Stocks In News (PPHM, JVA, GWR, INCY, SPR)

NEW YORK, September 14, 2012 (MESHPRESS) – Peregrine Pharmaceuticals (NASDAQ PHM) went down 4.80% and closed at $3.97.The Company said that the management  team will be meeting with investors to review its portfolio of novel drug candidates and the recent positive clinical data from the company’s Phase II trial in second-line non-small cell lung cancer. The event will be held at The New York Palace Hotel in New York with management conducting meetings on September 21, 2012.

Is PPHM going to continue moving lower on this news or will shares of the company fizzle after the hype dies down? Find out where PPHM is headed next with a FREE TREND ANALYSIS REPORT

Coffee Holding Co Inc (NASDAQ:JVA) slipped 4.71% and closed at $8.29. Recently, the Company announced third quarter results. Net income was $1,231,196 or $0.19 per share compared to net income of $168,236 or $0.03 per share in the prior year period. Net sales were $44,484,453 versus $35,764,866 in the previous year period. The increase in net sales was due to higher sales volume compared to the third quarter of fiscal 2011 due to an increase in sales of green coffee, as well as an increase in private label and branded sales.

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Genesee & Wyoming Inc (NYSE:GWR) decreased 4.58% and closed at $64.81 on a traded volume of 1.48 million shares. The Company is offering 3.3 million shares of Class A stock and 2 million equity units, each of which will consist of a prepaid stock purchase contract and an amortizing note. The units are priced at $100 each will automatically settle for Class A common shares on Oct. 1, 2015.

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Incyte Corporation (NASDAQ:INCY) went down 4.35% and closed at $17.38 on a traded volume of 2.88 million shares. Jefferies maintained a buy rating on the stock and the price target is set at $31.00.

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Spirit AeroSystems Holdings Inc (NYSE:SPR) slipped 4.24% and closed at $23.94. Recently, the Company signed a supply agreement whereby Spirit Aftermarket Customer Support will provide thrust reverser, fuselage and wing component spare parts for Lion Air’s fleet of Boeing aircraft. This multi-year contract will enable Lion Air to obtain competitive pricing for all parts in the Spirit catalog while ensuring availability for key parts and components.

Should Investors Buy SPR After The Recent Slump Or Wait? Find Out Here

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