Stocks To Watch – SNTS, WAC, UEC, WAVX, ADAT
NEW YORK, September 05, 2012 (MESHPRESS) – Beststocksdaily.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Santarus, Inc. (NASDAQ:SNTS) shares jumped 14.16% and closed at $7.05 in the last trading session. The company said that the U.S. Court of Appeals partly reversed a lower court decision, finding that certain patent claims related to Zegerid drug weren’t invalid. The company’s patents are the subject of lawsuits the company filed against Par Pharmaceutical Cos. in December 2007. The case followed Par’s abbreviated new drug application to market a generic version of Santarus’ acid reflux drug Zegerid before expiration of certain patents.
Can SNTS Continue To Move Higher? Find Out Here
Walter Investment Management Corp (NYSEAMEX:WAC) stock climbed 14.11% and closed at $31.94 in the last trading session after the company announced that it has entered into a definitive agreement to purchase Reverse Mortgage Solutions, Inc. (RMS) in a transaction valued at $120.0 million. Consideration in the transaction consists of $60.0 million of cash, $25.0 million of WAC stock and a $35.0 million seller MSR note. The Company expects to complete the transaction during the fourth quarter of 2012.
Can WAC Extend Rally? Find Out Here
Uranium Energy Corp. (NYSEAMEX:UEC) shares gained 13.73% and closed at $2.90 in the previous trading session. Uranium demand projected to rise as china plans to expand nuclear power capacity. The 52 week trading range for the company is $1.75 – $4.44. The shares of the company declined 25% in the last one year. The company is an exploration-stage company. It is a natural resource exploration company engaged in the exploration of properties in the United States.
Can UEC Extend Rally? Find Out Here
Wave Systems Corp. (NASDAQ:WAVX) shares increased 13.40% and closed at $1.10 in the last trading session. The 52 week trading range for the company is $0.53 – $2.92. The shares of the company plunged 46% in the last one year. Additionally, the company last week announced that CEO Steven Sprague and Executive Vice President Brian Berger will speak at the Information Assurance Symposium (IAS) on securely enabling “Bring Your Own Device,” or BYOD, and authenticating to the cloud.
Can WAVX Continue To Move Higher? Find Out Here
Authentidate Holding Corp. (NASDAQ:ADAT) shares gained 12.40% and closed at $1.36 in yesterday’s session. The company last week announced a 1-for-2 reverse split of its common stock. The reverse stock split became effective today at 5:01 p.m. Eastern Time and Authentidate’s common stock will begin trading on The NASDAQ Capital Market on a split-adjusted basis when the market opens on Friday, August 31, 2012.
Can ADAT Continue To Move Higher? Find Out Here
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