Shares of Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX), a biopharmaceutical company engaged in the discovery and development of breakthrough treatments for human disease, are soaring in early trading today.
At last check, LXRX shares were trading 9.42% higher at $2.09 on above average volume of 1.09 million. The stock hit an intra-day high $2.18 earlier today.
Earlier this month, LXRX announced that it received “Fast Track” status from U.S. FDA for the development of LX1033, an orally-delivered small molecule drug candidate for diarrhea-predominant irritable bowel syndrome (IBS-d).
Shares of Magellan Health Services Inc. (NASDAQ: MGLN), operating as a behavioral managed care company, are down sharply in early trading today.
At last check, MGLN shares were trading 4.26% lower at $49.55 on volume of 206,363. The stock fell to an intra-day low of $47.32 earlier today.
Earlier this month, MGLN provided financial guidance for 2013. The company expects net revenue to be between $3.56 billion and $3.74 billion in 2013. Net income for 2013 is expected to be between $91 million and $109 million.
Jon Rubin, CFO of Magellan Health Services, earlier this month said that he is pleased with the company’s 2013 outlook for strong top-line growth and profitability, even after funding $25 million of investments and net start up losses in its strategic initiatives.
Shares of Cliff Natural Resources Inc. (NYSE: CLF), an international mining and natural resources company, have risen sharply in early trading today. At last check, CLF shares were trading 4.61% higher at $37.22 on volume of 1.99 million. The stock hit an intra-day high of $37.40 in early trading today.
Shares of Watson Pharmaceuticals Inc. (NYSE: WPI), an integrated global pharmaceutical company engaged in the development, manufacturing, marketing, sale and distribution of generic and brand pharmaceutical products, have fallen sharply in early trading today.
At last check, WPI shares were trading 3.69% lower at $85.75 on above average volume of 748,759. The stock fell to an intra-day low of $84.88 earlier today.
WPI shares have slipped even as the company last Friday announced that Actavis filed an Abbreviated New Drug Application (ANDA) with the U.S. FDA seeking approval to market bortezomib, which is a generic version of Velcade®. Actavis was acquired by Watson Pharmaceuticals back in October this year.
Shares of Apple Inc. (NASDAQ: AAPL), the Cupertino, California-based technology giant, have risen sharply in early trading today. At last check, AAPL shares were trading 3.12% higher at $525.51 on volume of 5.05 million.
Shares of Pilgrim’s Pride Corporation (NASDAQ: PPC), a chicken producer with operations in the U.S., Mexico and Puerto Rico, are down sharply in early trading today. At last check, PPC shares were trading 1.39% lower at $7.09 on volume of 92,103. The stock hit an intra-day low of $6.88 earlier today, and has fallen more than 5% in the last three trading sessions.
Shares of Cal-Maine Foods Inc. (NASDAQ: CALM), a producer and marketer of shell eggs in the U.S., have tumbled in early trading today. At last check, CALM shares were trading 9.09% lower at $40.42 on above average volume of 110,564. The stock fell to an intra-day low of $38.51 earlier today.
CALM shares have tumbled after the company announced its financial results for the second quarter ended December 1, 2012. The company’s net sales for the second quarter were $328.9 million, compared to $290.4 million reported for the same period in the previous year. Net income for the second quarter was $14.3 million, or $0.60 per share, compared to $23.3 million, or $0.97 per share reported for the same period in the previous year.