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Cardica Applies CE Mark to Microcutter XPRESS 30 Surgical Cutting and Stapling Device
Thursday, June 30, 2011 - 2:14pm | 145Cardica, Inc. (Nasdaq: CRDC) today announced that it has completed the internal design verification process for its proprietary Microcutter XPRESS™ 30 surgical cutting and stapling device necessary to apply the CE Mark to this product for commercial use in Europe. Cardica plans to initiate first-in...
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NASDAQ Stocks Hitting 52-Week Highs
Thursday, June 30, 2011 - 11:27am | 111Volcano Corporation (NASDAQ: VOLC) shares rose 1.79% to create a new 52-week high of $32.38. VOLC's trailing-twelve-month revenue is $308.57 million. State Bancorp Inc (NASDAQ: STBC) shares gained 0.98% to create a new 52-week high of $13.44. STBC's trailing-twelve-month operating margin is 34.88...
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Boston Scientific Announces U.S. and European Launch of Interlock - 35 Fibered IDC Occlusion System
Thursday, June 30, 2011 - 8:36am | 218Boston Scientific Corporation (NYSE: BSX) today announced the immediate U.S. and European launch of its Interlock™ – 35 Fibered IDC™ Occlusion System. Earlier this year, the system received clearance from the U.S. Food and Drug Administration and CE Mark approval for obstructing or reducing blood...
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Wedbush Reiterates Outperform and PT of $18 on DexCom
Thursday, June 30, 2011 - 8:31am | 39Wedbush reiterated its Outperform rating on DexCom (NASDAQ: DXCM). At the same time, Wedbush left its price target on the company's stock unchanged at $18. On Wednesday, DexCom closed teh day at $14.49.
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Benzinga's Top Upgrades
Thursday, June 30, 2011 - 8:03am | 136Analysts at Piper Jaffray upgraded Hansen Medical Inc (NASDAQ: HNSN) from “neutral” to “overweight.” HNSN's shares closed at $3.01 yesterday. Hansen Medical's PEG ratio is 0.03. Analysts at Citigroup upgraded eBay Inc (NASDAQ: EBAY) from “hold” to “buy.” EBAY's shares closed at $30.86 yesterday....
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Morgan Keegan Reiterates Market Perform and PT of $345 on Intuitive Surgical Corporation
Thursday, June 30, 2011 - 7:45am | 47Morgan Keegan reiterated its Market Perform rating on Intuitive Surgical Corporation (NASDAQ: ISRG). At the same time, Morgan Keegan left its price target unchanged at $345. On Wednesday, Intuitive Surgical Corporation added 0.72% to its value to finish the day at $368.40.
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Morgan Keegan Provides Color on Medtronic
Thursday, June 30, 2011 - 7:40am | 126Morgan Keegan provided color on Medtronic (NYSE: MDT). In a research report published today, Morgan Keegan commented on the problems in some research, which had been sponsored by Medtronic. In the report, Morgan Keegan states, “Review of 13 InFuse Studies identifies important failings, especially...
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Greatbatch Amends Revolving Credit Facility
Wednesday, June 29, 2011 - 4:47pm | 150Greatbatch, Inc. (NYSE: GB), today announced that it has amended its revolving credit facility, which was set to expire in May of 2012. The new credit facility extends the maturity date to June of 2016 and increases the amount of credit available to $400 million from the $235 million under the old...
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Wednesday's Put/Call Ratio Leaders
Wednesday, June 29, 2011 - 1:54pm | 80Here are today's Put/Call Ratio leaders… 1. Ashford Hospitality Trust (NYSE: AHT) 5,000 puts, 33 calls 2. H&R Block Inc. (NYSE: HRB) 4,542 puts, 37 calls 3. Myriad Genetics (NASDAQ: MYGN) 3,038 puts, 28 calls 4. Ralcorp Holdings (NYSE: RAH) 3,083 puts, 62 calls 5. ResMed Inc. (NYSE: RMD) 6,034...
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Options Brief: Varian Medical Systems
Wednesday, June 29, 2011 - 10:38am | 80Shares of Varian Medical Systems, Inc. (NYSE: VAR) are higher on the session by 0.50%, trading at $69.95. Overall put volume is now running at 4.56x the daily average, with 39% of all puts traded being purchases on the offer. 1,261 contracts have traded on the session so far. Varian Medical...
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Morning Market Losers
Wednesday, June 29, 2011 - 9:57am | 96Pro-Dex Inc (NASDAQ: PDEX) dipped 25.45% to $2.05 at 9:55 am. PDEX's trailing-twelve-month ROE is -22.05%. Tibet Pharmaceuticals Inc (NASDAQ: TBET) shares dropped 24.00% to $1.52. TBET's trailing-twelve-month revenue is $33.58 million. Rubicon Minerals Corporation (AMEX: RBY) shares moved down...
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Collins Stewart Maintains Buy on Intuitive Surgical
Wednesday, June 29, 2011 - 9:21am | 94Collins Stewart is out with its report today on Intuitive Surgical (NASDAQ: ISRG), maintaining Buy. In a note to clients, Collins Stewart writes, "Over the past couple of days, we attended the annual World Robotic Society conference, which is focused on ISRG's da Vinci system. Overall, our due...
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Piper Jaffray Reports Price Target Of $44 For Medtronic
Wednesday, June 29, 2011 - 8:42am | 70According to Piper Jaffray, Medtronic (NYSE: MDT) price target is $44. Piper Jaffray said that, while more negative focus on InFuse will likely continue to pressure spine division sales, the larger portion of MDT's spine business, core constructs, are trending upward. “Our price target of $44 is...
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J.P. Morgan Maintains Neutral on Medtronic
Wednesday, June 29, 2011 - 8:32am | 128J.P. Morgan is out with its report today on Medtronic (NYSE: MDT), maintaining Neutral. In a note to clients, J.P. Morgan writes, "Our $41 December 2011 price target values Medtronic at 11.0x our CY12 EPS forecast. This is a modest discount to the company's current NTM multiple of 11.6x, and...
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Rockwell Medical Gains Membership Into the Russell 2000 Index
Wednesday, June 29, 2011 - 7:32am | 117Rockwell Medical (Nasdaq: RMTI) today announced that the Company was added to the Russell 2000® Index at the close of market on June 24, 2011 as part of the annual reconstitution of Russell indexes. The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity...