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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.

Results for GERN
O T P i c k s . com
23 Apr 14 00:04:42
http://t.co/awZxDQ0zpX beachlover: $GERN 2.50 area will be the: beachlover http://t.co/kwFWYCs1Oq http://t.co/awZxDQ0zpX
O T P i c k s . com
23 Apr 14 00:04:41
http://t.co/awZxDQ0zpX AnG5640: $GERN ready for another push here?: AnG5640 http://t.co/zndVLXhrAU http://t.co/awZxDQ0zpX
OTPicks.com
23 Apr 14 00:04:39
http://t.co/QkCFZ8q0T8 beachlover: $GERN 2.50 area will be the: beachlover http://t.co/1ZIcU3W3vH http://t.co/QkCFZ8q0T8
OTPicks.com
23 Apr 14 00:04:39
http://t.co/QkCFZ8q0T8 AnG5640: $GERN ready for another push here?: AnG5640 http://t.co/6YHVVqdTJv http://t.co/QkCFZ8q0T8
OTPicks.com
23 Apr 14 00:04:37
http://t.co/QzFp1WC0ss beachlover: $GERN 2.50 area will be the: beachlover http://t.co/gQpdppGHfH http://t.co/QzFp1WC0ss
OTPicks.com
23 Apr 14 00:04:36
http://t.co/QzFp1WC0ss AnG5640: $GERN ready for another push here?: AnG5640 http://t.co/41MT8lZj5D http://t.co/QzFp1WC0ss
Stock Signaling
22 Apr 14 21:01:18
Movers and Shakers: Making Range Advances: $CONN $RMBS $GERN $PLD $CDNS $RCII $FMER $UTX $HLX $MXWL $SRPT $SNV $ZION $GWPH $EXEL #stock
Arnulfo Adamson
22 Apr 14 20:18:00
$GERN SHAREHOLDER ALERT: Pomerant http://t.co/ihoVUyteI5
michael hall
22 Apr 14 19:47:16
$iin $onty $gern
work1411
22 Apr 14 19:15:16
WL 4/23: $AMD $GEVO $PTN $SPEX $STXS $HTS $NLY $ASTI $SQNM $MCP $IDRA $GERN $FORM $UNIS $PRAN
JohnnyB penny trades
22 Apr 14 19:05:49
$GWPH $GERN $EAPH $LQMT $TTDZ $AMBS <WATCHLIST $GSAT $LSG <LONG WATCHLIST $DRMC $AXAS <SHORT WATCHLIST
JohnnyB penny trades
22 Apr 14 19:05:01
$GWPH $GERN $EAPH $LQMT $TTDZ $AMBS WATCHLIST $GSAT $LSG LONG WATCHLIST $DRMC $AXAS SHORT WATCHLIST/.//./
JohnnyB penny trades
22 Apr 14 19:04:55
$GWPH $GERN $EAPH $LQMT $TTDZ $AMBS WATCHLIST $GSAT $LSG LONG WATCHLIST $DRMC $AXAS SHORT WATCHLIST
420 Investments
22 Apr 14 18:53:42
RT @Johnbenitezjr: $GWPH $GERN $EAPH $LQMT $TTDZ $AMBS WATCHLIST $GSAT $LSG LONG WATCHLIST $DRMC $AXAS /.//./
JohnnyB penny trades
22 Apr 14 18:53:22
$GWPH $GERN $EAPH $LQMT $TTDZ $AMBS WATCHLIST $GSAT $LSG LONG WATCHLIST $DRMC $AXAS (.)(.)
JohnnyB penny trades
22 Apr 14 18:53:07
$GWPH $GERN $EAPH $LQMT $TTDZ $AMBS WATCHLIST $GSAT $LSG LONG WATCHLIST $DRMC $AXAS ..
JohnnyB penny trades
22 Apr 14 18:53:01
$GWPH $GERN $EAPH $LQMT $TTDZ $AMBS WATCHLIST $GSAT $LSG LONG WATCHLIST $DRMC $AXAS
Destiny
22 Apr 14 17:39:06
$PTN $RVNC $AGIO $GERN $PRMW $CYTK $RUBI $IG $TWOU $OINK $UPIP $HZNP $BIOF $FXEN $HIVE $LTXC $RDNT $GNCA $VTNR $PEIX $PTIE $MPET $CECO $MXWL
rudyriosjr
22 Apr 14 16:32:26
$450 on $GERN $SUNE all day meeting kept me from playing these better. But profit is better than loss.
