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Thursday's Put/Call Ratio Leaders
Thursday, July 7, 2011 - 1:31pm | 78Here are today's Put/Call Ratio leaders… 1. Hormel Foods (NYSE: HRL) 2,642 puts, 34 calls 2. Thoratec Corp. (NASDAQ: THOR) 7,363 puts, 160 calls 3. Santander Finance Preferred (NYSE: STD) 4,375 puts, 159 calls 4. HSBC Holdings (NYSE: HBC) 4,385 puts, 171 calls 5. Forest Laboratories (NYSE: FRX) 4...
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Medtronic To Acquire PEAK Surgical for $120M
Thursday, July 7, 2011 - 11:26am | 221Medtronic, Inc. (NYSE: MDT) today announced that it has entered into a definitive agreement to acquire PEAK Surgical, Inc., a recognized leader in the emerging field of advanced energy surgical incision technology to broaden Medtronic Surgical Technologies' portfolio of innovative surgical products...
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Medtronic To Acquire Salient Surgical Technologies for $525M
Thursday, July 7, 2011 - 11:26am | 97Medtronic, Inc. (NYSE: MDT) today announced that it has entered into a definitive agreement to acquire Salient Surgical Technologies, Inc.. Salient's AQUAMANTYS® system with patented TRANSCOLLATION® technology will broaden Medtronic Surgical Technologies' portfolio of innovative surgical products...
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Rodman & Renshaw Reiterates Market Perform on Kinetic Concepts
Thursday, July 7, 2011 - 9:32am | 31Rodman & Renshaw reiterated its Market Perform rating on Kinetic Concepts (NYSE: KCI). In today's trading, KCI added 0.08% to its value to trade around $66.25.
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Piper Jaffray Maintains Underweight on Kinetic Concepts
Thursday, July 7, 2011 - 8:36am | 92Piper Jaffray is out with its report today on Kinetic Concepts (NYSE: KCI), maintaining Underweight. In a note to clients, Piper Jaffray writes, "We view the potential LBO of KCI as an attractive way to take the company through a series of transformative adjustments over the next 3-5 years without...
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CryoLife Invests $3.5M in ValveXchange
Thursday, July 7, 2011 - 8:36am | 48CryoLife, Inc. (NYSE: CRY) announced today a $3.5 million equity investment in ValveXchange Inc. ValveXchange is a private medical device company that was spun-off out of Cleveland Clinic to develop a lifetime heart valve replacement technology platform featuring exchangeable bioprosthetic leaflets.
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UPDATE: Wedbush Raises PT on Rockwell Medical Technologies to $17
Thursday, July 7, 2011 - 8:07am | 118Wedbush is out with its report today on Rockwell Medical Technologies (NASDAQ: RMTI), raising its PT from $12 to $17. In a note to clients, Wedbush writes, "Reiterate OUTPERFORM rating and raising our fair value to $17 from $12. Our new fair value of $17 is calculated using a sum-of-parts analysis...
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Hearing Intuitive Surgical Downgraded at Gleacher
Thursday, July 7, 2011 - 7:29am | 32@markflowchatter reports that Intuitive Surgical (NASDAQ: ISRG) has been downgraded to Neutral from Buy at Gleacher.
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Wedbush Raises PT On Rockwell Medical Technologies To $17
Thursday, July 7, 2011 - 7:25am | 28Wedbush Securities has raised the price target on Rockwell Medical Technologies (NASDAQ: RMTI) from $12 to $17 and maintains its Outperform rating.
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Morgan Stanley Discontinuations 7/6 Continued
Thursday, July 7, 2011 - 7:19am | 103Morgan Stanley has discontinued coverage on the following companies: Affymetrix (NASDAQ: AFFY) Pacific Biosciences (NASDAQ: PACB) Gen-Probe (NASDAQ: GPRO) Thermo Fisher Scientific (NYSE: TMO) Myriad Genetics (NASDAQ: MYGN) Waters Corporation (NYSE: WAT) Ilumina (NASDAQ: ILMN) Life Technology (...
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Swing & Fade Traders Frustrated 07-06-2011
Wednesday, July 6, 2011 - 5:48pm | 827Cusick's Corner The market is in a light volume, range-bound environment that has no solid leadership across the board. We are seeing stocks and commodities that are trading now in a range to the upside but the huge trend, a break out or down, has not been confirmed. If you look at the S&Ps,...
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4 Momentum Stocks To Watch
Wednesday, July 6, 2011 - 5:06pm | 1402( click to enlarge ) Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) - Nice looking breakout with volume. The stock hit a high of $6.62 which is now resistance for Thrusday's follow through move. ( click to enlarge ) Hansen Medical, Inc. (NASDAQ:HNSN) has a bullish looking stock chart, price...
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Medtronic Faces Criticism of Infuse
Wednesday, July 6, 2011 - 4:51pm | 359Medical technology company Medtronic (NYSE: MDT) has seen recent fluctuations in its share price, after a critical report was released in a medical journal. Medtronic produced and funded research on a product called Infuse. Infuse is a genetically engineered protein used to stimulate bone growth...
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Piper Jaffray Reiterates Overweight On ResMed
Wednesday, July 6, 2011 - 1:09pm | 146Piper Jaffray is reiterating its Overweight rating and $37 price target on shares of ResMed Inc. (NYSE: RMD). In a note to clients, Piper Jaffray writes, "ResMed announced the acquisition of BiancaMed, a private, Northern Ireland based company offering non-contact sleep and breathing monitoring...
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C.R. Bard Extends Settlement in Kugel Mesh Litigation
Wednesday, July 6, 2011 - 1:06pm | 72Motley Rice LLC announces today that C.R. Bard, Inc. (NYSE: BCR), parent company to Davol Inc., has negotiated with more than 100 law firms from across the nation and extended settlement offers totaling approximately $184 million in some 2,600 lawsuits filed due to serious medical complications...