StemCells ANNOUNCES Positive Results and 4 Hot Stocks Turning Heads
StemCells, Inc. (NASDAQ:STEM) shares (STEM -19.4%) will return some of the +100% from yesterday on a spate of profit taking this morning. Yesterday, the stock was boosted higher following the company’s announcement regarding positive results from its Alzheimer’s preclinical trials, showing memory restoration and improved synaptic function after transplanting human neural stem cells into animal models. Shares of StemCells, Inc. are trading 4.44% lower today.
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Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) announced the successful recovery of nearly 48 tons of silver bullion from a three mile depth. This recovery is from the SS Gairsoppa, a 412-foot steel-hulled British cargo ship which sank in February of 1941, and it totals 1,203 silver bars or around 1.4 million troy ounces of silver, which has been transported to a secure facility in the U.K. After the cargo is unloaded, fuel is taken on, and personnel is changed the recovery operations will continue and should be finished by 2012’s Q3. So far, this record-breaking operation has produced the heaviest and deepest shipwreck recovery of precious metals. Shares of Odyssey Marine Exploration, Inc. are trading 8.24% lower today.
The Madison Square Garden Co (NASDAQ:MSG): The company backing the Garden paid $23.5 million for the arena and pledged $50 million for renovations. Shares of The Madison Square Garden Co are trading 0.78% lower today.
New Oriental Education & Tech Grp (NYSE:EDU) U.S. traded shares fell 28 percent to $16.14 Tuesday following its disclosure that the U.S. Securities and Exchange Commission has begun a formal investigation into the accounting practices of the company. According to the company, the probe is focused on the new consolidation of Beijing New Oriental Education & Technology Group Co. Ltd., which is a variable interest entity, as well as its wholly-owned subsidiaries into its consolidated financial statements. The company claims that it intends to fully cooperate with the probe. The company also just released a greatly improved earnings report. Shares of New Oriental Education & Tech Grp are trading 19.29% lower today.
Telefonica Brasil SA (NYSE:VIV) shares trade 0.59% higher today.
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