5 of Last Week's Biggest Winners
What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
BioMarin Pharmaceutical (NAS: BMRN)
VirnetX Holding (ASE: VHC)
Vringo (ASE: VRNG)
Sequenom (NAS: SQNM)
Smith & Wesson (NAS: SWHC)
BioMarin took some big steps forward as patients testing out its experimental drug did the same. In the treatment's critical phase 3 clinical trial, patients affected by Morquio A Syndrome had the ability to walk farther with the drug.
VirnetX was a stock market winner after winning in the courtroom. It was awarded a whopping $386.2 million in a patent infringement case against Apple.
Vringo is another company that came up big in its attempt to enforce its patents. Vringo's ruling against dot-com giants wasn't as lucrative as VirnetX's, but it's a welcome decision all the same.
VirnetX and Vringo may be patent trolls, but as of now they're wealthier patent trolls if they are able to collect on the damages.
Sequenom took off on a strong sales trend for its MaterniT21 test. Sequenom is handling roughly 1,700 of the tests, a blood test for pregnant women at high risk of delivering a Down syndrome baby. The trend indicates an annual run rate of 90,000 tests performed.
Shares of Smith & Wesson shot higher. Gun makers moved higher after Obama defeated Romney. It's a move that doesn't make a lot of sense. The fear is, naturally, that Obama will introduce stricter gun control laws. The move would generate a near-term run for weaponry, but what happens after that? It also bears pointing out that the stocks had a similar reaction four years ago -- and nothing materially changed.
More winners for you
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The article 5 of Last Week's Biggest Winners originally appeared on Fool.com.Longtime Fool contributor Rick Aristotle Munarriz has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple and BioMarin Pharmaceutical. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.