Orlando, FL -- (SBWIRE) -- 10/25/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Baidu Inc (ADR) (NASDAQ:BIDU), Dendreon Corporation (NASDAQ:DNDN).
Baidu Inc (ADR) (NASDAQ:BIDU) shares gained 4.04% to $161.34. China's securities regulator on Oct. 23 said Baidu Inc. violated securities rules when it announced a new financial product earlier this week, an illustration of the hurdles faced by the country's largest Internet companies as they expand aggressively into the financial sector.
Additionally, the company on Oct. 21 said it will introduce a new financial product next week when it unveils a financial services platform, part of an effort to compete with Internet rivals like Alibaba Group Holding Ltd., which are moving more aggressively into the financial sector. The product, which Baidu says is targeting 8% annual returns, will be part of cooperation with China Asset Management (Hong Kong) Ltd. The minimum investment for the product will be only 1 yuan ($0.16).
Are investors worried about the recent updates with BIDU? Find out with a free trend analysis HERE
Dendreon Corporation (NASDAQ:DNDN) shares climbed 7.11% and closed at $2.41. The company announced that management will host a conference call on Tuesday, November 12, 2013, at 9:00 a.m. EST to review third quarter financial results.
Additionally, the company on Sept. 27 announced the presentation of data from clinical studies featuring PROVENGE® (sipuleucel-T), an autologous cellular immunotherapy for metastatic castrate-resistant prostate cancer (mCRPC), at the 2013 European Cancer Congress in Amsterdam, September 27-October 1, 2013. Preliminary Phase II data surrounding DN24-02, an investigational autologous cellular immunotherapy for patients with surgically resected HER2+ urothelial cancer, will also be presented.
Is DNDN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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