Kolkata, West Bengal -- (SBWIRE) -- 09/18/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Inovio Pharmaceuticals Inc (NYSEMKT:INO), Cell Therapeutics Inc (NASDAQ:CTIC), The Wendy's Company (NASDAQ:WEN).
Inovio Pharmaceuticals Inc (NYSEMKT:INO) shares declined 3.77% and closed at $2.35. Roche (six:RO)(six:ROG)(otcqx:RHHBY) and Inovio Pharmaceuticals, Inc. on Sept. 10 announced that they have entered into an exclusive worldwide license agreement to research, develop and commercialize Inovio's highly-optimized, multi-antigen DNA immunotherapies targeting prostate cancer and hepatitis B. The licensed compounds are currently in preclinical development and have generated robust T-cell responses in animal models.
Should Investors Buy INO After Yesterday’s Jump? Find Out Here
Cell Therapeutics Inc (NASDAQ:CTIC) shares gained 10.48% to $1.37. The company on Sept. 13 announced that it has agreed to sell 15,000 shares of its Series 18 Preferred Stock directly to Quogue Capital LLC and an affiliate of Perceptive Advisors LLC in a registered direct offering conducted without an underwriter or placement agent for gross proceeds of approximately $15 million (the "Offering"). The net proceeds from the Offering, after deducting estimated offering expenses, will be approximately $14.8 million.
How Should Investors Trade CTIC After The Recent Volatility? Get Free Trend Analysis Here
The Wendy's Company (NASDAQ:WEN) shares jumped 0.83% to $8.54. WEN’s stock was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Sept. 12. The firm currently has a $10.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of WEN in a research note to investors on August 16. They now have a $9.25 price target on the stock.
Is WEN A Good Buy After The Recent Price Movement? Find Out Here
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