Shares of Telik Inc. (NASDAQ: TELK), a clinical-stage drug development company focused on the discovery and development of small molecule drugs to treat cancer, surged in trading on Wednesday.
TELK shares ended the day 14.96% higher at $1.69 on above average volume of 54,982. The stock touched an intra-day high of $1.81 on Wednesday.
TELK recently announced its second-quarter financial results. For the second quarter ended June 30, 2012, the company reported a net loss of $2.1 million, or $1.11 per share, compared to net loss of $3 million, or $1.67 per share reported for the same period in the previous year.
At the end of the second quarter, Telik had $8.1 million in cash, cash equivalents and investments.
Shares of SearchMedia Holdings Limited (AMEX: IDI), a media company engaged in the provision of advertising services in the out-of-home advertising industry, rose sharply in trading on Wednesday.
IDI shares ended the day 12.78% higher at $1.50 on above average volume of 14,598.
Earlier this week, IDI announced its unaudited financial results for the six-month period ended June 30, 2012.
For the six-month period, IDI reported revenue of $16.1 million, down 43% on a year-over-year basis. The company’s operating profit for the six-month period was $10.8 million. Net profit for the period was $9.8 million, up from $0.7 million. The increase was mainly due to one-time gain on disposal of subsidiaries and gain from extinguishment of acquisition consideration.
Shares of Five Star Quality Care Inc. (NYSE: FVE), operator of senior living communities, rose sharply in trading on Wednesday.
FVE shares touched a 52-week high of $4.24 on Wednesday before finishing the day 6.96% higher at $4.15 on above average volume of 525,940.
FVE recently announced the appointment of Scott Herzig as its Senior Vice President and COO. Herzig took over from Rosemary Esposito.
Herzig has served as FVE’s Divisional Vice President of Operations for the Western Division since 2007. Prior to that, he served s a Regional Director of Operations for the company for seven years.
Recent Comments