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Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) shares closed up 8.86 percent on Monday with over 101 million shares traded. The stock had one of the biggest volume jumps on the NASDAQ. The big move came after Chardan Capital upgraded the biotech from neutral to buy. Analyst Ling Wang planted a price target of $9 on the stock.
Meritor, Inc. (NYSE: MTOR) shares closed up 18.14 percent on Monday with about 8.1 million shares traded. The stock was one of the biggest gainers on the NYSE and hit a new 52-week high of $9.27 during intra-day trading. The big move came after a note from Morgan Stanley indicated that Meritor received a somewhat favorable ruling in a Delaware District Court today with Eaton‘s request for a pre-trial motion of judgment being denied.
22nd Century Group, Inc. (OTCBB: XXII) shares closed down 3.19 percent on Monday with about 700,000 shares traded. The stock was one of the most active stocks in the OTBB market and hit a new 52-week high of $2.01 during intra-day trading. The company announced a warrant exchange this month that reduced 22nd Century Group’s “derivative warrant liability” by 93 percent and generated gross proceeds of approximately $3.6 million for the Company.
TechPrecision Corporation (OTC: TPCS) shares closed up 16.48 percent on Monday with nearly 2.9 million shares traded. The stock was one of the biggest gainers in the OTC market. TechPrecision Corporation, an industry leading global manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the naval/maritime, energy and precision industrial sectors, congratulated Mevion Medical Systems on the milestone event of delivering the world’s first MEVION S250 Proton Therapy System for treatment at the S. Lee Kling Proton Therapy Center at Barnes-Jewish Hospital in St. Louis. A patient with a rare type of cancer called chondrosarcoma at the base of the skull has become the first person in the world to receive proton therapy using the system.
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