Bonds may be closed for Columbus Day, but the U.S. stock market is open and there are many movers to watch. Some of the most active stocks or largest moves seen in shares of Alexza Pharmaceuticals Inc. (NASDAQ: ALXA), AllianceBernstein Holding L.P. (NYSE: AB), Allied Irish Banks plc (NYSE: AIB), Canadian Solar Inc. (NASDAQ: CSIQ), Chesapeake Energy Corporation (NYSE: CHK), China New Borun Corporation (NASDAQ: BORN), CIT Group, Inc. (NYSE: CIT), Generex Biotechnology Corp. (NASDAQ: GNBT), Harbin Electric, Inc. (NASDAQ: HRBN), Immunogen Inc. (NASDAQ: IMGN), and LDK Solar Co., Ltd. (NYSE: LDK).
Alexza Pharmaceuticals Inc. (NASDAQ: ALXA) is getting crushed after the FDA declined approval for its anti-psychotic drug: NDA review cycle is complete and the application is not ready for approval in its present form. Shares are down 47% at $1.60 on over 700,000 shares.
AllianceBernstein Holding L.P. (NYSE: AB) is indicated up less than 1% after Barron’s gave it a cover story as “A Deep Value Play.”
Allied Irish Banks plc (NYSE: AIB) is not seeing news, but the notion that it was up this morning almost seems like a reason for celebration… AIB shares are up 1% at $1.17.
Canadian Solar Inc. (NASDAQ: CSIQ) is up 0.6% at $15.59 and the indications were higher based upon a new CFO appointment after an SEC inquiry. It backed prior guidance and said shipments would be at the mid-point to higher-end of guidance.
Chesapeake Energy Corporation (NYSE: CHK) is trading up after CNOOC from China is investing $2.16 billion in Chesapeake for one of its large shale projects. Shares are up 5% at $24.28.
China New Borun Corporation (NASDAQ: BORN) is trading like ‘born to run’ after being given the #1 position in the IBD 100 this weekend. Shares are up 4.5% at $16.80, a new all-time high above the prior high from last week of $16.14.
CIT Group, Inc. (NYSE: CIT) is trading up about 1.5% at $41.35 after Barron’s reported that Thain is turning it around.
Generex Biotechnology Corp. (NASDAQ: GNBT) is up 20% at $0.52 ahead of key data being presented today.
Harbin Electric, Inc. (NASDAQ: HRBN) received a going-private proposal from its CEO for $24.00 per share in cash. Volume is light but so far shares are up over 27% at $25.50, above the offer.
Immunogen Inc. (NASDAQ: IMGN) is trading up by 9% at $7.75 as a carry-on trade from Friday after it gave new cancer trial data this morning.
LDK Solar Co., Ltd. (NYSE: LDK) raised guidance on revenue and shipment estimates. Shares are up 9.3% at $10.71.
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JON C. OGG
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