Thursday's Big Stocks on the Move (CNQR, DUSA, GHDX, GNC, LOCK, MNST, PTN, QCOM, SGEN, TNK, WFM)

Updated

We have many stocks moving this morning. 24/7 Wall St. has tracked moves in shares of the following: Concur Technologies Inc. (NASDAQ: CNQR), DUSA Pharmaceuticals Inc. (NASDAQ: DUSA), Genomic Health Inc. (NASDAQ: GHDX), GNC Holdings Inc. (NYSE: GNC), LifeLock Inc. (NYSE: LOCK), Monster Beverage Corp. (NASDAQ: MNST), Palatin Technologies Inc. (NYSEMKT: PTN), Qualcomm Inc. (NASDAQ: QCOM), Seattle Genetics Inc. (NASDAQ: SGEN), Teekay Tankers Ltd. (NYSE: TNK) and Whole Foods Market Inc. (NASDAQ: WFM). The move and a brief news summary has been included on each.

DUSA Pharmaceuticals Inc. (NASDAQ: DUSA) is up huge, by 38% to $8.00 per share, but on thin volume after the company is being acquired by Sun Pharma for $215 million or $8.00 per share in cash.

Concur Technologies Inc. (NASDAQ: CNQR) posted a loss after items and its stock is down 8.4% at $59.50 this morning on 30,000 shares.

Genomic Health Inc. (NASDAQ: GHDX) posted net income of $3.7 million and said it is on target to launch its test in the first half of 2013. Not good enough! Shares are down 7.3% at $29.55.

GNC Holdings Inc. (NYSE: GNC) shares are down after news of a secondary offering surfaced after the close. Its shares are down almost 2% at $35.02.

LifeLock Inc. (NYSE: LOCK) managed to post positive earnings, and it guided earnings to $0.06 to $0.07 per share for its fourth quarter. The negativity here has remained since its IPO, but shares have recovered a bit since the analyst quiet period ended. Shares have not traded this morning but were up big last night.

Monster Beverage Corp. (NASDAQ: MNST) did not hold up well with earnings and guidance after concerns over the energy drinks' safety profile has become controversial. Shares are down 11% at $40.00.

Palatin Technologies Inc. (NYSEMKT: PTN) is surging on news that it reported positive Phase IIb results for its Bremelanotide in a female sexual dysfunction trial. Shares are up 20% so far on thin volume. This is a very thinly traded stock and the market cap was only $25 million before the news.

Primo Water Corp. (NASDAQ: PRMW) managed to beat earnings after having been a huge disappointment since it came public. Volume is thin but shares are up 30% around $1.30 this morning so far.

Qualcomm Inc. (NASDAQ: QCOM) is up over 7% above $62.00 this morning after beating earnings and raising guidance.

Seattle Genetics Inc. (NASDAQ: SGEN) is down over 11% to $21.63. The company posted a narrower loss but the stock was downgraded to Sell by Cantor Fitzgerald.

Teekay Tankers Ltd. (NYSE: TNK) posted a dividend of $0.02 per share per quarter. Unfortunately, its last payout was $0.12 per share. Ouch! This shipper is down 6% at $3.20 but this one was down by over 11% at $3.00 last night.

Whole Foods Market Inc. (NASDAQ: WFM) appeared to beat earnings and raised its dividend, but valuation is an issue here at the premium and high-end grocer. This is down over 2% to $93.75 this morning.

JON C. OGG


Filed under: 24/7 Wall St. Wire, Active Trader Tagged: CNQR, DUSA, GHDX, GNC, LOCK, MNST, PTN, QCOM, SGEN, TNK, WFM

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