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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
Trader News Daily
29 Mar 15 15:06:10
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
PennyStocker
29 Mar 15 14:54:10
Wow the last pick from http://t.co/p3LC54H2W5 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Garage Traders
29 Mar 15 14:14:01
RT @deafdaytrader: For 1.00 to 5.00 dollars stocks $GERN $GLUU $MDBX $RIGL $LNGLF $MELA $RLMD Nice bottom
deafdaytrader
29 Mar 15 14:07:37
For 1.00 to 5.00 dollars stocks $GERN $GLUU $MDBX $RIGL $LNGLF $MELA $RLMD Nice bottom
Mark Trader
29 Mar 15 11:20:36
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
2damoon
29 Mar 15 09:38:10
Adam Feurstein's take on $GERN..12/10/2013 - potentially game-changing myelofibrosis drug http://t.co/2wXgdqqBLp
Greg David
29 Mar 15 09:09:51
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $GERN $ATHX $CDE $GST $GNBT $FOFU
PennyStocker
28 Mar 15 17:19:31
Wow the last pick from http://t.co/p3LC54H2W5 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Mark Trader
28 Mar 15 08:45:44
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
Stock Rocket
28 Mar 15 08:34:45
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
dailystockplays.com
28 Mar 15 08:19:48
NR6 Stocks http://t.co/MeOPvPkGzC $GRPN $GNW $IAG $LPI $STLD $KBH $ZTS $DDR $GPS $GERN $STI $UDR $ADBE $SONS $EXEL $BBG $VTR $VIAB $STT $DGX
2damoon
28 Mar 15 06:40:39
To subscribe, tweet: $Gern $incy @sa_alerts
Garage Traders
28 Mar 15 06:01:50
RT @zozotrader: $GERN $UNIS $BCLI $AMRN $YOD Under 5.00 scan http://t.co/0obJd78UW6 …
ZOZO
28 Mar 15 05:59:09
$GERN $UNIS $BCLI $AMRN $YOD Under 5.00 scan http://t.co/0obJd78UW6 …
2damoon
27 Mar 15 18:40:34
$gern put all your friends & family in it imo of course
2damoon
27 Mar 15 18:37:33
“@gbrlg: @jimcramer what are your thoughts on $gern? #madtweets” we @TheStreet are shorting $gern b/c we r long $incy imo of course
gbrlg
27 Mar 15 15:35:08
@jimcramer what are your thoughts on $gern? #madtweets
TinoTrader
27 Mar 15 15:13:52
Actualizo Posición de $GERN http://t.co/JzJS5fyZC2
Haki Hika
27 Mar 15 14:48:16
The week that was: Covered the $GERN short earlier and reduced $CL_F exposure. (added the 10 back at 50.42). http://t.co/xfxIH1YkXK
US_proptrader
27 Mar 15 12:07:30
$AKRX $AMAG $BIOS $CLDN $CNAT $EPZM $GERN $ICPT $NGD autocharts @ http://t.co/cLiki3R0GR
StockMatusow
27 Mar 15 12:04:46
MEI Pharma: Upcoming Catalysts Will Drive Stock Rebound | Seeking Alpha http://t.co/27pjsIidWf $MEIP $GERN $IBB #Biotech #Nasdaq #trading
Mark Trader
27 Mar 15 10:38:57
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
igor Bracislacislav
27 Mar 15 10:31:12
$GERN per Geron myelofibrosis pilot study: data suggest Imetelstat a telomerase inhibitor has disease-modifying activity in MF
2damoon
27 Mar 15 10:17:07
@jimcramer The market and @thestreet will just HAVE to figure out what is brewing here. $gern #imetelstat Geronimo!
