Dyax Corp (NASDAQ:DYAX) shares rose 8.1% to $10.99, their highest price since mid-2004, after positive Phase 1a study results of DX-2930, a treatment for hereditary angioedema attacks. The first-in-human clinical study of DX-2930 met all objectives of assessing safety, tolerability and pharmacokinetics and showed it well tolerated at all dose levels. Pharmacokinetic results demonstrated that…
Analysts at RBC Capital have downgraded independent energy company Halcon Resources Corp. (NYSE:HK) to a Sector Perform rating from Outperform. The firm slashed its price target on the stock by one-third to $4 from $6 a share. In the pre-market session, shares of HK have slid 2.68% to $4 amid a 52-week range of $3.16…
Tractor Supply’s (NASDAQ:TSCO) core hobby farmer customer is expected to continue to see outsized income and income growth in 2014 compared to the median U.S. household. Hobby farmer income growth is projected to be +3.5% in 2014 vs. the median U.S. household of 2.2%. Separately, after running well below the metro (i.e. urban) unemployment rate…
Pan American Silver (NASDAQ:PAAS) shares were down more than 3% Tuesday after the stock was downgraded to Sell from Neutral at Goldman Sachs, which lowered its price target to $10 from $15.22. PAAS was trading in a 52-week range of $14.66 to $15.04. Novo Nordisk (NYSE:NVO) shares were up about 5% after Bank of America…
Canadian Solar (NASDAQ:CSIQ) is up 5.7% on heavy volume to $39.94 after JP Morgan initiated coverage at overweight, with a price target of $55 per share. Separately, the solar energy company said it won a module supply agreement to provide 18MW of photovoltaic modules to Hitachi, Ltd. in Japan. The project is expected to be…
Energy stocks were sharply higher Monday with the NYSE Energy Sector Index rising about 1.9% while shares of energy companies in the S&P 500 were ahead nearly 2.3% as a group. Crude oil for April delivery was up 59 cents at $102.79 per barrel while March natural gas shed 11 cents today to $4.90 per…
