Las Vegas, NV -- (SBWIRE) -- 10/02/2012 -- Beststocksdaily is one of leading U.S. stock update providers to valued investors. Following are the notable stock losers as reported by http://beststocksdaily.com/
Fonar Corporation (NASDAQ:FONR) shares soared 30.40% and closed at $4.89 in the last trading session after the company posted total net income for the year ended June 30, 2012, increased 108% to $6.9 million, from $3.3 million for the year ended June 30, 2011. Basic net income per common share was $0.93, an increase of 66% over the previous year ended June 30, 2011 of $0.56.
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Synta Pharmaceuticals Corp. (NASDAQ:SNTA) shares surged 23.49% and closed at $9.41 in the last trading session after the company announced results from an interim analysis of the Phase 2b portion of the GALAXY trial, a global, randomized, multi-center Phase 2b/3 study designed to evaluate the efficacy and safety of the Company’s lead Hsp90 inhibitor, ganetespib, as second-line treatment for advanced non-small cell lung cancer (NSCLC). The results showed good tolerability for the combination of ganetespib (G) and docetaxel (D), as well as meaningful improvements in overall survival (OS) in adenocarcinoma patients receiving docetaxel plus ganetespib compared to those receiving docetaxel alone.
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A123 Systems, Inc. (NASDAQ:AONE) shares increased 20% and closed at $0.300 in yesterday’s session. The company received notice from the Nasdaq last month that its stock price is too low for exchange standards and will be delisted if it does not recover to $1 in the next six months. The company said in a securities filing that it has until February 19 to increase its share price back to $1, which it breached more than a month ago. The shares of the company fell 20% in the last one month.
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MGIC Investment Corp. (NYSE:MTG) shares jumped 18.30% and closed at $1.81 in the last trading session after the company said mortgage financier Freddie Mac has reduced the capital the mortgage insurer will need to add to its main unit, MGIC, in order to continue writing insurance throughout the United States. Freddie Mac now requires the company to contribute $100 million, down from $200 million, to allow its new unit MIC to temporarily write mortgage insurance in more states.
To Get complete technical analysis on MTG go to http://beststocksdaily.com/p2/index.php?company=MTG
Coldwater Creek Inc. (NASDAQ:CWTR) shares climbed 17.48% and closed at $0.975 in the previous trading session. The company announced that its board of directors has approved a 1-for-4 reverse stock split of its common stock. The reverse split will become effective and Coldwater Creek common stock will begin trading on a split-adjusted basis when trading begins on October 4, 2012.
Additionally, Piper Jaffray yesterday raised its rating on Coldwater from Neutral to Overweight and increased its price target from $1 to $2.
Get Free Trend Analysis on CWTR Here http://beststocksdaily.com/p2/index.php?company=CWTR
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