Las Vegas, NV -- (SBWIRE) -- 10/05/2012 -- Beststocksdaily is one of leading U.S. stock update providers to valued investors. Following are the notable stock movers as reported by http://beststocksdaily.com/
InterMune, Inc. (NASDAQ:ITMN) is currently trading at $9.29, 4.97% higher on a traded volume of 1.28 million shares. The biotech company said Health Canada has approved its Esbriet drug for the treatment of a fatal lung disease, expanding the list of countries where the drug is approved.
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Sarepta Therapeutics Inc (NASDAQ:SRPT) skyrocketed 162.84% to $39.40 on a traded volume of 18.87 million shares. The company announced Wednesday morning that treatment with eteplirsen, met the primary efficacy endpoint of an increase in novel dystrophin and achieved a significant clinical benefit on the primary clinical outcome, the 6-minute walk test over the placebo/delayed treatment cohort, in a Phase IIb extension trial in Duchenne muscular dystrophy patients.
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Xyratex Ltd. (NASDAQ:XRTX) slumped 14.25% to $7.46 on a traded volume of 1.47 million shares. The company late Tuesday said fiscal third quarter net earnings were $7.7 million, or 28 cents a share, down from $9.7 million, or 32 cents a share, a year ago. Adjusted earnings were 37 cents a share. Revenue for the most recent period declined to $275.7 million from $361.8 million.
Analysts polled by FactSet had expected earnings of 44 cents a share on $316.3 million in sales.
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MetroPCS Communications Inc (NYSE:PCS) among the losers and the stock plunged 7.74% to $12.52 on a traded volume of 49.15 million shares. Reuters reported that Deutsche Telekom AG is in talks to merge its T-Mobile USA unit with MetroPCS Communications Inc. DT has talked about contributing its T-Mobile USA operations rather than paying cash. In return it would get a stake in MetroPCS, with the option to sell that on the stock market later. MetroPCS confirmed the talks but said it did not intend to comment further unless and until it reaches a deal.
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