NASDAQ Smallcaps Rise On Steady Support plus One Decliner (VRNM, ARNA, SIGA, DARA, KITD, AONE)
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Verenium Corporation(NASDAQ: VRNM) Verenium Corp announced that it has closed a transaction with DSM Food Specialties B.V., Verenium has sold to DSM its Oilseed Processing business, licensed certain enzymes for use in the food and beverage markets, and will provide access to new gene libraries to be developed by Verenium. The stock moved $.72 (23.38%) pushing the share value up to $3.80 with about 1million shares exchanging hands.
Arena Pharmaceuticals, Inc.(NASDAQ: ARNA) Arena Pharmaceuticals is showing huge support as the company announced that it will be discussing its weight-loss drug in a conference on May 10th, 2012. The stock has increased $.57 (23.65%) bringing the intraday trade price up to $2.98 with about 27million shares that have exchanged hands.
SIGA Technologies, Inc.(NASDAQ: SIGA) SIGA Technologies is showing a volume boost as its share value rises simultaneously without substantial news. The stock has increased $.50 (18.52%) bringing the intraday trade price up to $3.20 with about 599,000 shares that have exchanged hands.
DARA Biosciences Inc(NASDAQ: DARA) Dara Biosciences announced today that it entered into an exclusive agreement with Innocutis Holdings, LLC for U.S. commercial rights to Bionect(R). Given the news, the stock rose a slight $.08 (5.56%) bringing the intraday trade price up to $1.52 with close to 232,000 shares exchanging hands.
KIT digital, Inc.(NASDAQ: KITD) KIT Digital is showing recovery efforts today due to its huge sell off that occurred on Friday. The stock has rebounded $.34 (5.37%) pushing the share value up to $6.68 with about 1.6million shares that have exchanged hands.
A123 Systems, Inc.(NASDAQ: AONE) A123 Systems is showing a decline today due to its defective batteries that were sold to Fisker Automotive. The stock has dropped $.20 (11.76%) bringing the intraday trade price down to $1.50 with about 5million shares that have exchanged hands.
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