Stamford, CT -- (SBWIRE) -- 08/14/2013 -- High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: GenMark Diagnostics, Inc (NASDAQ:GNMK), Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR), The Medicines Company (NASDAQ:MDCO), BioScrip Inc (NASDAQ:BIOS)
GenMark Diagnostics, Inc (NASDAQ:GNMK) shares jumped 2.02% to $10.09. The company on August 13 announced the upsizing and pricing of its previously announced underwritten public offering. The size of the offering has been increased and the Company sold 7,622,000 shares of its common stock at a public offering price of $9.84 per share. All of the shares in the offering are being sold by GenMark. The offering is expected to close on August 19, 2013, subject to customary closing conditions.
Should Investors Buy GNMK After Yesterday’s Slump? Find Out Here
Avanir Pharmaceuticals, Inc. (NASDAQ:AVNR) shares jumped 12.26% to $5.13. The company on August 14 announced that it has entered into a settlement agreement with Sandoz, Inc. to resolve pending patent litigation in response to Sandoz's abbreviated new drug application (ANDA) seeking approval to market generic versions of Avanir's NUEDEXTA® (dextromethorphan hydrobromide/quinidine sulfate) capsules.
Additionally, the company on August 6 reported financial results for the three and nine-months ended June 30, 2013. Total net revenues for the quarter ended June 30, 2013 were $19.8 million, compared with $10.5 million for the comparable quarter in fiscal 2012, representing 87% year-over-year growth. Net loss for the fiscal 2013 third quarter was $11.4 million, or $0.08 per share, compared with a net loss of $15.0 million, or $0.11 per share, for the same period in fiscal 2012.
Can Traders Buy AVNR After The Solid Rally? Get Free Trend Analysis Here
The Medicines Company (NASDAQ:MDCO) shares declined 1.76% to $30.20. The company on August 13 announced the pricing of an underwritten registered public offering of 5,785,123 shares of its common stock at a public offering price of $30.25 per share. All of the shares in the offering are to be sold by The Medicines Company. The offering is expected to close on or about August 19, 2013, subject to the satisfaction of customary closing conditions.
Should Investors Buy MDCO After Yesterday’s Slump? Find Out Here
BioScrip Inc (NASDAQ:BIOS) shares dropped 4.16% to $13.57. The company, on August 14, announced the upsizing and pricing of the previously announced registered underwritten public offering of its common stock. The size of the offering has been upsized from the previously announced 6,800,000 shares to 6,895,873 shares, all of which will be sold by selling stockholders. The underwriter of this offering has been granted an option, exercisable within 30 days, to purchase up to an additional 1,020,000 shares of common stock from the selling stockholders on the same terms and conditions. BioScrip will not receive any of the proceeds from the initial sale of the shares of common stock or the sale of any additional shares pursuant to the option.
How Should Investors Trade BIOS After The Recent Volatility? Get Free Trend Analysis Here
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