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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.

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Results for GERN
Mark Trader
25 Apr 15 13:14:27
Cool trading site I just found. https://t.co/T2poBgnyFu $PLUG $ACI DRYS $ALU $GALE $HOV $CPST $GERN $HL
Big Mike
25 Apr 15 09:25:10
RT @8bitgenstein: New Ph.2 study for $GERN's #imetelstat in 200 MF patients previously treated with Jak2 inhibitor (eg $INCY's Jakafi): htt…
Phil I am Not
25 Apr 15 06:38:18
RT @corymah: $GERN Study to Evaluate Activity of Imetelstat in Participants With Intermediate-2 or High-Risk Myelofibrosis https://t.co/fln…
The Legacy News
25 Apr 15 02:57:47
Oppenheimer Begins Coverage on Geron $GERN http://t.co/z3HMYvrlr5
Trader News Daily
24 Apr 15 18:46:39
Check out http://t.co/PeRPkYu8Uk for some awesome trade ideas. Their 6 pro's are amazing. $MCIG $QTM $HOV $AMRN $SPDC $CAK $HMY $GERN
Stephen s
24 Apr 15 15:41:22
RT @rosnerstocks: $MYEC Stock Price Updated Friday, April 24, 2015 3:59:25 PM $RSX $GERN $TBT $SLV http://t.co/PssVWk2GeE
IH News Desk
24 Apr 15 15:40:37
$FXC Financials Updated Friday, April 24, 2015 6:11:08 PM $MCP $GERN $IBB $WMT http://t.co/rK9sWqhzgO
Phil I am Not
24 Apr 15 15:31:16
RT @8bitgenstein: New Ph.2 study for $GERN's #imetelstat in 200 MF patients previously treated with Jak2 inhibitor (eg $INCY's Jakafi): htt…
Phil I am Not
24 Apr 15 15:29:55
RT @fm23: $GERN http://t.co/cDfGzsMyEs
Phil Martin
24 Apr 15 15:05:22
$GERN http://t.co/cDfGzsMyEs
IH News Desk
24 Apr 15 14:39:39
$PPCH Stock Forum Updated Friday, April 24, 2015 5:11:08 PM $XLB $HBI $BORN $GERN http://t.co/1lFtbQo45U
PolgarStocks
24 Apr 15 14:18:38
$XHB Stock Message Board Updated Friday, April 24, 2015 5:07:12 PM $HD $GLD $DPZ $GERN http://t.co/rR5MJSWd2Y
Lauren Holmes
24 Apr 15 13:55:26
$FB $OCN $MNGA $GENE $ROSG $UGAZ $GERN Currently trading to long side. Read our ideas here http://t.co/huaLsH8iDZ
Rosner Stocks
24 Apr 15 13:17:15
$MYEC Stock Price Updated Friday, April 24, 2015 3:59:25 PM $RSX $GERN $TBT $SLV http://t.co/PssVWk2GeE
PolgarStocks
24 Apr 15 13:17:08
$SLW Investor Opinions Updated Friday, April 24, 2015 4:07:16 PM $XLP $AEM $GERN $VALE http://t.co/JKQmfgwPGS
IH News Desk
24 Apr 15 12:38:09
$FXC News Updated Friday, April 24, 2015 3:11:12 PM $JNJ $XLK $GERN $MTL http://t.co/7Xm4DedSoN
Langan Stocks
24 Apr 15 12:16:43
$HAL Filings Updated Friday, April 24, 2015 3:03:21 PM $EFA $GERN $TBT $GLD http://t.co/vKEpzgcyWe
Big Mike
24 Apr 15 11:47:26
@corymah Great find Cory! Looks like $GERN is right on track!
