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Adobe Systems Inc. (NASDAQ: ADBE) shares spiked 5.58 percent to close at $45.78 a share Wednesday. The stock traded between $45.35 and $46.44 on volume of 12.57 million shares traded. The company reported revenues totaled $1.011 billion for the second quarter of fiscal 2013, which was within its guidance of $975 million to $1.025 billion Shares of Adobe Systems have gained approximately 21.5 percent year-to-date.
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Biodel Inc. (NASDAQ: BIOD) shares declined 8.61 percent to close at $4.35 a share Wednesday. The stock traded between $4.21 and $4.62 on volume of 3.17 million shares traded. The company announced the pricing of a public offering of 4,482,760 shares of its common stock at $4.35 per share. Shares of Biodel have gained approximately 103.4 percent year-to-date.
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DISH Network Corp. (NASDAQ: DISH) shares gained 0.46 percent to close at $39.27 a share Wednesday. The stock traded between $38.92 and $40.71 on volume of 2.97 million shares traded. The company has announced that it would not submit a new offer to acquire Sprint Nextel Corp. by Tuesday’s deadline and would focus its attention on its tender offer for Clearwire Corp. Shares of DISH Network have gained approximately 7.9 percent year-to-date.
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Keryx Biopharmaceuticals (NASDAQ: KERX) shares spiked 7.57 percent to close at $8.24 a share Wednesday. The stock traded between $8.02 and $8.50 on volume of 9.27 million shares traded. J.P. Morgan has recently initiated coverage on the company with an “overweight” rating and a price target of $13.00. Shares of Keryx Biopharmaceuticals have gained approximately 214.5 percent year-to-date.
Get more information on Keryx Biopharmaceuticals and free access to the in-depth equity report at:
www.FiveStarEquities.com/KERX
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