Hot Stocks Of The Day (RRC, WFT, PETD, OSUR, ABMD, ARNA)
Range Resources Corp (NYSE:RRC) jumped up 2.12% to $65.48The 52-week range for the stock is $50.55 and $77.24. The Company has Price/Sales ratio of 8.18 and Price/Book ratio of 4.25. The 50-Day Moving Average and 200-Day Moving Average prices is $60.60 and $62.69 respectively.
Weatherford International Ltd (NYSE:WFT) soared 3.53% to $12.89. The Company’s deadline is coming up on May 22, 2012 in the lawsuit filed for investors over alleged securities laws violations by Weatherford International Ltd in connection with certain financial statements.
Petroleum Development Corporation (NASDAQ:PETD) slipped 2.97% to $26.46. The Company announced the pricing of public offering of 6.5 million shares at a 2.8% discount to its Tuesday closing price. The offering is planned to finance the purchase of assets in Colorado’s Wattenberg oil and gas field priced at $26.50.
OraSure Technologies Inc (NASDAQ:OSUR) soared 21.21% to $11.03. The stock went up after U.S. regulatory advisers backed its bid to bring to market the first at-home HIV test that lets people get results without using a doctor or laboratory. The OraQuick In-Home HIV Test offers results within 20 minutes and would be sold without a prescription.
ABIOMED Inc (NASDAQ:ABMD) soared 4.80% to $24.88 on a traded volume of 676k shares. The Company posted fourth quarter profit of $2.57 million or 6 cents per share compared to loss of $1.77 million or 5 cents a share in the prior year period. Revenue increased 31% to $37.3 million. However, analysts expected earnings of 6 cents on revenue of $34.92 million. Operating margin was 7.9%, compared to negative 4.9% in the previous year period.
Arena Pharmaceuticals Inc (NASDAQ:ARNA) moved down 5.61% to $5.71. The Company announced the pricing of an underwritten public offering of 11,000,000 shares at $5.50 per share. The gross proceeds is expected to be $60.5 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable.