISLAND, South Korea - North Korea warned Friday that U.S.-South Korean plans for military maneuvers put the peninsula on the brink of war, and appeared to launch its own artillery drills within sight of an island it showered with a deadly barrage this week.
                • The fresh artillery blasts were especially defiant because they came as the U.S. commander in South Korea, Gen. Walter Sharp, toured the South Korean island to survey damage from Tuesday's hail of North Korean artillery fire that killed four people.
                • None of the latest rounds hit the South's territory, and U.S. military officials said Sharp did not even hear the concussions, though residents on other parts of the island panicked and ran back to the air raid shelters where they huddled earlier in the week as white smoke rose from North Korean territory.
                  • Teenagers adrift in Pacific for 50 days reach land Nov 26, 2021 06:26 AM

                    • SUVA, Fiji - Three teenage boys who spent 50 days adrift in a tiny boat in the South Pacific walked ashore on shaky legs Friday after their chance rescue - celebrated on their home island hundreds of miles (kilometers) away as a miracle that brought them back from the dead.
                    • The trio - Samuel Pelesa and Filo Filo, both 15, and Edward Nasau, 14 - told rescuers they survived on rainwater they collected, a handful of coconuts, raw fish and a seagull that landed on their 12-foot- (3.5-meter-) long aluminum boat.
                    • The boys set off Oct. 5 from their home island to one nearby.

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