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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for GERN
Investors Hangout
30 Jun 15 00:45:04
SMH Market Vectors Semiconductor Last Price http://t.co/CTEdF8cI1r $SMH $QRVO $GERN $HALO #SMH #stocks #share
clayton
30 Jun 15 00:38:36
GERN Geron Corp. Day High http://t.co/DTC1nCAGU8 $GERN $XLY $GERN $BIDU #GERN #stock #finance
Jake13
30 Jun 15 00:36:11
DIA SPDR DJ Industrial Average ETF Trust Stock Message Board http://t.co/lXy17PgXwu $DIA $T $DNRG $GERN #DIA #stockmarket #tradeideas
IH NASDAQ OMX
30 Jun 15 00:33:05
APH Amphenol Corp. EOD Data http://t.co/oVzpnXUGMV $APH $GERN $TVIX $QLD #APH #pennystocks #stock
Stock Forums
30 Jun 15 00:32:06
ADPT Adeptus Health, Inc. % Change http://t.co/B5jcARh1Vn $ADPT $IFCR $GE $GERN #ADPT #pennystocks #share
WatchTheFunds
29 Jun 15 23:12:02
$GERN Institutional ownership up 20.67% Q/Q, with 21,671,700 net purchase http://t.co/lS7ClABW6j http://t.co/LubOBz8Yd6
Pepe Plata
29 Jun 15 21:14:00
$APPF AppFolio INC http://t.co/xynX7aQiCX $CVX $NRTI $USO $DIA #CVX #stockmarket $MASH $GCI $GERN $ALGN #MASH #tradeideas $ZMH $CPK $XLF
Stockmarketsvane
29 Jun 15 17:56:09
Swing Buy Picks: $GERN, $HBC.CA, $LOCK, $LULU, $MNTA, $NTRS, $SBUX, $SGYP, $SPF, $SRPT, $STNG, $TGT, $TWX, $UA http://t.co/uowa34uMwl
Sentiquant
29 Jun 15 15:00:01
#sentishiftup $TIP $KITE $REGN $GERN $CBI $XIV $HALO $BSX $CMG $GTXI #sentiquant 20150629 18:00:05:869
dailystockplays.com
29 Jun 15 14:45:21
1234 Bullish http://t.co/RUhNKCyora $SYY $XOMA $FULT $CSG $GERN $PGNX $NFLX $JPM $BAC $PRU $SGMS $CAG $NVAX $WFC $PANW $BMRN $HMHC $RF
Sentiquant
29 Jun 15 13:00:02
#sentishiftup $TIP $CBI $GERN $NWBO $XIV $CMG $HALO $GTXI $KMI $RIG #sentiquant 20150629 16:00:06:373
Ꮰuan R. Aracena
29 Jun 15 12:51:32
X SPDR S&P Biotech Index ETF 52Wk High http://t.co/2YXgDJUnYr $X $SH $GERN $VRTX #X #nasdaq #investing http://t.co/C627q3wXE7
Investors Hangout
29 Jun 15 12:50:18
X SPDR S&P Biotech Index ETF 52Wk High http://t.co/t3Prq7qn3D $X $SH $GERN $VRTX #X #nasdaq #investing
HotStockMarket
29 Jun 15 12:50:17
Biggest $volume movers below $5 into the bell $UGAZ $BTU $CLF $GGB $EGO $GERN
PolgarStocks
29 Jun 15 12:50:17
XLF Industrials Select Sector SPDR Filings http://t.co/Myv6CsFYB1 $XLF $PZOO $GERN $XIV #XLF #pennystocks #stock
jaylylafe
29 Jun 15 12:48:23
RT @1LuckyJimmy: TVIX Twitter, Inc. Filings http://t.co/g2UyZYRtIC $TVIX $NUGT $GERN $SOXL #TVIX #stocks #investing
Lucky Jimmy
29 Jun 15 12:47:28
TVIX Twitter, Inc. Filings http://t.co/g2UyZYRtIC $TVIX $NUGT $GERN $SOXL #TVIX #stocks #investing
jim50
29 Jun 15 12:47:22
TPAC ProShares UltraPro QQQ Prev Close http://t.co/5ogX230AEd $TPAC $DIS $GERN $EEM #TPAC #tradeideas #investing
Investors Hangout
29 Jun 15 12:46:05
TNA Trans-Pacific Aerospace Co. Inc. Volume http://t.co/ZUtvVvSd65 $TNA $UWTI $GERN $F #TNA #stocks #pennystocks
Stock Forums
29 Jun 15 12:46:04
TPAC ProShares UltraPro QQQ Tick http://t.co/xMaGpA8aYS $TPAC $MU $GERN $AA #TPAC #share #tradeideas
Stock_Tracker
29 Jun 15 12:44:24
SH iShares Silver Trust Financials http://t.co/UPIKDJNdIb $SH $BBRY $GERN $GS #SH #invest #finance
Emylers
29 Jun 15 12:44:14
SH iShares Silver Trust Financials http://t.co/fwfxOlccph $SH $SPXL $GERN $BBRY #SH #share #nasdaq
Breaking News Now
29 Jun 15 12:44:03
$GERN: Can Geron Corporation (NASDAQ:GERN) Surprise Analysts this ...: http://t.co/okLTcJbKZl
Rosner Stocks
29 Jun 15 12:42:42