PennyStocker
27 Mar 15 08:56:37
Wow the last pick from http://t.co/p3LC54H2W5 popped over 450%. Nice for being free. $GERN $CACH $QTM $PGH
Greg David
27 Mar 15 07:56:58
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $GERN $ATHX $CDE $GST $GNBT $FOFU
TinoTrader
27 Mar 15 07:44:20
$GERN en estos momentos cotizando 3.85 +3,22%. Va queriendo. http://t.co/avJnPiOq2t
StockNewsWires
27 Mar 15 07:05:05
$GERN: Healthcare Stocks Traders Alert- Geron (GERN), Baxter (BAX ...: http://t.co/ywaIUraUfa
US_proptrader
27 Mar 15 06:56:31
$AKRX $AMBA $BBRY $CLF $GDP $GERN $HQCL $MDLZ $QRVO autocharts @ http://t.co/cLiki3R0GR
TinoTrader
27 Mar 15 05:14:27
Actualizo posición de $GERN van 12 ruedas. http://t.co/avJnPiOq2t
2damoon
26 Mar 15 21:17:33
$gern http://t.co/b5urkC1MXZ
2damoon
26 Mar 15 21:06:05
@60Minutes #cancercure #imetelstat $gern please research imetelstat
Alpha Maven
26 Mar 15 15:36:48
RT @HedgeMind: Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.c…
S Manian
26 Mar 15 15:32:05
RT @HedgeMind: Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.c…
Raj R
26 Mar 15 15:11:05
RT @HedgeMind: Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.c…
Amin Hemani
26 Mar 15 15:02:25
RT @DailyStockPlays: Bullish Piercing http://t.co/AyOuGeE9Pe $YHOO $EMC $FITB $BK $GERN $FNFG $AFL $KSS $LNC $NTRS $UNM $PLCM $COL $RGC $LG…
dailystockplays.com
26 Mar 15 15:01:41
Bullish Piercing http://t.co/AyOuGeE9Pe $YHOO $EMC $FITB $BK $GERN $FNFG $AFL $KSS $LNC $NTRS $UNM $PLCM $COL $RGC $LGF $ASH $WRB $DOX $ITT
max
26 Mar 15 14:48:23
RT @HedgeMind: Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.c…
HedgeMind
26 Mar 15 14:46:01
Billionaire investors also like development stake biopharma stocks, Top 5 stocks: $MGNX $BLUE $FOLD $RCPT $GERN. http://t.co/8jerHDal0g
StockMatusow
26 Mar 15 13:02:32
Statement of Changes in Beneficial Ownership (4) http://t.co/btYlnYnh3A $MEIP #Biotech $IBB $GERN - please tell me people understand this!
2damoon
26 Mar 15 12:36:48
$incy Receives $79.82 Consensus Price Target from Analysts (NASDAQ:INCY) long $GERN
Trader News Daily
26 Mar 15 11:57:22
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $LXRX $NOK $SIRI $GERN $AEMD
US_proptrader
26 Mar 15 11:37:35
$ACAD $AEGR $AGIO $AKRX $ALKS $ARIA $GERN $WTW $XON autocharts @ http://t.co/cLiki3R0GR
Syed Waqas Nabi
26 Mar 15 11:00:41
A bullish Big MAC (Bullish) has occurred at 1:15 PM Mar 26 at $3.78 on Geron Corp (GERN) $GERN
US_proptrader
26 Mar 15 09:18:35
$AGIO $AKRX $ALNY $AMAG $AMRN $ANTH $ARRY $GERN $XON autocharts @ http://t.co/cLiki3R0GR
2damoon
26 Mar 15 09:07:55
water cooler talk is short $incy long $gern
US_proptrader
26 Mar 15 09:03:35
$ACAD $AKRX $ALNY $AMAG $AMBA $ARRY $GERN $VEEV $XON autocharts @ http://t.co/cLiki3R0GR
2damoon
26 Mar 15 08:58:46
$gern 200 Day $2.85 last time this high Oct 2012
US_proptrader
26 Mar 15 08:31:34
$AMAG $AMPE $BIS $GERN $OPK $OREX $TTPH $UCO $WOR autocharts @ http://t.co/cLiki3R0GR
2damoon
26 Mar 15 08:29:01
$gern [] 200 Day $2.84 [] 50 day $3.40 [] up we go
				
				
By  +Follow October 16, 2013 10:42AM
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