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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
p_code
19 Dec 14 08:34:44
$GERN looks ready to explode. Hard to see this not hitting $4 very soon - def before month-end.
Greg David
19 Dec 14 07:13:37
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
Stock Rocket
19 Dec 14 07:07:25
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
ProTradersNews
19 Dec 14 03:28:03
$CS $GERN: Stocks that tend to rise or fall with the market: Credit Suisse Group ... http://t.co/lI1JEhkW7X http://t.co/UnWB4bswSK
Louise Avery
19 Dec 14 02:16:32
RT $GERN good article ..i believe GERN will pump up more tommorrow http://t.co/tGoDynjz92 http://t.co/aTKvh76gHK via @YahooFinance
Alan Tan
19 Dec 14 00:42:50
RT @lavery1965: $GERN- http://t.co/tGoDynjz92
DailyStockPicks
19 Dec 14 00:09:25
$ECIG 400% upside buyout target of $0.50. $200M revenue expected in 2015 $LYB $GERN $TWC traders read: http://t.co/xi3978GuDs
8-bitgenstein
18 Dec 14 22:08:06
@WhiteCoatMafia @tazamatic OK, 78 responses in for the unscientific Anonymous Crowdsourced $GERN Price Target Survey: http://t.co/515xdpycCV
Tony Akins
18 Dec 14 21:12:21
$GERN Adding to imprudently large long position. Risk/reward seems like an outlier & can't hit homer with a bunt. Willing to swing for yard.
Louise Avery
18 Dec 14 21:10:30
$GERN- http://t.co/tGoDynjz92
Tony Fontane
18 Dec 14 17:32:17
Good day for $GERN and $GAUCX... #Biotech, #Imetelstat, #Utilities, #Dividends
Judie horton
18 Dec 14 16:39:57
and another mention of #imetelstat $GERN fast forward to 3:19 http://t.co/AVX54nb7qU
Judie horton
18 Dec 14 16:35:19
FINALLY some more mention of #IMETELSTAT $GERN from patient power fast forward to 17:45 http://t.co/Jkwt1Lo57P
Greg David
18 Dec 14 14:47:24
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
8-bitgenstein
18 Dec 14 14:47:09
RT @SeekingAlpha: Geron Enters 2015 On A More Assured Note http://t.co/2bP1iuhR5b $GERN
Dave
18 Dec 14 14:11:39
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
deafdaytrader
18 Dec 14 14:09:19
Past stocks part 2 $HMY $GST $ARR $BSBR $GERN $NADL $ANV $GRLT $TNGN $SGLRF $SID $GTE $PES $BXE $AOI $NEON $NPWZ $BKEN $GSAT $CETV $ROIAK
Stock Rocket
18 Dec 14 13:44:06
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
DB
18 Dec 14 13:24:55
RT @SeekingAlpha: Geron Enters 2015 On A More Assured Note http://t.co/2bP1iuhR5b $GERN
ProTradersNews
18 Dec 14 12:33:04
$GERN $MM: Geron Enters 2015 On A More Assured Note (GERN) http://t.co/RrAWwCX8En http://t.co/dHTLohNJvV
Seeking Alpha
18 Dec 14 12:28:59
Geron Enters 2015 On A More Assured Note http://t.co/2bP1iuhR5b $GERN
Daryl [Coach House]
18 Dec 14 11:54:37
$GERN has been a good play. Looking for more in 2015...
Chewy
18 Dec 14 11:01:14
$CYTR $AGEN big winners, more breaking out left to do.$IBIO $GILD $OPK $NVGN $HLF $NPSP $INO $OREX $MNKD $RXII $ACHN $CLDX $ARIA $CERS $GERN
Dave
18 Dec 14 10:51:00
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
WhiteCoatMafia
18 Dec 14 10:36:22
RT @8bitgenstein: @WhiteCoatMafia @tazamatic Take the unscientific Anonymous Crowdsourced $GERN Price Target Survey: http://t.co/HrIC1ppzTO
8-bitgenstein
18 Dec 14 10:30:35
@WhiteCoatMafia @tazamatic Take the unscientific Anonymous Crowdsourced $GERN Price Target Survey: http://t.co/HrIC1ppzTO
foolsgold
18 Dec 14 08:32:01
$GERN Bust this 330 with vol. You can do it!
