18 Biggest Mid-Day Gainers For Wednesday
- 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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