Active traders and day traders have several key stocks to watch. We are tracking moves in Adobe Systems, Inc. (NASDAQ: ADBE), Biogen Idec Inc. (NASDAQ: BIIB), Deutsche Bank AG (NYSE: DB), Microsoft Corporation (NASDAQ: MSFT), Origin Agritech Limited (NASDAQ: SEED), Research in Motion Limited (NASDAQ: RIMM), Vical Incorporated (NASDAQ: VICL), and VIVUS, Inc. (NASDAQ: VVUS).
Adobe Systems, Inc. (NASDAQ: ADBE) is down sharply after revenue forecasts were shy of expectations, like the Apple woes did not signal that. Share sare down 20% at $26.27 on active trading. The 52-week range is $26.01 – $38.20.
Biogen Idec Inc. (NASDAQ: BIIB) is getting hit after Novartis got an MS drug approval from the FDA that could be a rival to Biogen’s MS franchise. Shares are down almost 5% at $55.45.
Deutsche Bank AG (NYSE: DB) is getting a bit of a recovery after seeing shares hit yesterday. So far the ADR is up 2% at $55.25.
Microsoft Corporation (NASDAQ: MSFT) sees that no good deed goes unpunished after announcing a debt raise and dividend boost. Shares are down 1.15% at $24.86 on over 200,000 shares.
Origin Agritech Limited (NASDAQ: SEED) is up after it reached a worldwide agreement with the Institute of Plant Protection, Chinese Academy of Agricultural Sciences (CAAS), which jointly owns the rights to the internally developed Bt-gene. Shares are trading up 9.22% at $8.29 on over 40,000 shares.
Research in Motion Limited (NASDAQ: RIMM) is seeing shares trade up almost 1% at $47.60 after word of a rival for the tablet PC and after TheStreet.com said it could possibly double.
Vical Incorporated (NASDAQ: VICL) is getting squashed on news that it and Sanofi’s Ischemia drug failed late stage trials. Shares are down 35% at $2.50 on over 40,000 shares.
VIVUS, Inc. (NASDAQ: VVUS) shares are up close to 6% at $7.14 on over 70,000 shares after Canaccord raised the rating and on continued positive news about its obesity drug candidate.
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JON C. OGG
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