Movers And Shakers Of March 17 (AIB, ABII, BLK, LSI, MDCO, PLCM, VHC, TIN)
US stocks continued to rally yesterday after the PPI for the month of Febraury came in positive. The Dow Jones Industrial Average components that performed brilliantly during yesterday’s session are:
Allied Irish Banks PLC (NYSE: AIB) shares climbed 7.8% and those of Bank of Ireland (NYSE: IRE) rose about 5%. However, the volume of both banks was low.
Abraxis BioScience Inc (NASDAQ: ABII) shares soared 30.5% after clinical results for its lung cancer treatment drug were positive.
BlackRock Inc (NYSE: BLK) added roughly 5% in yesterday’s trading, following an upgrade in rating by Credit Suisse from “neutral” to “outperform.”
LSI Corp (NYSE: LSI) stock advanced 8.9% after the semiconductor company hiked its first-quarter earnings and revenue forecasts.
Medicines Co (NASDAQ: MDCO) shares gained 19.01% after the drug developer said it won a legal round in its effort to extend a patent on one of its leading products.
Polycom Inc (NASDAQ: PLCM) rose 8.87% after India's second-largest mobile services provider announced a deal with the supplier of video solutions.
VirnetX Holding Corp (NYSE: VHC) shares climbed 12.5% after reports claiming that the company had won a patent-infringement ruling against Microsoft Corp (NASDAQ: MSFT) hit the market.
Temple-Inland Inc (NYSE: TIN) shares gained 9.1% after Standard & Poor's put its ratings for the timber company on credit watch with positive implications.
