Shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD), a biopharmaceutical company focusing on small molecule drugs that address unmet medical needs in neurological and related central nervous system disorders, are seeing a huge rally in trading today.
At last check, ACAD shares were trading 143.70% higher at $5.61 on above average volume of 42.70 million. The stock hit a 52-week high of $6.53 in trading today.
ACAD shares surged after the company said that its antipsychotic drug for Parkinson’s disease successfully met its primary goal and key secondary goals in a pivotal late stage clinical trial.
Shares of Mcmoran Exploration Inc. (NYSE: MMR), a New Orleans, Louisiana-based company engaged in the exploration, development and production of oil and natural gas in the shallow waters of the Gulf of Mexico and onshore in the Gulf Coast area of the U.S., are sinking in trading today.
At last check, MMR shares were trading 9.53% lower at $8.73 on above average volume of 28.26 million. The stock fell to a 52-week low of $7.25 in trading today.
MMR shares tumbled after the company said that it is taking longer than anticipated to develop a well in the Gulf of Mexico.
Shares of Crocs Inc. (NASDAQ: CROX), a designer, manufacturer and distributor of footwear and accessories for men, women and children, are soaring in trading today.
At last check, CROX shares were trading 10.61% higher at $13.66 on above average volume of 5.16 million. The stock rose to an intra-day high of $13.67 today.
CROX shares are soaring after Goldman Sachs initiated coverage on the company with a Buy rating. Goldman Sachs analysts said in a research note that they see Crocs as a lifestyle brand with global appeal that appears both proven and sustainable.
Shares of Thor Industries Inc. (NYSE: THO), a manufacturer and seller of a range of recreation vehicles and small and mid-size buses in the U.S. and Canada, are down sharply in trading today.
At last check, THO shares were trading 9.38% lower at $39.51 on above average volume of 2.30 million. The stock fell to an intra-day low of $38.28 in trading today.
THO shares are sinking after the company reported its first-quarter financial results. THO’s net income for the quarter was $30.99 million, or $0.58 per share, compared to $22.36 million, or $0.41 per share reported for the same period in the previous year. The company’s first-quarter earnings fell short of analysts’ forecast of $0.62 per share. Net sales for the quarter were $875.61 million, representing an increase of 30% over the same period in the previous year.
Shares of Dillard’s Inc. (NYSE: DDS), a fashion apparel, cosmetics and home furnishing retailer, are climbing in trading today.
At last check, DDS shares were trading 2.48% higher at $87.97 on above average volume of 568,599. The stock hit a 52-week high of $88.71 in trading today.
DDS shares are gaining after the company announced that its Board of Directors declared a regular, quarterly cash dividend of $0.05 per share and a special one-time cash dividend of $5 per share. The dividends will be payable on December 21, 2012 to shareholders on record as of December 7, 2012.
William Dillard II, CEO of Dillard’s, said that the special, one-time dividend of $5 per share reflects the company’s strong financial position.
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