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Geron Corporation (GERN) Spikes, Retreats, Spikes Again on Imetelstat Data

By  +Follow December 6, 2013 12:50PM
Tickers Mentioned:

Shares in biopharmaceutical company Geron Corporation (GERN) took a wild ride on Friday, as the company was up as much as 32 percent in pre-market trading, spiked nearly 18 percent to open trading, swung to a 2.7 percent loss, and then started climbing again. All before 11 am EST.

The wild day came after the company released data after market close on Thursday from a clinical study showing that its bone-marrow drug, imetelstat, displayed statistically significant results among 22 myelofibrosis patients.

Imetelstat Carrying GERN to New Heights

Imetelstat is a treatment for myelofibrosis, a chronic myeloid cancer that affects bone marrow cells. It’s intended to work by inhibiting the activity of telomerase, an enzyme that allows cancer cells to maintain telomere length, which is what gives those cells the capacity for limitless reproduction.

The Mayo Clinic study, which was performed on 22 myelofibrosis patients over six months, achieved partial or complete remission from five of the participants and showed a response to the treatment in 41 percent of people taking the drug.

“Some patients in our clinical trial taking imetelstat obtained dramatic responses and there have been some complete responses which is almost unheard of for drug therapy in this disease,” said Mayo Clinic hematologist Ayalew Tefferi, the study’s lead author, in the statement. “These are early results but they are promising.”

Roller-coaster Day for GERN Stock

The daily movement for Geron proved inconsistent, repeatedly rising sharply only to surrender gains soon after.

After closing at $5.87 a share on Thursday, the stock opened $6.72 a share and rose as high as $6.92 in the first six minutes of trading. It then plunged sharply, falling as low as $5.71 a share just before it started to rebound again at around 11 am. That rebound carried shares to $6.33 a share by just after 12:45 pm, but it was followed by another sharp decline back to $5.87 a share.

Things slowed considerably after 1 pm, but a slow rally to over $6 a share was followed by another decline with shares down over 0.75 percent by 3:45 pm.

GERN On the Rise Since September

The current news on a Mayo Clinic comes almost exactly a month after the company experienced 44.72 percent jump in a single day on new of another Mayo Clinic study returning strong results.

On the whole, it’s been a strong close to 2013 for a stock that showed little life prior to the end of the summer. Shares in Geron have more than quadrupled since September 1, rising over 315 percent since that point. The stock gained less than 1.5 percent over the first 9 months of the year.

Driving the gains are continuing streams of positive news about imetelstat, which investors clearly believe is en route for FDA approval and commercial release as Geron has consistently been losing money since 2009, with annual operating losses between $70 million and $111 million in that time.

Friday’s stops and starts could be a sign that investors and traders believe the three-month run has taken Geron’s value close to long-term resistance.

