Thursday, May 12, 2011


Shares of the following companies are having unusual moves in U.S. trading.

Shares of Goldman Sachs Group, Inc. (NYSE: GS) slumped more than 4% after Dick Bove of Rochdale Securities slashed his rating on the investment bank to Sell from Neutral and slashed his price target on the stock to $120 from $163. “It now appears that the pressure on the Justice Department to bring a criminal lawsuit against Goldman is building to a high pitch. The new Matt Taibbi article in Rolling Stone Magazine is another all-out attack on the company. However, this time the attack is backed by a 650-page Senate report signed by both a Democrat and a Republican,” Bove said, referring to an upcoming article on Goldman in Rolling Stone.

First Solar Inc. (NASDAQ: FSLR) urged more than 4% on Thursday after the company said that it has received letters indicating support from the U.S. Energy Department for three projects it’s developing in California. The letters mean that loan guarantees are moving forward on First Solar’s Topaz and Desert Sunlight projects, which will each have 550 megawatts of capacity, and its 230-megawatt Solar Ranch project, the Tempe, Arizona-based company said on its website.

Oxigene, Inc. (NASDAQ: OXGN) surged more than 17% after the biopharmaceutical company announced that investigators at the University of Florida have initiated an investigator sponsored Phase 1 study of OXi4503 for the treatment of patients with acute myelogenous leukemia (AML) or myelodysplastic syndrome (MDS). OXi4503 is a novel, next-generation anticancer agent that is the first compound to combine vascular disrupting activity with direct cytotoxicity, the latter mediated through a reactive quinone metabolite. The open-label, dose-escalating study, which is sponsored in part by The Leukemia & Lymphoma Society's Therapy Acceleration Program, will be conducted in patients with relapsed or refractory AML or MDS and will evaluate the safety profile, maximum tolerated dose (MTD) and biologic activity of OXi4503.

Big Lots Inc. (NYSE: BIG) dropped as much as 2% after DealReporter said that initerest in the company's auction Could be losing Steam.

Camac Energy Inc. (AMEX: CAK) dsoared more than 14% after Hartsdale, New York-based company announced positive results from the ZJS-03 well that was successfully drilled to a total depth of 1598 meters. Mud logs during drilling confirmed the presence of gas in several intervals ranging in depth from 1489 to 1515 meters. The electric logs and cores obtained during the drilling are currently being evaluated by third party contractors to allow full assessment of the size of this discovery.

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