Friday's Late Winners & Losers
After-hours trading was mixed and thin Friday, and among the winners was Ariad Pharmaceuticals (ARIA), which leapt 9.2% to $4.85 after filing a patent-infringement claim against biotech giants Amgen (AMGN) and Wyeth (WYE).
The action is a response to Amgen's own lawsuit against Ariad, which seeks to invalidate one of the latter's patents. At issue are "activities related to" two of Amgen's products, one of which is co-owned by Wyeth. Amgen recently added 25 cents to $59.28, and Wyeth was unchanged after finishing the regular session up 2.6% at $56.28.
USEC (USU) was climbing 4.5% to $20.65 after regulators granted it a 30-year license to build and operate a uranium-enrichment facility in Piketon, Ohio. The Maryland-based company plans to start related commercial operations in late 2009.
On the flip side, Florida-based Parlux Fragrances (PARL) sank after posting a continuing-operations loss on revenue of $43.4 million -- $6.3 million below estimates, per Thomson Financial. Shares of the fragrance- and beauty-products maker declined 7.3% to $5.35.Also hit hard was small-cap optical-components maker LightPath Technologies (LPTH), which preliminarily reported about an 8% sales slide year over year to $2.9 million in the third fiscal quarter. Shares lately sank 49 cents, or 8.2%, at $5.50.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV