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Chimerix Inc. (NASDAQ: CMRX) shares surged 18.17 percent to close at $24.58 a share Wednesday. The stock traded between $21.56 and $24.90 on volume of 1.29 million shares traded. The company announced that it has reached an agreement with the FDA to initiate a pilot trial of brincidofovir for the treatment of adenovirus infections in immunocompromised patients. Shares of Chimerix are up approximately 60.0 percent year-to-date.
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Infinera Corp. (NASDAQ: INFN) shares spiked 14.91 percent to close at $9.71 a share Wednesday. The stock traded between $8.83 and $9.75 on volume 5.59 million shares traded. Goldman Sachs has upgraded its rating on the company to “buy” from “neutral” and has set a price target of $11.50 on the stock. Shares of Infinera are down approximately 1.0 percent year-to-date.
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Rite Aid Corporation (NYSE: RAD) shares gained 7.45 percent to close at $6.92 a share Wednesday. The stock traded between $6.59 and $6.95 on volume of 35.51 million shares traded. Goldman Sachs has upgraded its rating on the company to “buy” and has also raised its price target to $8.00 from $5.00. Shares of Rite Aid are up approximately 36.0 percent year-to-date.
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Intrexon Corp. (NYSE: XON) shares jumped 11.46 percent to close at $30.55 a share Wednesday. The stock traded between $27.03 and $31.24 on volume 1.27 million shares traded. The company announced that it has formed an Exclusive Channel Collaboration with Amneal Pharmaceuticals LLC, the 7th largest generic drug manufacturer in the U.S. Shares of Intrexon are up approximately 28.0 percent year-to-date.
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