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Masapequa Park, NY -- (SBWIRE) -- 02/14/2013 -- StockRunway.com issues special report on the Volume Active Stocks – Peregrine Pharmaceuticals (NASDAQ:PPHM), Best Buy Co., Inc. (NYSE:BBY), Rackspace Hosting, Inc. (NYSE:RAX), Hospira Inc. (NYSE:HSP).
Peregrine Pharmaceuticals (NASDAQ:PPHM) reported that its lead drug candidate bavituximab displayed only a modest existence benefit during a mid-stage trial with pancreatic cancer patients. Though, a data study of patient subgroups found some very exciting and possibly hopeful trends, providing optimism that bavituximab could still help some patients.
Should PPHM a Buy or Sell Now? Find Out Here
In the last trading session, Peregrine Pharmaceuticals (NASDAQ:PPHM) fell -19.91% and closed at $1.69 with the overall traded volume of 31.02 million shares.
Best Buy Co., Inc. (NYSE:BBY) shares moved down more than two percent in after-hours trading Wednesday on a report that the electronics retailer may be considering other options further going private. Company founder Richard Schulze, who is Best Buy&aposs major shareholder and is leading the takeover effort, may as an alternative have a proposal to line up investors to buy a marginal stake in the company.
What BBY’s Charts Are Signaling for Traders? Find Out Here
In the last trading session, Best Buy Co., Inc. (NYSE:BBY) declined -2.01% to close at $15.21 and its total traded volume was 17.34 million shares more than the average volume of 8.82 million. BBY has market cap of 5.11 billion.
Rackspace Hosting, Inc. (NYSE:RAX) reported quarterly results and its revenue surged 5.00% but missed analysts estimates sending its shares to decline on concern that growth is sluggish. Rackspace reported an upsurge in net income to $30 million, or 21 cents per share, in the fourth quarter from $25 million, or 18 cents per share, a year prior.
In the last trading session, Rackspace Hosting, Inc. (NYSE:RAX) dropped -19.58% and closed at $60.30 with the total traded volume of 15.87 million shares more than the average volume of 1.20 million.
How Should Investors Trade RAX Now? Don’t Miss out a Special Trend Analysis
Hospira, Inc. (NYSE:HSP) plunged -6.58% with the closing price of $32.65. The overall volume in the last trading session was 12.31 million shares. Its fifty two week range was $28.62-$38.49. The total market capitalization remained $5.39 billion.
Is HSP a Solid Investment at These Levels? Read This Report For Details
HSP is ahead its 52 week low with 14.08% and its last month price volatility remained 4.93%. Its beta coefficient was 0.84 with a target price of $32.39. In its share capital HSP has 165.22 million outstanding shares while 164.62 million shares have been floated in market. HSP has insider ownership of 0.04% with its institutional ownership remained 88.86%.
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