TSC Staff
Vanda Pharmaceuticals (VNDA Quote - Cramer on VNDA - Stock Picks) shares traded higher, a day after its earnings. Caris began coverage of the company with a buy rating and a $22 price target, expecting a positive FDA decision for schizophrenia treatment Fanapta in July. Shares were up 50 cents, or 13.8%, to $4.12.
Many private lenders had stopped making loans as the credit markets tightened, leaving students and parents with fewer options to finance higher-education costs. The legislation increases limits on how much borrowers can receive in federally subsidized student loans. Lenders like Sallie Mae (SLM Quote - Cramer on SLM - Stock Picks) were jumping 7.1% to $21.39 and First Marblehead(FMD Quote - Cramer on FMD - Stock Picks) was climbing 6.3% to $4.04. Student Loan(STU Quote - Cramer on STU - Stock Picks) was rising slightly to 2.9% to $136.50. Blast-protected vehicle maker Force Protection (FRPT Quote - Cramer on FRPT - Stock Picks) announced a $94 million contract to supply the U.K. military with its Cougar vehicles. Shares of the Lasdon, S.C.-based company jumped 11% to $3.32. Shares of Town Sports (CLUB Quote - Cramer on CLUB - Stock Picks), a fitness club owner based in New York, ripped 30% higher to $9.70. The company announced first-quarter income of $4.8 million, or 18 cents a share, vs. a loss of $3.8 million, or 15 cents a share, a year ago. Analysts polled by Thomson Financial were expecting 15 cents a share. Town Sports also announced plans to buy back up to $25 million in its stock.
Featured Photo Galleries
Sign up for our FREE newsletters now.
See All
Sponsored by:
Get Cramer's portfolio stock picks at Action Alerts PLUS — 
RSS
