22 Best of gainers: What good news drives these stocks sharply higher?
US stocks faced the second decline in a row. There was no market-moving events and investors confidence slipped after last week’s big gains.
The Stock Trader’s Almanac, the bible of stock market seasonality trends, revealed that U.S. stocks in the past 40 times since 1950 have recorded positive gains in the first five days of trading, full-year gains followed 34 times, or 85% of the time, with an average gain of nearly 14%.
On Tuesday, FreeSeas Inc. (NASDAQ:FREE) continued to lead gainers on Wall Street and again rallied around 100% after Streetinsider published an article titled “Large Vessel Purchase by Shipping Magnate Bodes Well for Segment”.
Another biggest mover Perion Network Ltd (NASDAQ
ERI) hit its best price since IPO after its 2012 revenue beat its guidance and also issued an optimistic 2013 revenue outlook.
GeoGlobal Resources Inc. (NYSEAMEX:GGR) rallied 17% on Form 4 submission by Israel Land Development Company- Energy Ltd.
ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS) skyrocketed after Glancy Binkow & Goldberg LLP and Ryan & Maniskas, LLP announced class action lawsuits on behalf of shareholders.
The Medicines Company (NASDAQ:MDCO) gained sharply on positive results for its late-stage clinical trial of cangrelor.
Uranium Resources, Inc. (NASDAQ:URRE) scored fifth gain in a row after the Uranium Industry was expected to be on the upswing this year as demand from major energy consumers China and Japan are expected to improve.
Trina Solar Limited (ADR) (NYSE:TSL) increased 10.40% in price as China set a big target for solar installations.
Ferro Corporation (NYSE:FOE) hit best price in more than 4 years on holiday same-store sales rise.
Star Scientific, Inc. (NASDAQ:STSI) advanced 8% after declaring that positive preliminary results of ASAP (Anatabloc Supplementation Autoimmune Prevention) Human Thyroid study showed benefits in Immune System support.
Despite hitting new low, Gasco Energy Inc (NYSEAMEX:GSX) managed to close in green as has plans to take part in the project in Egypt.
Greenbrier Companies Inc (NYSE:GBX) added 5.8% on increase in rail orders.
Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) surged 5.50% after completing the debt offering of $175 million.
Herbalife Ltd. (NYSE:HLF) gained due to some mixture of short covering, opportunistic trading and possibly long-term investors seeing value.
FuelCell Energy, Inc. (NASDAQ:FCEL) increased as the 14.9 MW Bridgeport Fuel Cell project located in Connecticut is scheduled to start producing electricity in December 2013.
Goldcorp Inc. (USA) (NYSE:GG) rallied after an update on the company’s production forecast and a plan to be more transparent on how it reports mining costs.
Rite Aid Corporation (NYSE:RAD) added more than 3% in price while Newcastle Investment Corp. (NYSE:NCT), SandRidge Energy Inc. (NYSE:SD), Las Vegas Sands Corp. (NYSE:LVS) and Boston Scientific Corporation (NYSE:BSX) all gained between 2-3%.
A.P. Pharma, Inc. (OTC:APPA) and Generex Biotechnology Corporation (OTC:GNBT) were also among active stocks.
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