logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Geron Corporation (GERN) Spikes on Upgrade

By  +Follow October 16, 2013 10:42AM
Share:
Tickers Mentioned:

Shares in biopharmaceutical company Geron Corporation (GERN) spiked Monday, jumping more than 35 percent on heavy volume in early trading. The primary reason for Geron’s move appears to be that banking firm MLV & Co. initiated coverage of the stock at Buy with a price target of $6.50, however the stock also appears to be benefiting from broad market optimism over what appears to be a debt deal in congress.

Analyst Recommendations Positive in Recent Months

News of Geron’s new buy rating from MLV & Co. comes on the heels of an upgrade from Thomas Reuters/Versus on Monday from Hold to Buy, and an upgrade from Piper Jaffray (PJC) from Neutral to Overweight on August 9 that set a price target of $4, a level it passed today.

Shares of Geron have been bouncing back since the company completed its divestment from a stem cell trial on October 1. The reason cited for end the trial, which halted in November of 2011, was a lack of available capital, despite widespread controversy over the stem cell issue. Geron helped fund the initial research that resulted in the initial extraction of embryonic stem cells at the University of Wisconsin in the late 1990s, giving them fundamental patent rights in the field. However, after a long battle with the FDA to get research approved in 2010, the company failed to find adequate backing for the research. The deal that closed at the start of the month with BioTime, Inc. (BTX) and Asterias Biotherapeutics (a BioTime subsidiary) completed Geron’s divestment from the research and includes 6.5 million shares of common stock from Asterias and royalties on the sale of any commercialized products for Geron.

Since reaching a 52-week low in mid-April, the stock’s shot up, with the value of shares more than quadrupling over that period.

