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Los Angelas, CA -- (SBWIRE) -- 10/05/2012 -- Cell Therapeutics, Inc. (CTI) develops, acquires and commercializes treatments for cancer. The Company’s research, development,acquisition and in-licensing activities concentrate on identifying and developing new ways to treat cancer. As of December 31, 2011, CTI focused its efforts on Pixuvri (pixantrone dimaleate) (Pixuvri), OPAXIO (paclitaxel poliglumex) (OPAXIO), tosedostat, brostallicin and bisplatinates.New York, NY- Cell Therapeutics (NCM:CTIC) is very active today and traded between $1.42 - 1.61 with total traded volume of 17690264 shares. At a current price of 1.59, CTIC is -0.45 -22.06% from the previous close of $2.04. Moreover, At Current Market Price, CTIC is in distance of -34.30% from its 50-day Moving Average price of $2.42 and -58.72% of its 200-day Moving Average price of $3.8514. Cell Therapeutics Inc announced the pricing of an underwritten public offering of 60,000 shares of its Series 17 Preferred Stock, offered at a price to the public of $1,000 per share of Series 17 Preferred Stock (the Offering). Each share of Series 17 Preferred Stock is convertible at the option of the holder, at any time, into approximately 714 shares of common stock at a conversion price of $1.40 per share of common stock, for a total of approximately 42.9 million shares of common stock. The shares of Series 17 Preferred Stock will automatically convert into shares of common stock in certain circumstances.
Can CTIC Bounce Back After The Recent Slump? Find Out Here
First Solar Inc. (FSLR), the world’s biggest maker of thin-film panels, fell the most in five weeks after an analyst downgraded the company on product-reliability concerns.New York, NY - First Solar, Inc.(NasdaqNM:FSLR) is -2.6902 - -11.93% from the previous close of $22.5502. It traded between $19.81 - 22.12 with total traded volume of 7937556 shares. Keep a close eye on FSLR, as the stock has been showing unusual moves over the past weeks. At Current market price, FSLR has recovered +73.75% from its 52-week Low of 11.43 and has Pulled back -69.54% from its 52-week high of 65.20.First Solar, Inc. (NASDAQ: FSLR): Rising manufacturing capacity of solar panels and wind turbines in China has made a large oversupply and a possible financial crisis in manufacturers and state-owned banks, according to the New York Times. China’s most prominent solar panel makers have faced losses of as much as $1 for every $3 of sales during the year.
Can FSLR Bounce Back? Check out here
Glu Mobile Inc. (Glu) designs, markets and sells mobile games. The Company has developed and published a portfolio of action/adventure and casual games designed to appeal to a cross section of the users of smartphones and tablet devices who purchase its games through direct-to-consumer digital storefronts, as well as users of feature phones served by wireless carriers and other distributors. It creates games based on its own original brands, as well as third-party licensed brands. Its original games include Big Time Gangsta, Blood & Glory, Bug Village, Contract Killer, Contract Killer: Zombies, Eternity Warriors, Frontline Commando, Gun Bros, Men vs. Machines, Stardom.Glu Mobile (NASDAQ:GLUU) improves from a C to a B rating this week. Glu Mobile develops and publishes mobile games on a global basis. Since last month, GLUU shares are up 14.7%. For more information, get Portfolio Grader’s complete analysis of GLUU stock.
How Should Investors Trade GLUU Now? Find Out Here
Mercury Computer (NasdaqNM:MRCY) is very active today and traded between $7.50 - 8.17 with total traded volume of 1044913 shares. At a current price of 7.92, MRCY is -1.72 - -17.84% from the previous close of $9.64. Moreover, At Current Market Price, MRCY is in distance of -20.90% from its 50-day Moving Average price of $10.0126 and -31.72% from its 200-day Moving Average price of $11.5989. Mercury Computer Systems Inc(NASDAQ:MRCY) stock plunged 20.44% to $7.67 after the company announced that for first quarter of 2013, it expects revenue to be in the range of $48-$50 million, GAAP loss from continuing operations to be in the range of $0.24-$0.28 per share and Adjusted EBITDA to be in the range of ($1.0)-$2.0 million.
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