logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


Geron Corporation (GERN) Spikes on Upgrade

By  +Follow October 16, 2013 10:42AM
Share:
Tickers Mentioned:

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


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for GERN
WatchTheFunds
28 Aug 15 23:04:02
$GERN Institutional ownership up 20.67% Q/Q, with 21,671,700 net purchase http://t.co/lS7ClAkleL http://t.co/4cIo3voPt3
Stockmarketsvane
28 Aug 15 19:30:03
Swing Sell Picks: $APOL, $BAS, $BCEI, $BDSI, $BNP.CA, $CHK, $CLDX, $CNQ, $CPG.CA, $CR.CA, $CSTM, $CZZ, $GERN http://t.co/ScDqBE9vBq
GatorFan
28 Aug 15 18:27:12
@WhiteCoatMafia @AricGoodman With all the cash $GERN has, and may get in milestones, doubt they'll use S-3. But good to have on "shelf".
Time=Best Stock
28 Aug 15 18:18:46
RT @MONEYEMPIRE: $GERN nice move
WhiteCoatMafia
28 Aug 15 17:25:05
Only logical reason $GERN would do an offering this year would be for acquisition - but then why'd they downsize their staff? @AricGoodman
WhiteCoatMafia
28 Aug 15 17:21:27
Gotta remember: $GERN already had a prior reg with $88 mil remaining out of $200 mil. All companies update their shelf regs. @AricGoodman
WhiteCoatMafia
28 Aug 15 17:20:25
I doubt a shelf reg would cause that, plus the whole small/mid bio market dropped 25% on no news. $GERN AricGoodman https://t.co/a12N2aeb6h
Michael Torres, PhD
28 Aug 15 17:15:37
@anachtomi @given2tweet I've been publicly bearish for years. Was actually blocked by good folks because they were so adamant about $GERN.
Cdn.Trader
28 Aug 15 16:59:20
RT @MaisaCorp: $GERN S-3 for $250M
MAISA
28 Aug 15 16:47:32
$GERN S-3 for $250M
Joe Smith
28 Aug 15 15:38:21
RT @BioStocks: $GERN $250M shelf
Bio Stocks™
28 Aug 15 14:30:07
$GERN $250M shelf
$Stocknewsalerts
28 Aug 15 14:24:07
$GERN ALERT: New Geron SEC Filing From our Stock News Alerts App
Steve Feffer
28 Aug 15 14:22:43
$GERN S-3 $250M offering closed 3.23 no trades AH http://t.co/yW5xPLDepl
ProTradersNews
28 Aug 15 14:20:03
$GERN: New SEC Filing for GERN: Form 8-K (No. 0001206774-15-002910): http://t.co/sD0lncqLZS
Latest SEC Filings
28 Aug 15 14:19:10
NEW SEC Filing for $GERN filed a moment ago: http://t.co/qFdn6rMqdw http://t.co/mGhnVzdcaS
Sec Filings
28 Aug 15 14:17:32
$GERN: GERON CORP filed a form 8-K. http://t.co/vevx9AWhAM
Joel
28 Aug 15 14:01:22
@dtradetwit $GERN update http://t.co/m7PDg5RQE3
Sean Barré
28 Aug 15 13:23:24
New positions: $AGEN $COWN $GERN $MTSN $RXDX $VNDA
Syed Waqas Nabi
28 Aug 15 13:00:42
A bullish Big MAC (Bullish) has occurred at 3:00 PM Aug 28 at $3.21 on Geron Corp (GERN) $GERN
MoneyEmpire
28 Aug 15 13:00:11
$GERN nice move
Biotech Forum
28 Aug 15 11:13:51
Your biotech mojo of the day http://t.co/pfXTDgFbwp $gern #biotechnology #biotechforum
DailyStockPicks
28 Aug 15 08:00:30
$ANFI huge bounce play like $ACI up 10%. 100%-200% upside potential $VMW $CTXS $SYY $CROX $GERN $MEG investors read http://t.co/L1jwUVoc1O
Seeking Alpha Alerts
28 Aug 15 05:13:02
@SneakyPHolsters $gern Premarket Biotech Digest: Geron EDP Today, Repatha Approval, Mylan Perrigo Deal http://t.co/6c30WlcDfF
Seeking Alpha Alerts
28 Aug 15 05:13:01
@soaysheep1 $gern Premarket Biotech Digest: Geron EDP Today, Repatha Approval, Mylan Perrigo Deal http://t.co/6c30WlcDfF
Seeking Alpha Alerts
28 Aug 15 05:13:01
@sa_konstantin $gern Premarket Biotech Digest: Geron EDP Today, Repatha Approval, Mylan Perrigo Deal http://t.co/6c30WlcDfF
Seeking Alpha Alerts
28 Aug 15 05:13:01
@peachy5keen $gern Premarket Biotech Digest: Geron EDP Today, Repatha Approval, Mylan Perrigo Deal http://t.co/6c30WlcDfF
