NASDAQ Morning Movers; (GFED), (LIFE), (PATH), (PRTS)
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Visit: Life Technologies Corporation
New York, New York - January 18, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for January 18th, 2013.
Guaranty Federal Bancshares Inc., (NASDAQ:GFED) trading at $9.2498 jumped up $1.81 or 24.33% on a volume of 16,989 shares, making it today's top "morning mover".
Life Technologies Corporation (NASDAQ:LIFE) trading at $61.29 gained $6.32 or 11.50% on a volume of 7,498,765 shares.
Life Technologies released a short statement earlier today regarding the biotechnology company with a $9 billion market cap confirming that it has hired Deutsche Bank and Moelis & Co. for the "strategic review" of the company. Stocks rose after the announcement due to the use of language typically taken by the market as a euphemism for a sale process, though the company said the board hasn't "decided on any specific course of action."
NuPathe Inc., (NASDAQ:PATH) trading at $3.619 moved up $0.31 or 9.34% on a volume of 6,313,741 shares.
NuPathe Inc., a maker of neurological and psychiatric medicines won, U.S. approval to sell the first skin patch to treat migraines. The FDA cleared the treatment, called Zecuity, which delivers sumatriptan, the most-prescribed migraine headache medication, through a mild electrical current, Conshohocken. NuPathe expects the product to be ready for sale in the fourth quarter of this year. In August 2011, the FDA decided against approving the therapy due to some questions about the patch's safety for which the company has since redesigned it.
U.S. Auto Parts Network Inc., (NASDAQ:PRTS) trading at $2.08 gained $0.17 or 8.90% on a volume of 122,611 shares.
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