PBMD Petroleo Brasileiro (Petrobras) Message Board Posts http://t.co/2fjrLe5kZO $PBMD $X $GERN $ASHR #PBMD #stockmarket #nasdaq
Lucky Jimmy
29 Jun 15 12:39:36
HZNP Biotech iShares Prev Close http://t.co/QHNDx5w9ZD $HZNP $SBUX $LNKD $GERN #HZNP #share #invest
leahanne
29 Jun 15 12:37:11
GERN Goldcorp, Inc. % Change http://t.co/H73q1ZVJ0c $GERN $TVIX $NKE $WWE #GERN #stocks #pennystocks
Investors Hangout
29 Jun 15 12:37:08
GERN Goldcorp, Inc. Quotes http://t.co/VOP12lO6SQ $GERN $WFM $XLK $XLP #GERN #stock #finance
IH News Desk
29 Jun 15 12:37:08
GERN Goldcorp, Inc. Bid http://t.co/ca9MzBrvld $GERN $AA $PBR $CVX #GERN #stocks #stockmarket
Wall Street
29 Jun 15 12:36:44
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $NOK $GERN $SALT $MHR $AKS $TRQ
IH NASDAQ OMX
29 Jun 15 12:36:34
GERN Goldcorp, Inc. Shares http://t.co/UnDE72Rn2W $GERN $HGD.TO $XOM $DXJ #GERN #stocks #pennystocks
Investors Hangout
29 Jun 15 12:35:18
DXJ Electronic Arts, Inc. EOD Data http://t.co/5zKZrXkCSr $DXJ $GERN $SPXU $UWTI #DXJ #finance #nasdaq
Syed Waqas Nabi
29 Jun 15 12:00:43
A bullish Big MAC (Bullish) has occurred at 2:00 PM Jun 29 at $4.19 on Geron Corp (GERN) $GERN
Sentiquant
29 Jun 15 12:00:01
#sentishiftup $TIP $GERN $XIV $CMG $CBI $RIG $GTXI $KMI $HALO $V #sentiquant 20150629 15:00:05:700
Wall Street
29 Jun 15 11:53:35
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $NOK $GERN $SALT $MHR $AKS $TRQ
binaryoptionsocial
29 Jun 15 11:42:34
GERN Gilead Sciences, Inc. 52Wk High http://t.co/N9swuaRznR $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:34
GERN Gilead Sciences, Inc. 52Wk High http://t.co/WbNRSZtZRQ $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:33
GERN Gilead Sciences, Inc. 52Wk High http://t.co/pRfkMKR8RY $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:33
GERN Gilead Sciences, Inc. 52Wk High http://t.co/s90IF9qgil $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:31
GERN Gilead Sciences, Inc. 52Wk High http://t.co/XcO0ympD6x $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:29
GERN Gilead Sciences, Inc. 52Wk High http://t.co/jzfpziFJUm $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:28
GERN Gilead Sciences, Inc. 52Wk High http://t.co/QIkZyzRBqz $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:28
GERN Gilead Sciences, Inc. 52Wk High http://t.co/7toP0x5mNF $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:27
GERN Gilead Sciences, Inc. 52Wk High http://t.co/FSWzk9RRpC $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:27
GERN Gilead Sciences, Inc. 52Wk High http://t.co/Xkga5sWt0X $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:27
GERN Gilead Sciences, Inc. 52Wk High http://t.co/NUSbNAgyMq $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:26
GERN Gilead Sciences, Inc. 52Wk High http://t.co/qgYnPyyjY3 $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:26
GERN Gilead Sciences, Inc. 52Wk High http://t.co/NJHfI3zkZI $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:26
GERN Gilead Sciences, Inc. 52Wk High http://t.co/ZCixdja72R $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:25
GERN Gilead Sciences, Inc. 52Wk High http://t.co/mXUKhosODU $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
binaryoptionsocial
29 Jun 15 11:42:25
GERN Gilead Sciences, Inc. 52Wk High http://t.co/rWE8IPNtd0 $GERN $FB $WFM $FEYE #GERN #pennystocks #financeGIL… http://t.co/Csk7miIhta
				
				
By  +Follow October 16, 2013 10:42AM
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