Jan 8, 2014

Posted by in Featured, Stock Market News | 0 Comments

Stocks Gaining Momentum: NuPathe Inc (NASDAQ:PATH), Arca Biopharma Inc (NASDAQ:ABIO), CytRx Corporation (NASDAQ:CYTR), Plug Power Inc (NASDAQ:PLUG)

NuPathe Inc (NASDAQ:PATH) shares jumped more than 34 percent today after the company reported that it has received a buyout proposal from Teva Pharmaceutical Industries for $114 million plus  milestone payments associated with Zecuity migraine treatment of NuPathe. The proposal of $3.65 per share indicates a premium of percent from PATH stock closing price yesterday. NuPathe has a market capitalization of $136.44 million.

Arca Biopharma Inc (NASDAQ:ABIO) rose 30.56 percent to $2.35, on volume of 8.33 million shares, in the current trading session. The biopharmaceutical company reported on Tuesday that its President and CEO, Dr. Michael R. Bristow will present at the Biotech Showcase 2014 on 14th of January at 3:00 p.m. Pacific Time. ABIO stock has a 52-week range of $1.13 to $5.93 today. The company has a market capitalization of $36.84 million.

CytRx Corporation (NASDAQ:CYTR) rose 10.89 percent to $7.13 today on traded volume of 4.11 million shares. The 52-week range of the stock is $1.83 to $7.50. CYTR shares jumped more than 180 percent in the past one month that brought the biopharmaceutical firm under the focus of investors. CytRx has a market capitalization of $298.86 million.

Plug Power Inc (NASDAQ:PLUG) made a new 52-week high of $4.70 in the current trading session on volume of 31.18 million shares. The intra-day range of the stock is $4.01 to $4.70. Plug Power is engaged in providing alternative technology. It designs, develops and manufactures fuel cell systems. The company has a market capitalization of $478.83 million.

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