danrocks
27 Aug 15 22:47:34
TZA Under Armour, Inc. Volume http://t.co/zuBr8YZUhi $TZA $GERN $EFA $PFE #TZA #pennystocks #finance
leahanne
27 Aug 15 22:37:36
GERN Guess ?, Inc. Quotes http://t.co/UYLusl3Zh3 $GERN $PFE $GT $BIDU #GERN #stockmarket #nasdaq
Stock_Tracker
27 Aug 15 21:50:09
XOM SPDR S&P Oil & Gas Exploration & Production Index Stock Forum http://t.co/Pb8vQHZgVe $XOM $LNKD $GERN $SCMP #XOM #share #stock
leahanne
27 Aug 15 21:50:04
XLK Technology Select Sector SPDR Ask http://t.co/1S670fhBy1 $XLK $GERN $XLY $UVXY #XLK #stockmarket #invest
danrocks
27 Aug 15 21:48:03
V Visa Inc. % Change http://t.co/NRAnVyEbAE $V $ABX $BX $GERN #V #stocks #stock
WatchTheFunds
27 Aug 15 21:46:02
$GERN Institutional ownership up 20.67% Q/Q, with 21,671,700 net purchase http://t.co/lS7ClAkleL http://t.co/QXUACr8ZqG
leahanne
27 Aug 15 21:44:19
ONTY http://t.co/yzDlvAT8FF Inc. Filings http://t.co/UcQESsdmIg $ONTY $SVXY $GERN $PTSC #ONTY #stock #tradeideas
Stock_Tracker
27 Aug 15 21:43:37
NKE Nike Inc. Company Info http://t.co/datFXmG4qq $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Jake13
27 Aug 15 21:43:36
NKE Nike Inc. Company Info http://t.co/g04xwbf9KX $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Jake13
27 Aug 15 21:43:36
NKE Nike Inc. Company Info http://t.co/zjfNL2Fuu9 $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Stock_Tracker
27 Aug 15 21:43:34
NKE Nike Inc. Company Info http://t.co/VNRqKtREZo $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Investors Hangout
27 Aug 15 21:43:33
NKE Nike Inc. Company Info http://t.co/hU6Indi5wB $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Stock_Tracker
27 Aug 15 21:43:29
NKE Nike Inc. Company Info http://t.co/LyMNT4B6VR $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
danrocks
27 Aug 15 21:43:28
NKE Nike Inc. Company Info http://t.co/6pq0dh7Fc3 $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Jake13
27 Aug 15 21:43:27
NKE Nike Inc. Company Info http://t.co/Z2Sf7jB6Ll $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Jake13
27 Aug 15 21:43:26
NKE Nike Inc. Company Info http://t.co/Mc7Skxkpg0 $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Rosner Stocks
27 Aug 15 21:43:26
NKE Nike Inc. Company Info http://t.co/cIIedRl4w7 $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
danrocks
27 Aug 15 21:43:26
NKE Nike Inc. Company Info http://t.co/HeU0H98SVv $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Rosner Stocks
27 Aug 15 21:43:23
NKE Nike Inc. Company Info http://t.co/SbxNc7TfLp $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Jake13
27 Aug 15 21:43:23
NKE Nike Inc. Company Info http://t.co/qfM3FABFDt $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Rosner Stocks
27 Aug 15 21:43:23
NKE Nike Inc. Company Info http://t.co/h1tTMTMRLu $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
Jake13
27 Aug 15 21:43:22
NKE Nike Inc. Company Info http://t.co/zLNRQIsz2i $NKE $UPRO $FNMA $GERN #NKE #stock #stock
Rosner Stocks
27 Aug 15 21:43:21
NKE Nike Inc. Company Info http://t.co/pLWIwnjkZ0 $NKE $UPRO $FNMA $GERN #NKE #stock #stockNOK Nokia Corp. Last Price…
				
				
By  +Follow October 16, 2013 10:42AM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

Welcome to Equities.com's Small-Cap Throwdown


These Analysts Called Apple's (AAPL) Collapse, Here's What They're Saying Now

7 Dow Stocks Worth Owning and a Lot that Aren't

Sprint Turnaround Has Begun


Saving the

Small-Cap Market

 

Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN