There are several stocks on the move this morning.
Aeterna Zentaris Inc. (NASDAQ: AEZS) announced positive study data for its growth hormone treatment. Shares are up almost 7% at $1.26 on over 75,000 shares in the pre-market.
Affymax, Inc. (NASDAQ: AFFY) is down huge after reporting that its anemia drug met primary endpoints. Shares closed at $23.01, but the stock is down almost 65% at $8.07 on over 1.7 million shares.
Baidu, Inc. (NASDAQ: BIDU) is rallying with stocks and with China after the Yuan de-pegging news from the weekend. Shares are up 3.3% at $76.59 on about 150,000 shares.
BP plc (NYSE: BP) is down 3.6% at $30.62 on heavy ADR volume. The oil giant has said that the costs of cleaning up the oil spill already reached $2 billion. Weekend reports put the company at raising up to $50 billion through debt and via asset sales. The worst case scenario now have the leak being up to 100,000 barrels a day.
American Italian Pasta Co. (NASDAQ: AIPC) is soaring on active trading of more than 2 million shares after Ralcorp Holdings Inc. (NYSE: RAH) agreed to buy the company out for $1.2 billion. Shares are up 26% at $52.62, well above the $44.00 high of the last 52-weeks.
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