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Geron Corporation (GERN) Spikes on Upgrade

By  +Follow October 16, 2013 10:42AM
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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.


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Results for GERN
Brent
4 Mar 15 14:26:20
@AlpBugraBasat as of 1/30/15 (vs 10/15/14): 20/80 continue tx (23/80) 15/60 MF (17/60) 4/9 RARS/MDS (5/9) 1/9 AML (1/9) durable. $GERN
Alp Bugra Basat M.D.
4 Mar 15 14:06:52
Any news about $GERN imetelstat?
Breaking News
4 Mar 15 12:56:02
$GERN: Key Takeaways From Geron's Earnings Release (GERN): http://t.co/9jtN7xhTNX
SOAY
4 Mar 15 12:55:12
Key Takeaways From Geron's Earnings Release $GERN http://t.co/MXJelIJs83
Healthcare Stocks
4 Mar 15 12:49:46
Key Takeaways From Geron's Earnings Release http://t.co/WlllOiWBfD $GERN
Seeking Alpha
4 Mar 15 12:49:45
Key Takeaways From Geron's Earnings Release http://t.co/3tevV5SGo6 $GERN
Wall Street
4 Mar 15 11:30:31
http://t.co/J58EN2Hzp9 has the most reliable picks in the market. The move fast and never fail. $GERN $NEON $EXK $MBHC $TPLM $LYG
Mark Trader
4 Mar 15 11:23:57
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
BreakingStocksNews
4 Mar 15 11:21:04
$GERN: Geron Stock Price Down 5.1% Following Weak Earnings (GERN): http://t.co/HwOja1G47m
TalkMarkets
4 Mar 15 11:05:57
#Geron's Q4 Loss Narrows Y/Y, Announces Restructuring Plan $GERN $JNJ $MRK $BMY http://t.co/Tfe3tNn72k
PennyStocker
4 Mar 15 11:01:32
Wow the last pick from http://t.co/p3LC54H2W5 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Investors Hangout
4 Mar 15 10:47:32
lookn4wins: GERN -3.89% Stock Charts $GERN Geron Corp. http://t.co/V0A5xSdTwi
Investors Hangout
4 Mar 15 10:46:57
lookn4wins: GERN -3.89% Stock Charts $GERN Geron Corp. http://t.co/T9PY1oHAoC
lookn4wins
4 Mar 15 10:46:24
GERN -3.89% Stock Charts $GERN Geron Corp. (NASDAQ) Any opinions on GERN? Please reply to this post. Last Upda http://t.co/MbCDQXOofR
WKRB News
4 Mar 15 10:41:33
Geron Trading Down 5.1% Following Weak Earnings $GERN http://t.co/gtVham009G
leahanne
4 Mar 15 09:36:54
Volume Alert - GERN 2.80 Geron Corp $GERN Hit a high today of 2.92 Closing the day 10:29 at 2.80 -0.16 -5.41% http://t.co/nGmltjOKSX
leahanne
4 Mar 15 09:36:32
$GERN Volume Alert - GERN Stock 2.80 Geron Corp $GERN Hit a high today of 2.92 Closing the day 10:29 at 2.80 -0.16 - http://t.co/pdwNxgycRY
Drewski
4 Mar 15 09:33:59
Owned $GERN since below $2 & give a spinoff warrants that so far have amounted to little. A very long termer. Not touching probably a year.
iBioInvests
4 Mar 15 08:51:31
RT @SAlphaTrending: Geron Is Proof That Biotech Bargains Still Exist http://t.co/clbGHQYPpM $JNJ $GERN
Greg David
4 Mar 15 08:30:53
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $GERN $ATHX $CDE $GST $GNBT $FOFU
veee
4 Mar 15 07:21:40
$GERN I expect an upgrade today or tomorrow. Last 5 minutes accumulation. Get in now.
Market Newswire
4 Mar 15 07:02:05
Geron's Q4 Loss Narrows Y/Y, Announces Restructuring Plan - March 4, 2015 - http://t.co/AJHNEdWmGY $GERN #headlines #economics #news
ProTradersNews
4 Mar 15 07:02:02
$GERN: Gerons Q4 Loss Narrows Y/Y, Announces Restructuring Plan: http://t.co/w7cgu5ibGK
Louise Avery
4 Mar 15 06:46:52
$GERN # http://t.co/pvNPsrD91w
WhiteCoatMafia
4 Mar 15 06:42:43
As predicted, a morning $GERN short flush into waiting buyer hands (stock is so cheap). And back up we go.
