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18 Biggest Mid-Day Gainers For Wednesday

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  • Retrophin Inc (NASDAQ: RTRX) shares climbed 40.8 percent to $22.97 as the company disclosed that its Phase 2 DUET study of sparsentan achieved primary efficacy endpoint.
  • Cogentix Medical Inc (NASDAQ: CGNT) shares climbed 39.1 percent to $1.67 after the company disclosed that it has entered into a definitive agreement for a $25 million equity investment.
  • Agios Pharmaceuticals Inc (NASDAQ: AGIO) shares climbed 22.8 percent to $45.85 as the company disclosed that its partner Celgene Corporation (NASDAQ: CELG) will submit a new drug application to the FDA for enasidenib based on ongoing Phase 1/2 study.
  • Evoke Pharma Inc (NASDAQ: EVOK) shares rose 15.4 percent to $2.10 as the company reported positive non-clinical pre-NDA meeting with the FDA related to Gimoti.
  • Applied Optoelectronics Inc (NASDAQ: AAOI) shares gained 14.4 percent to $19.91 as the company lifted its Q3 forecast.
  • Malibu Boats Inc (NASDAQ: MBUU) shares rose 14.3 percent to $15.90 as the company posted better-than-expected Q4 results.
  • Mitcham Industries, Inc. (NASDAQ: MIND) shares gained 11.9 percent to $2.98. Mitcham Industries is projected to post quarterly earnings after the closing bell.
  • Western Digital Corp (NASDAQ: WDC) shares jumped 11.6 percent to $53.08 after the company increased its earnings and revenue forecast for the first quarter.
  • Calavo Growers, Inc. (NASDAQ: CVGW) shares gained 10.1 percent to $65.49 as the company posted upbeat Q3 results.
  • Elephant Talk Communications Corp (NYSE: ETAK) shares rose 7.8 percent to $0.175. Elephant Talk signed a new strategic partnership agreement with Expeto.
  • Francesca's Holdings Corp (NASDAQ: FRAN) rose 7.1 percent to $14.98 after the company reported better-than-expected Q2 results and lifted its FY16 guidance.
  • Allegiant Travel Company (NASDAQ: ALGT) shares gained 6.8 percent to $144.16 after the company disclosed preliminary passenger traffic results for August.
  • Ligand Pharmaceuticals Inc. (NASDAQ: LGND) rose 6.5 percent to $115.11. Deutsche Bank upgraded Ligand from Sell to Hold.
  • Organovo Holdings Inc (NASDAQ: ONVO) shares gained 6.1 percent to $4.18 after the company reported the initiation of commercial contracting for its ExVive Human Kidney tissue.
  • Chipotle Mexican Grill, Inc. (NYSE: CMG) shares rose 5.8 percent to $438.02 after Bill Ackman’s Pershing Square disclosed a 9.9 percent stake in the company. It should be noted that the 2,882,463 shares position has an activist nature, as suggested by the 13D SEC filing.
  • Bioline RX Ltd (NASDAQ: BLRX) shares rose 5 percent to $0.946 as the company announced a collaboration with Genentech to investigate combination of BL-8040 with Atezolizumab.
  • Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX) rose 2.5 percent to $6.31. Valeant Pharmaceuticals Intl Inc and Progenics reported the U.S. commercial launch of FDA-approved Relistor tablets.
  • Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares rose 2.3 percent to $30.16 following Relistor tablets launch news.
 

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Posted-In: Mid-Day MoversNews Intraday Update Markets Movers

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