NEW YORK, NY / ACCESSWIRE / January 20, 2016 / The Stock Expert is issuing a report on four stocks to watch. ZFGN, KONE, SYN and OPTT have been attracting the attention of major investors today. Continue reading to find out why. - To get more reports on current stocks subscribe to our newsletter at TheStockExpert.com.
Zafgen, Inc. (Nasdaq: ZFGN) Zafgen, Inc., a biopharmaceutical company that focuses on the development of therapeutics for patients suffering from obesity and obesity-related disorders is trading higher today off massive volume. Zafgen is currently trading 16 times its average volume and is up over 65% after announcing positive efficacy results from its bestPWS ZAF-311 study, a double-blind, placebo-controlled Phase 3 trial evaluating the the safety and efficacy of beloranib, a MetAP2 inhibitor, in patients with Prader-Willi syndrome (PWS) during a six-month randomized treatment period.
Kingtone Wirelessinfo Solution Holding Ltd. (Nasdaq: KONE) Kingtone Wirelessinfo Solution Holding Ltd develops and provides mobile enterprise solutions in the Peoples Republic of China. Kingtone is trading up over 50% on the day off extremely heavy volume after reporting its FY15 results. The company reported FY15 net income $1 mln (EPS: $0.73) vs. $1K last year with revenue up 43% to $8.8 mln. Shares of Kingtone are surging off the news and has been able to retain most of its early market momentum.
Synthetic Biologics Inc. (NYSE MARKET: SYN) Synthetics Biologics, Inc., a clinical-stage biotechnology company, develops pathogen-specific therapies for serious infections and diseases with a focus on protecting the microbiome. Shares of Synthetics Biologies traded higher today after reporting that its second Phase 2 clinical trial of its SYN-010 for the treatment of irritable bowel syndrome with constipation has met its primary endpoint. The stock opened up about 25% higher than yesterday and is trading over two and a half times its average volume this morning.
Ocean Power Technologies, Inc. (Nasdaq: OPTT) Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia. At about 11:00am EST, Ocean Power announced that its APB350 (A1) PowerBuoy(R) has achieved several significant milestones. Total cumulative deployment time has exceeded 125 days and energy generated has surpassed 1,000 kWh (1MWh). In addition, a new maximum generation record of 32 kWh of energy for a 24-hour period was achieved. Shares of the stock have responded positively to the news as the thinly traded company spiked up around 70% and is holding onto most of its gains on the day.
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