Chewy
18 Dec 14 08:26:41
$CYTR breaking out $IBIO $GILD $OPK $NVGN $HLF $NPSP $INO $OREX $MNKD $RXII $ACHN $CLDX $ARIA $CERS $GERN
Greg David
18 Dec 14 08:06:10
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
Chewy
18 Dec 14 08:03:39
$CYTR reversal/insider buys, make money with me! $IBIO $GILD $OPK $NVGN $HLF $NPSP $INO $OREX $MNKD $RXII $ACHN $CLDX $ARIA $CERS $GERN
justamoneymatter
18 Dec 14 06:54:00
$GERN trying
strategynode
18 Dec 14 00:21:36
Long Watchlist 12/18/2014 $JASO $SFUN $RDNT $CNDO $SBGL $VGGL $IDRA $GERN
Dave
17 Dec 14 19:38:47
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
809trader
17 Dec 14 18:51:51
RT @foolsgold91789: Watching 12/18 $ARTX $ECYT $GERN $GSL $MTSN $ODP $PRAN $QUIK $RSYS $RTIX $SIGM $ZIOP
foolsgold
17 Dec 14 18:37:41
Watching 12/18 $ARTX $ECYT $GERN $GSL $MTSN $ODP $PRAN $QUIK $RSYS $RTIX $SIGM $ZIOP
deafdaytrader
17 Dec 14 16:58:36
For 1.00 to 5.00dollars part 2 $GST $ARR $CLNE $BSBR $GERN $NADL Nice bottom
WhiteCoatMafia
17 Dec 14 14:48:29
@WhiteCoatMafia Sold $GERN for tax purposes. Will be watching it close. Can't buy back in for a month. Still love the GERN long. Love it.
Judie horton
17 Dec 14 13:54:19
@tazamatic @WhiteCoatMafia Dr. Mesa mentions on #Imetelstat $GERN at about 9:20 in video on #MF. http://t.co/aa1UoKIGmv via @YouTube
4-traders.com
17 Dec 14 12:31:18
#Geron : reports 3Q loss http://t.co/fwjdLmp7YQ $GERN
DailyStockPicks
17 Dec 14 11:45:14
$ECIG buyout target of $0.50. 400% upside. Positive EBITDA and $200MM revenue in 2015 $LYB $GERN $TWC traders read: http://t.co/xi3978GuDs
Dave
17 Dec 14 11:38:59
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
Stock Rocket
17 Dec 14 11:10:10
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
Daily Contracts
17 Dec 14 10:34:02
Real-Time feed of company contracts, original agreements and executive updates from Geron Corp $GERN http://t.co/F2pd2o7BKd
Trader News Daily
17 Dec 14 10:06:38
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
17 Dec 14 09:00:33
I want to give http://t.co/m2LNLuLe8I a shout out. Banked 125% last week thanks to them. You guys rock! $PAAS $GERN $PWE $PGH
Fa$tlane $tocks
17 Dec 14 08:15:06
Geron Announces Early HSR Clearance for Global Strategic Collaboration with Janssen | 6:17 AM | $GERN $ONE http://t.co/7ktFeThlFp
Stock Rocket
17 Dec 14 08:09:14
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
17 Dec 14 07:28:53
RT @AricGoodman: $GERN just being shorted at will.
Steve
17 Dec 14 07:28:35
$pcyc the new short not $GERN
AricGoodman
17 Dec 14 06:55:01
$GERN just being shorted at will.
				
				
By  +Follow October 16, 2013 10:42AM
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