Tony Fontane
24 Apr 15 11:47:06
@DNABARCODE So far, another good day for my #Cancer fighting stocks.. $GERN, $AST . #Biotech #Investing
Big Mike
24 Apr 15 11:46:45
RT @corymah: $GERN Study to Evaluate Activity of Imetelstat in Participants With Intermediate-2 or High-Risk Myelofibrosis https://t.co/fln…
TraderBoo
24 Apr 15 11:45:41
@askslim Slim are you still in $SID and $GERN ??? $SID had a small move up no call options to speak of though any thoughts
Lauren Holmes
24 Apr 15 11:43:11
$FB $OCN $MNGA $GENE $ROSG $UGAZ $GERN Currently trading to long side. Read our ideas here http://t.co/huaLsH8iDZ
mhchangster
24 Apr 15 10:48:13
RT @8bitgenstein: New Ph.2 study for $GERN's #imetelstat in 200 MF patients previously treated with Jak2 inhibitor (eg $INCY's Jakafi): htt…
Cory
24 Apr 15 10:41:54
$GERN Study to Evaluate Activity of Imetelstat in Participants With Intermediate-2 or High-Risk Myelofibrosis https://t.co/flnTaEo0UD
8-bitgenstein
24 Apr 15 10:31:13
New Ph.2 study for $GERN's #imetelstat in 200 MF patients previously treated with Jak2 inhibitor (eg $INCY's Jakafi): http://t.co/whmdYVZloF
Dave
24 Apr 15 10:23:27
http://t.co/L46QQZciCc alerted over 10,000% in gains last month. Wowser. $EXXI $OXIS $EAPH $MHR $PGN $WSTI $GERN $COOL $GTE $HHSE
Daily Contracts
24 Apr 15 10:20:03
Real-Time feed of company contracts, original agreements and executive updates from $GERN http://t.co/RcN7icbsJa
PolgarStocks
24 Apr 15 10:15:10
$DUST Stock Forum Updated Friday, April 24, 2015 1:07:16 PM $BORN $NUGT $SFUN $GERN http://t.co/qCQJy8pQGF
Trader News Daily
24 Apr 15 10:08:56
Check out http://t.co/PeRPkYLKiU for some awesome trade ideas. Their 6 pro's are amazing. $MCIG $QTM $HOV $AMRN $SPDC $CAK $HMY $GERN
SHO
24 Apr 15 09:41:24
$GERN • possible noon play... needs to take out those 4.5s. 50day asc-tri setup formed. http://t.co/bC4ho8WRmB
IH News Desk
24 Apr 15 09:35:07
$AMRN Reviews Updated Friday, April 24, 2015 12:11:12 PM $ABX $GILD $ERX $GERN http://t.co/Fm28Onz716
stt2318
24 Apr 15 09:33:57
$GERN again.. on watch
PolgarStocks
24 Apr 15 09:15:15
$GERN Recent News Updated Friday, April 24, 2015 12:07:16 PM $GS $EWT $HOG $RSX http://t.co/n87MNHVZH4
Phil I am Not
24 Apr 15 09:14:21
https://t.co/rmCc4xwB5J $gern #imetelstat #Myelofibrosis #phase2 Estimated Enrollment: 200 Study Start Date: 6/15 expect the US trials
Phil I am Not
24 Apr 15 08:31:04
RT @stt2318: $GERN beaut of a chart all time frames... 4.5 looms... http://t.co/XDbKWnDhnf
Phil I am Not
24 Apr 15 08:30:04
$gern http://t.co/oWLt6HSztz Identifier: NCT02426086 Study to Evaluate Activity of 2 Dose Levels of #Imetelstat https://t.co/rmCc4xeZH9
Dave
24 Apr 15 08:20:27
Pro members at http://t.co/L46QQZciCc get alerts early before they make big moves. Related: $MUX $PLUG $FCEL $REXX $LXRX $GERN
PolgarStocks
24 Apr 15 08:14:06
$GERN Company Info Updated Friday, April 24, 2015 11:07:14 AM $ARIA $POT $EBAY $GILD http://t.co/kK2phGcbIw
Mark Trader
24 Apr 15 07:44:58
Cool trading site I just found. https://t.co/T2poBgnyFu $PLUG $ACI DRYS $ALU $GALE $HOV $CPST $GERN $HL
KJS
24 Apr 15 07:44:38
$GERN 4.35 now but 4.50s highs from awhile ago, could bust through today/ Monday if it closes well, definitely one to watch for eod strength
IH News Desk
24 Apr 15 07:33:15
$CCJ Last Price Updated Friday, April 24, 2015 10:11:11 AM $VLO $GERN $GS $VALE http://t.co/AkdtQMlUF6
Elias S
24 Apr 15 07:30:48
RT @stt2318: $GERN beaut of a chart all time frames... 4.5 looms... http://t.co/XDbKWnDhnf
S Manian
24 Apr 15 07:21:07
$GERN $FOLD poised for a big b/o; $TRIV $AKAO nice zone to accumulate for l/t; $SSH creeping up into FDA nod;
S Manian
24 Apr 15 07:19:11
RT @lomu_j: $GERN $JNJ MF P2 trial https://t.co/cIQDHX8aIw
j l
24 Apr 15 07:17:54
$GERN $JNJ MF P2 trial https://t.co/cIQDHX8aIw
Rosner Stocks
24 Apr 15 07:13:08
$MMM Last Price Updated Friday, April 24, 2015 09:59:24 AM $GBGM $GERN $IYR $GG http://t.co/6dHt2NhwJJ
PolgarStocks
24 Apr 15 07:13:07
$HOG Short Sales Updated Friday, April 24, 2015 10:07:15 AM $EFA $ZA $IWM $GERN http://t.co/HyTjqVEt9V
Daryl [Coach House]
24 Apr 15 06:55:33
$GERN is holding and moving well so far in 2015!
stt2318
24 Apr 15 06:51:07
$GERN beaut of a chart all time frames... 4.5 looms... http://t.co/XDbKWnDhnf
Dave
24 Apr 15 06:50:19
Pro members at http://t.co/L46QQZciCc get alerts early before they make big moves. Related: $MUX $PLUG $FCEL $REXX $LXRX $GERN
				
				
By  +Follow October 16, 2013 10:42AM
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