Monday, April 18, 2011

Hot Stocks Of The Day: AMRN, INVE, MRVL, AONE, THC

Below we highlight few companies whose shares are actively trading in Monday's session.

Amarin Corporation plc (NASDAQ: AMRN) soared more than 70% after the company reported positive, statistically significant top-line results from its ANCHOR trial for the Company's lead product candidate, AMR101. The Phase 3 trial met its primary and secondary efficacy endpoints for both the 4 gram and 2 gram daily doses. The purpose of the ANCHOR trial was to demonstrate that AMR101 is effective in reducing triglyceride levels in patients with high triglycerides without increasing LDL-C levels in patients on background statin therapy. 

Identive Group, Inc. (NASDAQ: INVE) jumped more than 14% after the company announced that its business unit SCM Microsystems has received its first orders for 10,000 eHealth terminals to support the relaunch of the electronic health card program in Germany. SCM has begun shipping both its eHealth200 desktop and eHealth500 mobile health card terminals for the program, which involves the deployment of more than 80 million electronic health insurance cards to German citizens.

Marvell Technology Group Ltd. (NASDAQ: MRVL) slumped more than 4%after Susquehanna Financial downgraded its rating on the company to Neutral from Positive.  The firm slashed its price target on the stock to $17 from $23.

A123 Systems (NASDAQ: AONE) surged more than 7% after Goldman Sachs upgraded its rating on the company to Buy from Neutral with a $9 price target. 

Tenet Healthcare Corporation (NYSE: THC) slid more than 4% after the company said that it has received a revised proposal from Community Health Systems, Inc. (NYSE: CYH) to acquire all of the outstanding shares of Tenet for $6.00 per share in cash.  In December, it had received a bid of $5 per share in cash and $1 per share in stock.

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