BioFuel Energy Corp. (BIOF) is an energy company which sells ethanol and distillers grain and corn oil. BIOF stock price rose sharply by 57.00%, or $1.71, to $4.71, with 1.70 million shares traded, well above the average daily volume of 49,985 shares. The big rise was on the back that hedge fund manager David Einhorn said in a regulatory filing that he holds a 36.2% stake in BioFuel Energy, up from a stake of 25.5% at the end of the second quarter. BioFuel Energy Corp. has a market cap of $29.39 million.
Peregrine Pharmaceuticals (PPHM) is a clinical-stage biopharmaceutical company developing and manufacturing monoclonal antibodies for the treatment of cancer and viral infections. PPHM stock price soared 46.58%, or $1.43, to $4.50, on a volume of 29.29 million shares, much bigger than the average daily volume of 6.50 million shares. PPHM stock price hit a 52-week new high of $5.08 in the trading session after Peregrine Pharmaceuticals announced a Phase II trial showed the company’s Bavituximab drug boosts lung cancer survival. Peregrine Pharmaceuticals has a market cap of $468.75 million.
Cell Therapeutics, Inc. (CTIC) engages in the development, acquisition, and commercialization of drugs for the treatment of cancer. CTIC stock price surged 29.61%, or $0.53, to $2.32, on a volume of 2.16 million shares, much more than the average daily volume of 473,456 shares, after the company announced to appoint former Managing Director as CTI’s Executive Vice President, Corporate Development. Cell Therapeutics has a market cap of $26.30 million.
Coffee Holding Co.Inc. (JVA) engages in the business of roasted and blended coffees and green coffee. JVA stock price jumped 13.22%, or $3.25, to $27.83, with 11.09 million shares traded, topping the average daily volume of 6.84 million shares. The big gain of JVA shares could be driven by the good outlook for the coffee industry after Lazard Capitals stated a “Buy” rating on Green Mountain Coffee Roasters Inc. (GMCR). Coffee Holding has a market cap of $48.42 million.
Fuwei Films (Holdings) Co., Ltd. (FFHL) develops, manufactures and distributes biaxially oriented polyethylene terephthalate (BOPET) film. FFHL stock price boomed by 22.03%, or $0.26, to $1.44, with 53,988 shares traded, well above the average daily volume of 4,262 shares. There was no significant catalyst supporting the big gain of FFHL shares. Fuwei Films has a market cap of $18.81 million.