Questcor Pharmaceuticals (NASDAQ: QCOR) after Mizuho starts the stock off with a Neutral rating and $28 price target. There's also word Aetna is fixing to slash more coverage of Questcor's Acthar. Shares of the company are up 6%.
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NTELOS Holdings Corp.(NASDAQ: NTLS) has crashed after FBR says it believes Sprint (S) will end its wholesale deal, with an announcement set for FY13 (ends in March). FBR, which is downgrading shares to Underperform and lowering its PT to $5 from $15, notes the Sprint deal accounted for 32.4% of NTELOS' 2011 wireless revenue, and 57.4% of its adjusted EBITDA.
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Advanced Micro Devices (NYSE: AMD) is planning to launch a solid-state drive (SSD) line based on its Radeon GPU brand, SemiAccurate reports. While AMD would have the brand power and OEM/channel relationships needed to make a dent, it would also be entering a very competitive market featuring many players (SanDisk, Samsung, Micron, Intel, Toshiba) who can source NAND flash memory at cost. But this might be a good time for the struggling chipmaker to try expanding into a growth market. Shares of the company are up 6%.
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Active Network Inc(NYSE: ACTV) on a two-notch upgrade to Buy from BofA/Merrill. Shares of the the event-management site were crushed in October after it issued poor Q4 and 2013 guidance, and were down 61% YTD going into today. 8.5% of Active's float was shorted as of Nov. 15.
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Theravance Inc(NASDAQ: THRX) moves up this morning after the stock was halted in after hours trading yesterday on news that the Anti-Infective Drugs Advisory Committee of the FDA has given a favorable response for its antibiotic Vibativ, a for the treatment of nosocomial pneumonia.
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