New Call Options Show Positive Outlook for Traders

Analysts aren’t the only one buying this surge from Geron. Options traders were buying up call options on Geron, with over 20,000 sold on Wednesday. Given that typical volume on such options for Geron is about 2,400, that represents a jump in volume of over 750 percent.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for GERN
Stock Rocket
23 Nov 14 08:26:08
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
Joshua Payne
23 Nov 14 06:36:29
RT @nikitatradelove: @PipsToDollars LOL I can see people trading $GERN on their phones and to get away ✈ from the in-laws. Perfect time to …
Nikita Tradelove
23 Nov 14 06:34:54
@PipsToDollars LOL I can see people trading $GERN on their phones and to get away ✈ from the in-laws. Perfect time to sneak away.
Dave
23 Nov 14 04:55:10
I didnt know the pro members get the opening bell alerts from http://t.co/qY5MPlJPrU 1 day early. $ARIA $HK $GERN $NIHDQ $AU $SIMH
Emil
23 Nov 14 04:17:21
$GALE $GERN weak open r/g $GPRO no bias depends how will open reactive trades only
microcaptrader
23 Nov 14 03:22:27
Check out our weekly & daily setup from the last week $VGGL $CLDX $CANF $SUNE $GERN $NETE $SPY http://t.co/K3dQ7X0FAc #joinchat
Joshua Payne
23 Nov 14 02:44:32
RT @PipsToDollars: lols $GERN reporting earnings on THANKSGIVING...
Leilani Pips
23 Nov 14 02:02:25
lols $GERN reporting earnings on THANKSGIVING...
couch trader
23 Nov 14 01:45:55
@TradeWithGavin For your rainbow chart, IMO $AEMD $EDAP $CYNAF $OXYS $QTM $GERN $CANF $ECRY $SAMP $UAPC $SOMD $VSTR $DEWM should be enough
B Strongstocks
23 Nov 14 01:45:32
RT @paynejosh247: @TradeWithGavin For your rainbow chart, IMO $AEMD $EDAP $CYNAF $OXYS $QTM $GERN $CANF $ECRY $SAMP $UAPC $SOMD $VSTR $DEWM…
Joshua Payne
23 Nov 14 01:00:25
@TradeWithGavin For your rainbow chart, IMO $AEMD $EDAP $CYNAF $OXYS $QTM $GERN $CANF $ECRY $SAMP $UAPC $SOMD $VSTR $DEWM should be enough.
Stock Rocket
23 Nov 14 00:58:24
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
Dave
22 Nov 14 23:51:51
I didnt know the pro members get the opening bell alerts from http://t.co/qY5MPlJPrU 1 day early. $ARIA $HK $GERN $NIHDQ $AU $SIMH
Trader News Daily
22 Nov 14 23:30:17
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
Greg David
22 Nov 14 23:25:09
I want to give http://t.co/m2LNLuLe8I a shout out. Banked 125% last week thanks to them. You guys rock! $PAAS $GERN $PWE $PGH
Investors Hangout
22 Nov 14 22:40:35
lookn4wins: GERN 3.70 Stock Charts $GERN Geron Corp. (NASDAQ) http://t.co/60TUPRemsb
Investors Hangout
22 Nov 14 22:40:35
lookn4wins: GERN 3.70 Stock Charts $GERN Geron Corp. (NASDAQ) http://t.co/PXIhtXfRKV
lookn4wins
22 Nov 14 22:33:41
GERN 3.70 Stock Charts $GERN Geron Corp. (NASDAQ) Any opinions on GERN? Please reply to this post. Last Update http://t.co/s0d6ax1vPW
Stock Rocket
22 Nov 14 21:15:21
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
Tim Grittani
22 Nov 14 21:06:32
http://t.co/6hW7lD5VqF Verified $4,295.61 loss in $GERN Week of 11/17
Trader News Daily
22 Nov 14 20:33:31
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
Stock Rocket
22 Nov 14 17:33:30
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
Trader News Daily
22 Nov 14 17:07:34
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
Mark Trader
22 Nov 14 16:58:10
Thank you http://t.co/FOdvsRfk32! Your 5 pro traders are amazing. I would recommend the 14-day trial to anyone. $PAAS $GERN $PWE $PGH
Will.i.am
22 Nov 14 16:54:27
@mmrosati_92 @SierraEquity ok interesting.. thank you. i'm so ready to let go of $gern just thinking should gap monday with thanksgvng boost
Steve
22 Nov 14 16:49:25
RT @willtopol: anyone follow @sierraequity ? only ask since they put out a 4.40 target on my $GERN r they worth following? http://t.co/zmg…
Will.i.am
22 Nov 14 16:47:33
anyone follow @sierraequity ? only ask since they put out a 4.40 target on my $GERN r they worth following? http://t.co/zmgO1Wppr2
Dean
22 Nov 14 14:58:39
My monday $NETE $CANF $ECRY $GERN
Dave
22 Nov 14 14:38:00
I didnt know the pro members get the opening bell alerts from http://t.co/qY5MPlJPrU 1 day early. $ARIA $HK $GERN $NIHDQ $AU $SIMH
kenr0966
22 Nov 14 13:58:03
RT @SierraEquity: $GERN Geron Corporation (GERN) Latest Rating: UPGRADE BUY~ 5 Day Price Target: $4.40 Issued By Sierra World Equity http:…
Edel Gonzalez
22 Nov 14 12:26:22
$gluu oh oh someone bought over 200k shares in after market you know what that means :) and $GERN working with $jnj :)
Edel Gonzalez
22 Nov 14 12:25:52
$gluu oh oh someone bought over 200k shares in after market you know what that means :) and $GERN working with johnson and johnson :)
Greg David
22 Nov 14 12:05:40
I want to give http://t.co/m2LNLuLe8I a shout out. Banked 125% last week thanks to them. You guys rock! $PAAS $GERN $PWE $PGH
Mark Trader
22 Nov 14 11:31:22
Thank you http://t.co/FOdvsRfk32! Your 5 pro traders are amazing. I would recommend the 14-day trial to anyone. $PAAS $GERN $PWE $PGH
microcaptrader
22 Nov 14 10:57:22
Check out our weekly & daily setup from the last week $VGGL $CLDX $CANF $SUNE $GERN $NETE $SPY http://t.co/K3dQ7X0FAc #joinchat
Stock Rocket
22 Nov 14 10:55:43
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
Steve
22 Nov 14 08:54:56
RT @StockBoardAsset: This PF 1box Reversal is how i made $$ on $GERN from 3x top breakout @ 3.25. #capitalize #wealth http://t.co/0QdgnleXEa
Mr. Breakout
22 Nov 14 08:32:26
RThx > @cwhaick re: Today's MoMo (Momentum) ►►► http://t.co/MABlSVoKsg including $EIGI $PERY $GERN etc...
StockBoardAsset
22 Nov 14 08:07:11
This PF 1box Reversal is how i made $$ on $GERN from 3x top breakout @ 3.25. #capitalize #wealth http://t.co/0QdgnleXEa
Media Sentiment
22 Nov 14 07:49:49
$GERN received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 12
DailyStockPicks
22 Nov 14 07:44:42
Every #biotech investor needs to look at Cynapsus Therapeutics $CYNAF $CTH.V this weekend. $2.75 target http://t.co/5Vy1M3qBcv $GERN $GILD
Investing Insight
22 Nov 14 07:44:29
BreakoutStocks: Top Performing Breakout Stocks of the Week http://t.co/7U0U0P5D8j $TIGR $CANF $GERN
Top Breakout Stocks
22 Nov 14 07:40:19
Top Performing Breakout Stocks of the Week http://t.co/1sJuVtD0jd $TIGR $CANF $GERN
Mark Trader
22 Nov 14 07:28:33
Thank you http://t.co/FOdvsRfk32! Your 5 pro traders are amazing. I would recommend the 14-day trial to anyone. $PAAS $GERN $PWE $PGH
Christopher W. Haick
22 Nov 14 03:43:42
RT @sharptraders: Today's MoMo (Momentum) ►►► http://t.co/fzBYOLm5Bs including $EIGI $PERY $GERN etc...
12Stocks.com
22 Nov 14 03:04:12
Weekly SmallCap #Stocks Trend $GERN $NETE $NGVC $SSI $RNDY $XOMA $MGNX $NLNK $KIRK $AGIO $RCPT $LL more@ http://t.co/GiravokQod
12Stocks.com
22 Nov 14 03:03:52
Weekly Smallcap #Stocks Performance $BBGI $CIX $GRIF $CFNB $DCT $BODY $FWM $CLDX $WTSL $SUNE $GERN more@ http://t.co/GiravokQod
bigdayjay
21 Nov 14 21:06:18
Still long $GERN $EDAP Nightly market routine has been good. Looking at set ups and researching the next moves. Watch list coming soon.
Stock Rocket
21 Nov 14 19:39:53
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
DrItZz
21 Nov 14 18:51:53
What a s/s opportunity on $CLDX..locked big t. Will be looking 4 more Monday $TASR $HABT $NUAN $GERN http://t.co/d26AFeIDGX
				
				
By  +Follow October 16, 2013 10:42AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.