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
Edward Taussig
5 Mar 15 10:34:58
RT @BlinkX90: $GERN http://t.co/rW31jrzy27
5 Mar 15 10:32:14
$GERN i don't care what they say, started short here
Nick Fox (porn name)
5 Mar 15 10:31:47
Bought 100 shares of $GERN thanks to @mehrsays tho
Antonio Costa
5 Mar 15 10:30:53
$HEB Get ready for a Big and Beautiful rally..notes on chart... $OREX $GERN $KYTH $CRMD $EYES http://t.co/aHBzPmkFNt
5 Mar 15 10:30:24
Is Barron’s a credible news source or is it bought and paid for like everyone else? $GERN
5 Mar 15 10:29:28
$PLUG currently collaborates with 7 leading OEMs in Europe. $CERE $TWTR $AAPL $CYTX $ENRJ $GERN $OREX $STEM $ONCY $PEIX $GEVO $STEM $PPHM $C
5 Mar 15 10:28:56
$GERN at resistance area 3.5 we'll see
Bilo Selhi
5 Mar 15 10:27:24
Members alerted to $CAPN +30% http://t.co/W3gditBjAt SEE TRACK RECORD http://t.co/mAugeN0wA4 $EYES $PEIX $VSLR $RNDY $GERN $ASTI $MVI
5 Mar 15 10:27:23
$PLUG has great potential to grow into one of the top most successful international businesses. $CERE $TWTR $AAPL $CYTX $ENRJ $GERN $GEVO $C
5 Mar 15 10:27:07
$GERN http://t.co/rW31jrzy27
5 Mar 15 10:27:05
$GERN #blockbuster potential, very cheap to buy into it now. #Aspirin for #Cancer
5 Mar 15 10:26:58
$GERN Geron Shares Could Double As the biotech makes moves to restore market confidence, shares could reach $6 in one year. #Barrons
Futures and Options
5 Mar 15 10:25:51
Gainers: $ENRJ +31%. $PEIX +28%. $EYES +25%. $KYTH +24%. $VSLR +21%. $GERN +17%. $EVOK +17%
Doc Tony
5 Mar 15 10:25:13
$GERN Breaking out
5 Mar 15 10:24:29
$GERN nice
5 Mar 15 10:24:06
@MONEYEMPIRE Great call at $3.03 on $GERN. I did not take a position. :(
5 Mar 15 10:22:51
$GERN HOD :)))))
Dan Wessler
5 Mar 15 10:21:12
$GERN - Cleared 3.30 resistance. #buytherumor #bethebull
5 Mar 15 10:20:49
$GERN new hod in at .35
5 Mar 15 10:18:55
$GERN near hod
Tony Fontane
5 Mar 15 10:18:49
$GERN, $AST getting a nice run-up 2day. #Biotech for #Cancer cures getting positive 2day... @DNABARCODE #Investing #CancerCure
5 Mar 15 10:07:57
Barrons weighs in on $GERN: http://t.co/p4DHEL5vi8
Stock Trade Alerts
5 Mar 15 10:06:44
$KYTH, $VSLR, $CECE, $GERN Thursday's Mid-Day Market Movers: Vivint Solar, Alamo Group And More - http://t.co/3b4LkkFIiE ~ via @AlertTrade
5 Mar 15 10:03:34
22nd Century Group Inc (XXII) Leads Small-Cap Stars in Early Trading for March 5 $POWR $RNDY $GERN $KYTH $XXII http://t.co/kIdXQw6e3B
5 Mar 15 10:02:02
$GERN: Geron Shares Could Double: http://t.co/DpEw8HRFuV
5 Mar 15 09:59:04
$GERN Beaut.
Wall Street
5 Mar 15 09:58:57
Article about a new type of penny stock website. http://t.co/KjdM27IdTR $GDP $GERN $ACI $SFY $VLCCF $RNN $BTG $PGH $HERO
Clark Joseph Kent
5 Mar 15 09:54:16
Mid-Day Gainers: $ENRJ +31% $PEIX +28% $EYES +25% $KYTH +24% $VSLR +21% $GERN +17% $EVOK +17% $CRMD +16% $ALG +16% $RNDY +15%
5 Mar 15 09:51:11
$GERN up 17.1% to 3.29 after bullish trade setup #stocks #options #trading http://t.co/8b1slJOZNw
Samer Shkoukani
5 Mar 15 09:50:44
$GERN up 17% on $ABBV deal... http://t.co/xj0QAkuE1w #biotech
Mark Trader
5 Mar 15 09:32:18
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $GERN $TPLM $TRQ $SONS $HELI $FMCC
lucky swan
5 Mar 15 09:20:36
$ZGNX next play to rally, $GERN ran hard $CTIC & $AMRN
5 Mar 15 09:19:54
RT @MarketCurrents: Geron gets boost from AbbVie-Pharmacyclics deal http://t.co/OIxjFAK8UN $GERN $JNJ $ABBV $PCYC
Healthcare Stocks
5 Mar 15 09:16:00
Geron gets boost from AbbVie-Pharmacyclics deal http://t.co/mQG6vEh1dx $GERN $JNJ $ABBV $PCYC
Quantpost Healthcare
5 Mar 15 09:16:00
$JNJ $ABBV News: "Geron gets boost from AbbVie-Pharmacyclics deal $GERN $JNJ …" http://t.co/7w1mjNTzsJ Board view: https://t.co/3MX0i8kCaU
Stocks On The Move
5 Mar 15 09:16:00
Geron gets boost from AbbVie-Pharmacyclics deal http://t.co/Wz73t4QUya $GERN $JNJ $ABBV $PCYC
SA Breaking News
5 Mar 15 09:16:00
Geron gets boost from AbbVie-Pharmacyclics deal http://t.co/OIxjFAK8UN $GERN $JNJ $ABBV $PCYC
Otto Max Investments
5 Mar 15 09:13:49
Back in $CYH; bought new position in $GERN.
5 Mar 15 09:10:03
$ATHM $CYBR $EXXI $GENE $GERN $INSM $WBAI $WPX $ZIOP autocharts @ http://t.co/cLiki3R0GR
Stocks News&Markets
5 Mar 15 09:01:03
lx21 made $12,219 on $MTG -Check it out! http://t.co/W9ysnVq6Qo Learn #howtotrade http://t.co/axK8SMSgo9 $KYTH $VSLR $LAS $AXN $GERN
5 Mar 15 08:54:28
Smallcap #Stocks Performance $PEIX $KYTH $GERN $POWR $TGTX $OHRP $ALG $RCPT $AMRC $NAVB $FXEN $PBYI more@ http://t.co/Giravo3fg9
5 Mar 15 08:52:45
5 Mar 15 08:46:46
$ABBV $PCYC looks like buyout fever hitting bios $BLUE $CNAT $GERN $VRTX $BIB $IBB
5 Mar 15 08:45:33
Missed $GERN today..was a logical play really...ah well
5 Mar 15 08:44:55
GERN 2.92 Geron Corp $GERN added to my watch list. Right now with GERN I am watching the last price 2.92 High http://t.co/5gFWiASsC4
5 Mar 15 08:44:33
$GERN GERN 2.92 Geron Corp $GERN stock added to my watch list. Right now with GERN I am watching the last price 2.92 http://t.co/NBoidDooBq
Will Robinson
5 Mar 15 08:40:03
$GERN looked cheap yesterday so I added. Up 17.8% today. It's better to be lucky than to be good.
5 Mar 15 08:37:08
http://t.co/stbZjDAnbM leahanne: Volume Alert - GERN 3.18 Geron Corp $GERN Hit a: leahanne http://t.co/cjLQh8iw7r http://t.co/stbZjDAnbM
5 Mar 15 08:34:55
leahanne: ALERTS, HOT STOCKS & CHARTS: Volume Alert - GERN 3.18 Geron Corp $GERN Hit a http://t.co/wysqAkKx3C
5 Mar 15 08:34:47
leahanne: $GERN Geron Corporation: Volume Alert - GERN Stock 3.18 Geron Corp $GERN http://t.co/mImFppOPPR
By  +Follow December 6, 2013 12:50PM



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