Archive for September 17th, 2009

Origin Agritech Gets China Pact (SEED)

Origin Agritech Limited (NASDAQ: SEED) announced that its Origin Biotechnology unit reached a worldwide agreement with the Institute of Microbiology of the Chinese Academy of Sciences and Sichuan Biotech Engineering, Limited.  Those two will jointly own the rights to an internally developed gene which is highly tolerant to glyphosate herbicide. This glyphosate-tolerance gene is entirely [...]

US Bancorp Runs on Rochdale/Bove (USB)

US Bancorp (NYSE: USB) is up but is surprisingly not getting as much attention as we would have expected.  At 8:51 AM EST we have only seen 18,000 shares trade hands versus an average volume of 17 million shares.  The gain is only 1.5% at $23.15.  The news that is out is that Rochdale’s Dick [...]

YM Bio Heads South of the Border in Good Way (YMI)

YM BioSciences Inc. (AMEX: YMI) is up pretty big considering its low volume status.  The company said that its nimotuzumab has been approved for marketing in Mexico for the treatment of squamous cell carcinoma of the head and neck, adult glioma and pediatric glioma. Nimotuzumab will be commercialized under the name VECTHIXYM BioSciences also announces [...]

Rexahn Pharmaceuticals Surges on Teva Pact (RNN, TEVA)

Rexahn Pharmaceuticals, Inc. (AMEX: RNN) is surging on the news that it announced an agreement to close on its previously announced licensing and stock purchase agreements with Teva Pharmaceutical Industries Limited (NASDAQ:TEVA) for the development of its novel anti-cancer compound, RX-3117. This is its small molecule, new chemical entity, nucleoside compound that has an anti-metabolite [...]

DryShips Regains Bull-Proxy Status (DRYS)

DryShips Inc. (NASDAQ: DRYS) is trading strongly again and is becoming a bull market proxy after weeks of not hearing much.  This is up ‘only’ 3.7% at $7.76 on over 250,000 shares as of 8:24 AM EST.  Average volume here is about 21 million shares but it has traded more than that in each of [...]

Oracle Violates 50-Day Moving Average (ORCL)

Oracle Corp. (NASDAQ: ORCL) is trading lower after last night’s earnings.  It posted a 5% rise in income and non-GAAP basis the figure was $0.30 EPS as revenue for the August quarter fell 5% to $5.054 billion.  We had noted that the Thomson Reuters estimate was $0.30 EPS cents a share and $5.25 billion in [...]

AMR Surges on FInancing Pact (AMR)

AMR Corp. (NYSE: AMR), the parent of American Airlines, is not just up… it is surging.  The airliner has obtained $2.9 billion in new financing.  The air carrier is also making changes to its flight schedule as it deals with weaker demand and as it faces declining revenue in the airline industry. Shares are up [...]