Market Overview

Afternoon Movers for Wednesday, March 19th 2014

UPDATE: Prothena Receives FDA Fast Track Designation for NEOD001
Prothena Reports Initiation of NEOD001 Global Phase 3 Registrational Trial Based on Positive Results in Ongoing Phase 1/2 Study
New Parkinson's drug cleared in Europe (Seeking Alpha)
Related CETV
Benzinga's Top Initiations
Benzinga's Top Initiations

Moving up:

  • Prothena Corp (NASDAQ: PRTA) - up 24% - Reported clinical data to be presented at International Symposium on Amyloidosis. Morgan Stanley raised the price target on the stock from $35.00 to $53.00.
  • First Solar (NASDAQ: FSLR) - up 20% - Sees FY2014 EPS $2.20-2.60; sees sales $3.70B-4.0B. Sees FY2015 EPS $4.50-6.00; sees sales $3.80B-4.30B.
  • Inovio (AMEX: INO) - up 10.5% - Reports Q4 EPS of $(0.07) vs $(0.03) est; revenue of $1.70M vs $1.36M est.
  • Horizon Pharma (NASDAQ: HZNP) - up 10% - announced its plans to acquire privately held Vidara Therapeutics International for around $660 million.
  • Vera Bradley (NASDAQ: VRA) - up 7% - Reports Q4 EPS of $0.48 vs $0.46 est; revenue of $157.50M vs $146.86M est. Sees Q1 sales $116.0M-120.0M vs $123.10M est.
  • KB Home (NYSE: KBH) - up 6.8% - Reports Q1 EPS of $0.12 vs $0.08 Est; revenue of $450.70M vs $431.49M est.
  • Synchronoss Technologies (NASDAQ: SNCR) - up 5.9% - Wells Fargo released some bullish comments and feels confident in revenue outlook of cloud business.

Moving down:

Manhattan Associates (NASDAQ: ) - down 7.6% - Alimerka selected components from Manhattan's Supply Chain Commerce Solutions. The stock is giving back a fraction of its monster gains from the past 5 years. </li>Geophysical Corporation (NYSE: ) - down 6% - Downgraded by Barclays from Overweight to Equalweight and lowered the price target from $5 to $4. </li>Nu Skin (NYSE: ) - down 5.6% - Temporarily suspending some promotional meetings in China. </li>


Posted-In: Earnings News Movers


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