Telik, Inc. (NASDAQ:TELK) more than doubled in price on Friday to emerge as the biggest gainer on Wall Street after the company declared that its product candidate, ezatiostat HCL (Telintra), was granted orphan drug designation by the US Food and Drug Administration (FDA) for the treatment of myelodysplastic syndrome (MDS).
Unwired Planet Inc (NASDAQ:UPIP) soared after buying wireless patents from Ericsson.
TranSwitch Corporation (NASDAQ:TXCC) jumped 26.7% as President and CEO Dr. M. Ali Khatibzadeh is scheduled to present at the 15th Annual Needham Growth Conference at 10:40 a.m. Eastern Time on Wednesday, January 16, 2013 in New York, NY.[article_detail_ad_1]
Dendreon Corporation (NASDAQ:DNDN) rallied about 21% after Bernstein analyst Geoffrey Porges upgraded the stock to “Outperform” and lifted his target price to $10 from $7, citing a brighter future for the company’s prostate cancer treatment drug, Provenge.
Alpha Pro Tech, Ltd. (NYSEAMEX:APT), PURE Bioscience (NASDAQ:PURE) and Generex Biotechnology Corporation (OTC:GNBT) each gained around 20%.
Infosys Ltd ADR (NYSE:INFY) advanced 18.8% on better FY 2013 sales forecast and retained FY 2013 EPS outlook.
Kingold Jewelry Inc., (NASDAQ:KGJI) saw solid gains after announcing sale Of common stock.
Best Buy Co., Inc. (NYSE:BBY) rose 16.40% after the electronics chain posted better holiday sales online and provided indications of turning around declining sales in its stores.
Houston American Energy Corporation (NYSEAMEX:HUSA) added 14.43%, following the broad rally in the energy sector.
Platinum Group Metals Limited (USA) (NYSEAMEX:PLG) increased as investors await a series of economic report this week to weigh the strength of the world’s top economies.
ParkerVision, Inc. (NASDAQ:PRKR) and India Globalization Capital, Inc. (NYSEAMEX:IGC), Uni-Pixel Inc(NDA) (NASDAQ:UNXL), Sify Technologies Limited (ADR) (NASDAQ:SIFY) and Gasco Energy Inc (NYSEAMEX:GSX) all surged around 10%.
Velti Plc (NASDAQ:VELT) gained after a seekingalpha article suggested the company as a potential takeover candidate.
Delek US Holdings, Inc. (NYSE:DK) jumped to new high on a $5.3 million deal to take over Texas biodiesel manufacturer.
Splunk Inc (NASDAQ:SPLK) added $2.50 after rumors that it is getting offers from companies including International Business Machines Corp. (NYSE:IBM).
Wipro Limited (ADR) (NYSE:WIT) traded higher after announcement came in that results for the third quarter ended December 31, 2012 will be released on Friday, January 18, 2013 (late night, Thursday, January 17, 2013, US Eastern Time).
RadioShack Corporation (NYSE:RSH) and ACCO Brands Corporation (NYSE:ACCO) both rose over 5%.
More on the upside, GNC Holdings Inc (NYSE:GNC), Fusion-IO, Inc. (NYSE:FIO), Informatica Corporation (NASDAQ:INFA), Georgia Gulf Corporation (NYSE:GGC) and Monster Beverage Corp (NASDAQ:MNST) all gained in a range of 4.50% to 5%.
Janus Capital Group Inc. (NYSE:JNS) traded near high while Cognizant Technology Solutions Corp (NASDAQ:CTSH) broke 52-week high on Friday.