Top stock gainer No.1: Onyx Pharmaceuticals, Inc. (ONXX) is a biopharmaceutical company focusing on developing and commercializing therapies that target the molecular mechanisms that cause cancer. ONXX shares surged to a new high of $64.68 this year, up 43.07%, or $19.20, with a volume of 22.78 million shares, well above the daily average of 1.47 million shares. ONXX announced after the closing bell of Wednesday that the FDA’s Oncologic Drugs Advisory Committee determined by a vote of 11-0 that, in patients with relapsed and refractory multiple myeloma who have received at least two prior lines of therapy that included a proteasome inhibitor and an immunomodulatory agent, the benefit-risk assessment is favorable for the use of Kyprolis. Onyx is developing Kyprolis for use in multiple myeloma across a variety of treatment lines.
Top stock gainer No.2: Sun Healthcare Group, Inc. (SUNH) is a healthcare services company operating skilled nursing centers and serving principally the senior population in the United States. SUNH shares soared 36.81%, or $2.26, to end at $8.40 with a volume of 23.42 million, well above the daily average of 255,766 shares. The gain of SUNH shares was based on the news that Sun Healthcare Group, Inc. said Wednesday it had agreed to be acquired by Genesis HealthCare (Genesis) for $8.50 per share of common stock in cash, resulting in a transaction value of approximately $275 million net of cash and debt acquired.
Top stock gainer No.3: Eagle Bulk Shipping, Inc. (EGLE) is engaged primarily in the ocean transportation of a range of dry bulk cargoes worldwide, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. EGLE shares jumped 31.21%, or $0.93, to close at $3.9. The gain of EGLE stock price was boosted by the news that the dry-bulk shipper has reached an agreement with lenders that will allow it to avoid bankruptcy.
Top stock gainer No.4: Pizza Inn Holdings, Inc. (PZZI), together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out, and express restaurants domestically and internationally under the Pizza Inn trademark and operate one domestic fast casual restaurant under the trademark Pie Five Pizza Company. PZZI stock price moved up 20.00%, or $0.51, to finish at $3.06 per share, with a volume of 157,370 shares, well above the daily average of 36,566 shares. The increase was based on no significant news. The latest news about the company was that it on June 14, 2012 announced the opening of its newest Pizza Inn Express restaurant at 10920 W. Little York Drive in Houston.
Top stock gainer No.5: Prima Biomed Ltd. (PBMD) engages in the research and commercialization of licensed medical biotechnology products in Australia. PBMD shares opened lower at $3.00 per share versus the prior day closing price of $3.50, then jumped in the afternoon trading session, and finally closed at $4.17, representing an increase of 19.14%, or $0.67 compared with the prior day closing price. Volume was just 2,254 shares versus a daily average of 1,750 shares. There was no significant news for PBMD today.