Mark Trader
4 Mar 15 06:35:06
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
Roth IRA Trading
4 Mar 15 06:32:51
Morning $GERN flush, it'll come back up to the $3 option pin at the minimum. Will have to wait it out.
Trending Articles SA
4 Mar 15 06:30:04
Geron Is Proof That Biotech Bargains Still Exist http://t.co/clbGHQYPpM $JNJ $GERN
SOAY
4 Mar 15 06:20:29
Geron Is Proof That Biotech Bargains Still Exist $GERN http://t.co/Vr3TglQ3Y7
Healthcare Stocks
4 Mar 15 06:13:33
Geron net loss improves in Q4 and FY14 http://t.co/ukOitMH6bT #premarket $GERN
SA Breaking News
4 Mar 15 06:13:32
Geron net loss improves in Q4 and FY14 http://t.co/pZEZiNcdk1 #premarket $GERN
Healthcare Stocks
4 Mar 15 06:13:11
Geron Is Proof That Biotech Bargains Still Exist http://t.co/dubB5xqZPG $JNJ $GERN
Quantpost Healthcare
4 Mar 15 06:13:10
$JNJ News: "Geron Is Proof That Biotech Bargains Still Exist $JNJ $GERN …" http://t.co/0uCbLNoHhi Board view: https://t.co/IKC7p5FFNb
Long & Short Ideas
4 Mar 15 06:13:10
Geron Is Proof That Biotech Bargains Still Exist http://t.co/mYEpgcft9Y $JNJ $GERN
Seeking Alpha
4 Mar 15 06:13:10
Geron Is Proof That Biotech Bargains Still Exist http://t.co/Hg153ahw0H $JNJ $GERN
Stock Rocket
4 Mar 15 05:52:00
Thanks to the 5 pro traders at http://t.co/5jbX6lWXsj for an amazing week! My win rate was 80%. So sweet. $ARCP $HEMP $ERBB $GERN
Trader News Daily
4 Mar 15 05:46:19
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
Bio Stocks™
4 Mar 15 05:42:21
RT @crusadernz: BioPharmCatalyst updates: $AERI $ALDX $ALIOF $AMRN $AQXP $ATHX $BOTA $GERN $MDCO $MGNX $PCRX $THLD +more http://t.co/SN2Gh9…
Anthony DePaola
4 Mar 15 04:47:23
RT @crusadernz: BioPharmCatalyst updates: $AERI $ALDX $ALIOF $AMRN $AQXP $ATHX $BOTA $GERN $MDCO $MGNX $PCRX $THLD +more http://t.co/SN2Gh9…
BioPharmCatalyst
4 Mar 15 04:45:08
BioPharmCatalyst updates: $AERI $ALDX $ALIOF $AMRN $AQXP $ATHX $BOTA $GERN $MDCO $MGNX $PCRX $THLD +more http://t.co/SN2Gh9svRq
ProTradersNews
4 Mar 15 04:36:06
$GERN: Geron (GERN) Issues Quarterly Earnings Results, Misses Estimates ...: http://t.co/wax1QvJBw2
StockNewsWires
4 Mar 15 04:35:13
$GERN: Geron (GERN) Issues Quarterly Earnings Results, Misses Estimates ...: http://t.co/NUv8EyEqRy
Breaking News Now
4 Mar 15 04:35:09
$GERN: Geron (GERN) Issues Quarterly Earnings Results, Misses Estimates ...: http://t.co/zJge99gvxF
Sleek Money
4 Mar 15 04:34:14
Geron $GERN Issues Quarterly Earnings Results, Misses Estimates By $0.23 EPS http://t.co/Oj6xH6N9KU
Breaking News Now
4 Mar 15 04:33:12
$GERN: Geron (GERN) Issues Quarterly Earnings Results, Misses Estimates ...: http://t.co/RbndJtX7Yb
Roth IRA Trading
4 Mar 15 04:08:52
(corrected typo from yesterday after hours) In 1875 shares $GERN @ 2.90
Louise Avery
3 Mar 15 22:41:11
Geron's (GERN) CEO Dr. John Scarlett on Q4 2014 Results - Earnings Call Transcript http://t.co/QylMoO0b4a $GERN
Scott Kirkton
3 Mar 15 18:12:49
Added some $GERN down here at $4.31. Last time I added at $4.28 and sold at $5.48.
8-bitgenstein
3 Mar 15 17:34:31
RT @WhiteCoatMafia: Shorts will try to drop $GERN tomorrow morning, trying to incite some despair dumping despite an essentially no news co…
#HelpYouGetGAINS
3 Mar 15 17:16:25
Geron's (GERN) CEO Dr. John Scarlett on Q4 2014 Results - Earnings Call Transcript http://t.co/bKb2cT4n8e $GERN
				
				
By  +Follow October 16, 2013 10:42AM
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