GDMark
22 Apr 14 16:31:35
I signed: LIFT the FDA HOLD on Cancer Drug Geron $GERN Imetelstat http://t.co/GLFgLzFfkH
GDMark
22 Apr 14 16:08:20
RT @ivolatility: I signed: LIFT the FDA HOLD on Cancer Drug Geron $GERN Imetelstat http://t.co/FAromCCZTZ
12Stocks.com
22 Apr 14 16:00:55
SmallCap #Stocks Trend $APP $AGIO $GERN $SRPT $AMBC $CORT $CTIC $NKTR $RCII $CYTK $IMMU $CIR $BDSI more@ http://t.co/jIGfl7ofoU
12Stocks.com
22 Apr 14 16:00:54
Smallcap #Stocks Performance $LLEN $APP $ICPT $AGIO $GERN $SRPT $XNPT $GALE $AMBC $CORT $SUNE $OMED more@ http://t.co/jIGfl7ofoU
Boaz Boulstridge
22 Apr 14 15:52:00
$GERN SHAREHOLDER ALERT: Pome http://t.co/lQavySRHsi
RTShark
22 Apr 14 15:22:07
$GERN not sure what woke this up, but on watch for Wednesday - http://t.co/aZUdnMuol4 #stockcharts
JJ
22 Apr 14 14:55:46
RT @BiotechMoney18: $$$ 4/23 BIOTECH watchlist: $NVAX $ANTH $UNIS $CUR $IDRA $IG $CYTK $ARAY $GILD $TRGT $GERN $ZIOP $ATHX $NKTR $$$
alan caldwell
22 Apr 14 14:33:37
RT @BiotechMoney18: $$$ 4/23 BIOTECH watchlist: $NVAX $ANTH $UNIS $CUR $IDRA $IG $CYTK $ARAY $GILD $TRGT $GERN $ZIOP $ATHX $NKTR $$$
Scott
22 Apr 14 14:30:07
RT @BiotechMoney18: $$$ 4/23 BIOTECH watchlist: $NVAX $ANTH $UNIS $CUR $IDRA $IG $CYTK $ARAY $GILD $TRGT $GERN $ZIOP $ATHX $NKTR $$$
Steph Seguin
22 Apr 14 14:28:19
RT @MaisaCorp: $MAISA Index Fund - double digit gainers today: $CORT $CTIC $ELTP $GALE $GERN $ICPT $IDRA $IMMU $IMNP $ONTY $SRPT $THLD $XNPT
Steph Seguin
22 Apr 14 14:28:14
RT @BiotechMoney18: $$$ 4/23 BIOTECH watchlist: $NVAX $ANTH $UNIS $CUR $IDRA $IG $CYTK $ARAY $GILD $TRGT $GERN $ZIOP $ATHX $NKTR $$$
BigGains26
22 Apr 14 14:25:41
RT @BiotechMoney18: $$$ 4/23 BIOTECH watchlist: $NVAX $ANTH $UNIS $CUR $IDRA $IG $CYTK $ARAY $GILD $TRGT $GERN $ZIOP $ATHX $NKTR $$$
Justin Burkhardt
22 Apr 14 14:25:12
RT @BiotechMoney18: $$$ 4/23 BIOTECH watchlist: $NVAX $ANTH $UNIS $CUR $IDRA $IG $CYTK $ARAY $GILD $TRGT $GERN $ZIOP $ATHX $NKTR $$$
Martin
22 Apr 14 14:24:09
RT @BiotechMoney18: $$$ 4/23 BIOTECH watchlist: $NVAX $ANTH $UNIS $CUR $IDRA $IG $CYTK $ARAY $GILD $TRGT $GERN $ZIOP $ATHX $NKTR $$$
$$$ Money $$$
22 Apr 14 14:21:01
$$$ 4/23 BIOTECH watchlist: $NVAX $ANTH $UNIS $CUR $IDRA $IG $CYTK $ARAY $GILD $TRGT $GERN $ZIOP $ATHX $NKTR $$$
MAISA
22 Apr 14 13:58:13
$MAISA Index Fund - double digit gainers today: $CORT $CTIC $ELTP $GALE $GERN $ICPT $IDRA $IMMU $IMNP $ONTY $SRPT $THLD $XNPT
12Stocks.com
22 Apr 14 12:58:30
Smallcap #Stocks Performance $XNPT $ICPT $AGIO $GERN $SRPT $RCII $GALE $CTIC $AMBC $PBYI $NKTR $THLD more@ http://t.co/jIGfl7ofoU
Keith Lovell
22 Apr 14 12:50:48
$GERN today's move - momentary short squeeze, dead cat bounce or meaningful news pending?
DAN BARA
22 Apr 14 12:28:00
What a day!! $SRPT $ARIA $CRDS $GERN $SRPT $IDRA $PRAN $AERI $EXEL #BiotechBull #stockmarket
ozzyissuccess
22 Apr 14 12:01:10
$gern flagging intraday may be in play tomorrow
ozzyissuccess
22 Apr 14 11:56:35
@TheDestinyShow $GERN
IVolatility
22 Apr 14 11:27:16
I signed: LIFT the FDA HOLD on Cancer Drug Geron $GERN Imetelstat http://t.co/FAromCCZTZ
Tradespoon
22 Apr 14 10:52:44
Gainers: $GWPH +39%. $IIN +28%. $IDRA +19%. $GERN +17%. $ICPT +17%. $AGN +16%.
GWPTRADES...
22 Apr 14 10:28:25
RT @SuperNovaAlerts: $GERN we crushed this play today, congrats SuperNova Elite chat players http://t.co/DqabwiouNL
SuperNova
22 Apr 14 10:25:17
$GERN we crushed this play today, congrats SuperNova Elite chat players http://t.co/DqabwiouNL
Stan D'Andrea, Ph.D.
22 Apr 14 10:12:35
@shaneblackmon I owe you some beers. Thanks for the $GERN short squeeze tweet earlier today. Came back from lunch to see it up 17%. Sold it
On Time Picks
22 Apr 14 10:11:16
ilpapa: $GERN, above average volume.: ilpapa http://t.co/vTOBPeRUNG
Mark Romero
22 Apr 14 10:07:49
$GERN Looking like it has topped out today. Might pull back from here.
Mr Dax
22 Apr 14 09:54:09
$GERN tanking
MarketCurrents
22 Apr 14 09:46:27
Midday Gainers / Losers http://t.co/JaDwQrbQYy $GWPH $IIN $IDRA $GERN
ozzyissuccess
22 Apr 14 09:46:04
$gern bull flag intraday breaking out
				
				
By  +Follow October 16, 2013 10:42AM
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