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Micro-Cap of the Day; StemCells Inc. (STEM)

By Warren Paige

Shares of StemCells Inc. (NASDAQ: STEM), a biotechnology company, saw a huge rally in trading today.

STEM shares ended the day 106.90% higher at $1.80 on above average volume of 16.75 million. The stock touched an intra-day high of $1.82 in trading today.

STEM shares rallied after the company presented preclinical data showing its human neural stem cells restored memory and improved synaptic function in two animal models relevant to Alzheimer’s disease. The data was presented at the Alzheimer’s Association International Conference 2012 in Vancouver, Canada.

The study results demonstrated that transplanting the cells into the hippocampus statistically increased memory in two different animal models. The researchers saw increased synaptic density and enhanced memory post transplantation.

Stephen Hunn, MD, FACS, FAAP, Vice President and Head of CNS Program at StemCells, said that Alzheimer’s disease is complex and challenging disorder and the field would benefit from the pursuit of a diverse range of treatment approaches.

 

July 17th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.