Dec 26, 2013

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Stocks Gaining Momentum: 3D Systems Corporation (NYSE:DDD), InfoSonics Corporation (NASDAQ:IFON), Inovio Pharmaceuticals Inc (NYSEMKT:INO), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA)

Stocks Gaining Momentum: 3D Systems Corporation (NYSE:DDD), InfoSonics Corporation (NASDAQ:IFON), Inovio Pharmaceuticals Inc (NYSEMKT:INO), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA)

3D Systems Corporation (NYSE:DDD) made a new 52-week high of $91.48 in the current trading session following an increased price target from  Canaccord Genuity, which raised its price objective for the company from $85 per share to $95 per share, in a research note sent to investors on Tuesday. DDD shares are trading in the range of $88.05 to $91.48 today. The company has a market capitalization of $9.33 billion and P/E ratio of 196.92.

InfoSonics Corporation (NASDAQ:IFON) jumped 31.23 percent to $1.50 in the current trading session on traded volume of 1.09 million shares. The company recently said that it has inked a non-exclusive distribution deal with Ingram Micro Mobility. According to the terms of agreement, Micro Mobility will supply verykool phones of InfoSonics in the United States. IFON has a market capitalization of $21.28 million.

Inovio Pharmaceuticals Inc (NYSEMKT:INO) is currently trading at $2.76 on volume of 11.74 million shares. The 52-week range of the stock is $0.46 to $3.03. INO shares have been moving up from the last few days. The stock increased more than 27 percent in the past five days. The company has a market capitalization of $577.20 million.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) rose 6.65 percent to $6.01 today on traded volume of 2.96 million shares. The 52-week range of the stock is $4.05 to $11.00. Arena Pharmaceuticals is a biopharmaceutical firm focused on the discovering, development and commercialization of novel drugs, which target G protein-coupled receptors.  The company has a market capitalization of $1.31 billion.

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