Archive for April 15th, 2010

MGM Drags Casinos Lower (MGM, WYNN, LVS)

MGM Mirage (NYSE: MGM) is down this morning after it gave preliminary earnings for a loss of -$0.22 and a securities sale to pay off existing debt.  Shares are down 5.6% at $14.54 on over 500,000 shares.  Last night the news had the stock down 5.9% at $14.50 on over 1.5 million shares before we [...]

Dynavax Rockets on Study News (DVAX)

Dynavax Technologies Corporation (NASDAQ: DVAX) is trading up 16.5% at $1.69 on 366,000 shares.  Shares were up a similar amount last night in after-hours trading but had been up over 20% initially.  The news is that its chronic kidney disease study confirmed HEPLISAV’s enhanced seroprotection against HBV infection.  The 52-week range is $0.70 to $3.35 [...]

Santarus Patent Kills Stock (SNTS)

Santarus Inc. (NASDAQ: SNTS) is being smashed down this morning after an adverse case ruling. A U.S. District Court for the District of Delaware ruled that five patents covering Santarus’ ZEGERID prescription products are invalid due to obviousness, meaning it is open season on the drug. These patents were the subject of lawsuits brought by [...]