Jan 6, 2014

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Stocks Gaining Momentum: SolarCity Corp (NASDAQ:SCTY), Peregrine Pharmaceuticals (NASDAQ:PPHM), Origin Agritech Ltd. (NASDAQ:SEED), North American Palladium Ltd (USA) (NYSEMKT:PAL)

Stocks Gaining Momentum: SolarCity Corp (NASDAQ:SCTY), Peregrine Pharmaceuticals (NASDAQ:PPHM), Origin Agritech Ltd. (NASDAQ:SEED), North American Palladium Ltd (USA) (NYSEMKT:PAL)

SolarCity Corp (NASDAQ:SCTY) made a new 52-week high of $67.14 in the current trading session after Goldman Sachs Group Inc. improved its ratings for the company from “Neutral” to “Conviction-Buy” in a note sent to investors on Monday. The research firm also lifted its price target for SCTY stock from $65 per share to $80 per share. SolarCity has a market capitalization of $5.52 billion.

Peregrine Pharmaceuticals (NASDAQ:PPHM) jumped more than 24 percent in the current trading session after the biopharmaceutical company said that it got Fast Track designation by FDA for bavituximab, its lead investigational immunotherapy to treat second-line non-small cell lung cancer. PPHM shares are trading in the range of $1.64 to $1.82 today. The company has a market capitalization of $290.17 million.

Origin Agritech Ltd. (NASDAQ:SEED) is currently trading at $2.40 on volume of 3.76 million shares. The 52-week range of the stock is $1.17 to $2.67. SEED shares have been moving up from the last few days. The stock increased more than 85 percent in the past five days. The company has a market capitalization of $55.54 million.

North American Palladium Ltd (USA) (NYSEMKT:PAL) rose 6.20 percent to $0.850 today on traded volume of 2.39 million shares. The 52-week range of the stock is $.037 to $1.98. North American Palladium is engaged in the production of precious metals in Canada. The company explores nickel, platinum, palladium, copper, gold and other metals. PAL has a market capitalization of $167.46 million.

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