NASDAQ Movers; (CBAN), (ADEP), (HALO), (CXPO)
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Visit: Adept Technology Inc.
New York, New York - January 14, 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 14th, 2013.
Colony Bankcorp Inc., (NASDAQ:CBAN) trading at $5.25 gained $0.88 or 20.14% on a light volume of 25,240 shares.
Adept Technology Inc., (NASDAQ:ADEP) trading at $3.9299 moved up $0.62 or 18.73% on a volume of 405,985 shares.
Adept Technology (ADEP), which sells industrial robots and other factory automation systems, rose following an appearance by CEO John Dulchinos on this weekend's edition of 60 Minutes. During his appearance, Dulchinos said U.S. manufacturers can leverage technology like that offered by Adept to equalize the costs of manufacturing in the U.S. compared to global competition. Dulchinos added that robots and automation may make it more likely that U.S. companies will find it beneficial to keep factories in the country or move them back here
Halozyme Therapeutics Inc., (NASDAQ:HALO) trading at $8.20 rose by $0.99 or 13.73% on a volume of 1,277,114 shares.
Halozyme Therapeutics (HALO) began rising and will likely move higher after an upgrade from BMO Capital Markets from Neutral to Outperform. The analyst's price target was raised from $4.00 to $12.00 per share; this is mostly due to the company expecting to see its first major product (in collaboration with Roche) hit the market in the next several months.
Roche (RHHBY.OB) expects to receive European approval of its SC Herceptin drug (Roche's $6 billion cancer treatment combined with Halozyme's subcutaneous delivery technology) this quarter, and could launch the drug before mid-year.
Crimson Exploration Inc., (NASDAQ:CXPO) trading at $3.12 gained $0.32 or 11.43% on a volume of 227,308 shares.
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