Pompano Beach, FL -- (SBWIRE) -- 09/27/2012 -- Life Partners Holdings, Inc. (NASDAQ:LPHI) plunged 10.93% to $3.26 on over 3.81 million shares. The company said a Texas judge ruled in its favor, saying the life settlement transactions it facilitates are not securities under the Texas law and denied the state attorney general's request to put the company into receivership.
The stock slumped more than 49% year-to-date.
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Cepheid (NASDAQ:CPHD) slumped 8.03% to $36.01. Yesterday, the company announced that for the third quarter of 2012, it expects revenue to be in the range of $79 to $81 million. For fiscal 2012, it continues to expect total revenue to be in the range of $333 to $347 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $84 million for the third quarter of 2012 and revenues of $334 million for fiscal 2012.
Over the past five trading sessions, the stock slumped more than 9%.
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HB Fuller Co (NYSE:FUL) lost 7.85% to $30.76 on a traded volume of 1.21 million shares. H.B. Fuller Co's third-quarter profit met analysts' estimates, but the specialty chemicals maker cut its full-year revenue outlook, citing a slight slow down in the global market for industrial adhesives. The company cut its full-year revenue forecast to between $1.88 billion and $1.90 billion from between $1.93 billion and $1.98 billion.
Analysts had been estimating its full-year revenue at $1.88 billion, according to Thomson Reuters I/B/E/S.
Net income from continuing operations for the third quarter was $24.6 million, or 48 cents per share, up from $22.2 million, or 44 cents per share, reported last year.
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ImmunoGen, Inc. (NASDAQ:IMGN) went down 6.59% to $14.75 on a traded volume of 741K shares. The stock was rated new Sell at UBS with a price target of $10.
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Alcoa Inc. (NYSE:AA) added 0.56% to $8.94 on a traded volume of 10.72 million shares. The stock was downgraded at Dahlman from Buy to Hold, Dahlman Rose said. Expect aluminum prices to remain range bound.
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