Five Star Equities Issues New Research Reports on HNSN, MNK, MODN and OPTT


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NASDAQ:HNSN / NYSE:MNK / NYSE:MODN / NASDAQ:OPTT
02/12/2014 [ACCESSWIRE]

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Hansen Medical, Inc. (NASDAQ: HNSN) shares surged 12.56 percent to close at $2.51 a share Tuesday. The stock traded between $2.38 and $2.89 on volume of 6.69 million shares traded. The company announced that it has received clearance from the FDA for its Magellan 6Fr Robotic Catheter for peripheral vascular interventions. Shares of Hansen Medical are up approximately 45.0 percent year-to-date.

Get more information on Hansen Medical and free access to the in-depth equity report at:  
www.FiveStarEquities.com/HNSN

Mallinckrodt PLC (NYSE: MNK) shares spiked 11.60 percent to close at $66.19 a share Tuesday. The stock traded between $63.90 and $67.44 on volume 7.60 million shares traded. The company announced that it has acquired Cadence Pharmaceuticals, Inc. for $14.00 per share in cash or approximately $1.3 billion. Shares of Mallinckrodt are up approximately 26.0 percent year-to-date.

Get more information on Mallinckrodt free access to the in-depth equity report at:  
www.FiveStarEquities.com/MNK

Model N Inc. (NYSE: MODN) shares surged 18.71 percent to close at $12.18 a share Tuesday. The stock traded between $11.74 and $12.97 on volume of 1.22 million shares traded. The company reported non-GAAP diluted net loss per share was $(0.03) for the first quarter of fiscal 2014, topping analysts’ expectations of $(0.12). Shares of Model N are up approximately 3.0 percent year-to-date.

Get more information on Model N and free access to the in-depth equity report at:  
www.FiveStarEquities.com/MODN

Ocean Power Technologies Inc. (NASDAQ: OPTT) shares soared 53.58 percent to close at $3.53 a share Tuesday. The stock traded between $2.47 and $4.28 on volume 26.22 million shares traded. Lockheed Martin has signed a deal with Victorian Wave Partners Ltd., which is owned by OPT, to begin developing the world’s largest wave energy project. Shares of Ocean Power Technologies are up approximately 80.0 percent year-to-date.

Get more information on Ocean Power Technologies and free access to the in-depth equity report at:  
www.FiveStarEquities.com/OPTT

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Five Star Equities has no financial relationship with any company whose stock is mentioned in this release.

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