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Puts Purchased on St. Jude Medical, Inc.
Monday, June 27, 2011 - 1:18pm | 130Shares of St. Jude Medical, Inc. (NYSE: STJ) are higher on the session by 0.11%, currently trading at $46.35. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while...
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Piper Jaffray Comments on May Data for Baxter International
Monday, June 27, 2011 - 8:11am | 152“We see the May data as proving continued support for an important element of our bullish thesis on Baxter International Inc. (NYSE: BAX),” Piper Jaffray wrote in a report this morning. “IVIG growth will remain stable over the intermediate and long term. After a tumultuous 1Q10 last year driven...
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Citi Has Buy Rating On Medtronic
Monday, June 27, 2011 - 7:45am | 84Citi Investment Research has a Buy rating and a $48 price target on shares of Medtronic Inc (NYSE: MDT). In the note, Citi writes, "While STJ continues to garner bullish Street calls, commentary on MDT has been light since the F4Q11 earnings call. We expect this to change during 2H11, as MDT...
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Piper Jaffray Reiterates Overweight and PT of $20 on DexCom
Monday, June 27, 2011 - 6:18am | 46Piper Jaffray reiterated its Overweight rating on DexCom (NASDAQ: DXCM). At the same time, Piper Jaffray left its price target on the company's stock unchanged at $20. On Friday, DexCom lost 0.54% of its value to end the week at $14.60.
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Merger Arbitrage Mondays – June 27, 2011
Monday, June 27, 2011 - 3:51am | 4824Merger activity decreased last week with two new deals announced and five closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 104 Total Number of Deals...
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Merger Arbitrage Mondays – June 27, 2011
Monday, June 27, 2011 - 3:51am | 4824Merger activity decreased last week with two new deals announced and five closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 104 Total Number of Deals...
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Take the Market's Pulse Using the 200-Day
Friday, June 24, 2011 - 7:09pm | 903Cusick's Corner Over the weekend take a look at the benchmarks and your individual holdings to establish a sense of support. For example, consider looking at the S&P 500 September Future to help understand the general pulse. The S&P is 5 points before getting to the 200-Day Moving Average...
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BSD Medical Signs Exclusive Distribution Agreement with Classic Medical
Friday, June 24, 2011 - 1:52pm | 136BSD Medical Corporation (NASDAQ: BSDM) announced today that the Company has signed an exclusive agreement with Classic Medical, Inc. for the sales and distribution of the MicroThermX® Microwave Ablation line of products. Classic Medical is a leading seller of minimally invasive surgical products...
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BIOLASE to Raise Approximately $9 Million From Institutional Investors in Private Placement
Friday, June 24, 2011 - 12:25pm | 201BIOLASE Technology, Inc. (NASDAQ: BLTI) announced today that it has entered into an agreement with Deerfield Management, a leading institutional life science investor, as well as other institutional investors to purchase approximately $9 million of BIOLASE's unregistered securities in a private...
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Baxter Receives Positive Opinion for IVIG Therapy in Europe for Treatment of Multifocal Motor Neuropathy
Friday, June 24, 2011 - 8:45am | 89Baxter International Inc. (NYSE: BAX) announced today that the Committee for Medicinal Products for Human Use of the European Medicines Agency has issued a positive opinion for extension of the therapeutic indications of KIOVIG to include a new indication for multifocal motor neuropathy, a severe,...
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Insulet Announces Pricing of Concurrent Public Offerings of Convertible Senior Notes and Common Stock Issued in Previously Announced Neighborhood Diabetes Acquisition
Friday, June 24, 2011 - 8:02am | 250Insulet Corporation (NASDAQ: PODD) today announced the pricing of a public offering of $125 million principal amount of convertible senior notes due 2016 (the "notes"), an increase from the $110 million principal amount previously announced. The notes will bear interest at an annual rate of 3.75%...
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Stocks to Watch for 6/24/11: Fresh 52 Week Highs and Lows
Friday, June 24, 2011 - 4:30am | 2005Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Bristol-Myers Squibb (NYSE: BMY): Shares of Bristol-Myers Squibb hit a 52-week...
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Medtronic Board Increases Cash Dividend by 8% to $0.2425; Increases Share Repurchase Plan by 75M Shares
Thursday, June 23, 2011 - 12:38pm | 133The board of directors of Medtronic, Inc. (NYSE: MDT) today approved an eight percent increase in its cash dividend for fiscal year 2012, raising the quarterly amount to 24.25 cents per share of the company's common stock for an annual amount of 97 cents per share. Medtronic's dividend has more...
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J.P. Morgan Maintains Overweight on St. Jude Medical
Thursday, June 23, 2011 - 8:57am | 134J.P. Morgan is out with its report today on St. Jude Medical (NYSE: STJ), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We view St. Jude as the best growth story in large-cap MedTech, with the potential to post a sustainable 7% top-line CAGR over the next 3-5 years driven by 1...
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Smith & Nephew Endoscopy Awarded $85 Million in Patent Infringement Case Against Arthrex, Inc.
Thursday, June 23, 2011 - 8:39am | 162Smith & Nephew, Inc., Endoscopy Division, a subsidiary of Smith & Nephew plc (NYSE: SNN) announced today that the jury in United States District Court in Oregon found in Smith & Nephew's favor that Arthrex, Inc., (Naples, Fla.) was guilty of infringing U.S. Patent 5,601,557, which is...