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

By  +Follow December 6, 2013 12:50PM
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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for GERN
Mark Trader
19 Apr 15 11:26:49
Cool trading site I just found. https://t.co/T2poBgnyFu $PLUG $ACI DRYS $ALU $GALE $HOV $CPST $GERN $HL
Dave
19 Apr 15 11:20:38
New type of penny stock website may change the industry. http://t.co/hCqcXy27bY $ALU $GALE $HOV $CPST $GERN $HL $HERO $WLT
Mark Trader
19 Apr 15 09:47:15
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Trader News Daily
19 Apr 15 08:38:13
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Rosner Stocks
18 Apr 15 15:16:36
$IYT Financials Updated Saturday, April 18, 2015 5:59:26 PM $GERN $GG $INTC $PBR http://t.co/eLFRjxiH3Z
Langan Stocks
18 Apr 15 14:16:14
$GERN Company Info Updated Saturday, April 18, 2015 5:03:20 PM $EWJ $HD $SNE $CVX http://t.co/msQBg7Vlpf
Langan Stocks
18 Apr 15 14:16:13
$GWPH Short Sales Updated Saturday, April 18, 2015 5:03:20 PM $MRK $GERN $IRDM $CVX http://t.co/RFU8f2by8Y
PolgarStocks
18 Apr 15 13:14:07
$WMIH Financials Updated Saturday, April 18, 2015 4:07:18 PM $AMZN $GERN $MCP $DIA http://t.co/zpy9BSADw5
Mark Trader
18 Apr 15 12:53:54
Cool trading site I just found. https://t.co/T2poBgnyFu $PLUG $ACI DRYS $ALU $GALE $HOV $CPST $GERN $HL
IH News Desk
18 Apr 15 12:49:11
$EA Stock Forum Updated Saturday, April 18, 2015 3:11:14 PM $XIV $TBT $GERN $FXI http://t.co/IcGRlWZD5f
Rosner Stocks
18 Apr 15 12:13:10
$DBA Last Price Updated Saturday, April 18, 2015 2:59:25 PM $GERN $JNK $PAM $AA http://t.co/NkMU0VJ4Sh
Rosner Stocks
18 Apr 15 11:12:08
$GWPH Last Price Updated Saturday, April 18, 2015 1:59:24 PM $TWTR $LUV $EEM $GERN http://t.co/CDp8buovnZ
Langan Stocks
18 Apr 15 11:11:36
$GLD Percent Change Updated Saturday, April 18, 2015 2:03:22 PM $GERN $FB $CSCO $XLU http://t.co/sHuOoBs9Zc
IH News Desk
18 Apr 15 10:47:40
$GERN Stock Forum Updated Saturday, April 18, 2015 1:11:13 PM $EA $F $FXE $GDXJ http://t.co/fOAyKcEb13
Trader News Daily
18 Apr 15 10:31:50
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
Rosner Stocks
18 Apr 15 10:11:13
$XLB Short Sales Updated Saturday, April 18, 2015 12:59:23 PM $GDX $RUSS $EBR $GERN http://t.co/G4icj7jQAB
ProTradersNews
18 Apr 15 10:06:13
$GERN: Sizzling News: Geron (GERN), Inovio Pharmaceuticals (INO), Inovio ...: http://t.co/ZkaUWrW6JJ
Trader News Daily
18 Apr 15 10:01:08
Check out http://t.co/PeRPkYu8Uk for some awesome trade ideas. Their 6 pro's are amazing. $CAK $GERN $HMY $AEZS $BTG $FMCC $ONVO $XXII
PolgarStocks
18 Apr 15 07:08:37
$GDX Stock Message Board Updated Saturday, April 18, 2015 09:07:15 AM $DUST $HAL $XLY $GERN http://t.co/F0DqgfzyNA
IH News Desk
18 Apr 15 06:44:08
$EFA Investor Opinions Updated Saturday, April 18, 2015 09:11:13 AM $IRDM $TKMR $AMZN $GERN http://t.co/AFhzVOrtYo
Rosner Stocks
18 Apr 15 05:07:17
$XLU Recent News Updated Saturday, April 18, 2015 07:59:22 AM $GERN $IBB $HD $BTU http://t.co/AGFUciTl6k
Rosner Stocks
18 Apr 15 04:07:27
$GDX Financials Updated Saturday, April 18, 2015 06:59:22 AM $GERN $IRDM $CMG $ADMD http://t.co/HoFgYD4ODi
PolgarStocks
18 Apr 15 04:07:10
$SWN Stock Message Board Updated Saturday, April 18, 2015 06:07:15 AM $GS $GERN $KMI $AMD http://t.co/EOKYkQLTDY
IH News Desk
18 Apr 15 02:40:34
$STX Filings Updated Saturday, April 18, 2015 05:11:11 AM $MU $ILF $GERN $RUSS http://t.co/VBvIT38P99
Rosner Stocks
18 Apr 15 01:04:17
$IWM Stock Message Board Updated Saturday, April 18, 2015 03:59:22 AM $GERN $TEVA $NUGT $CELG http://t.co/fRdHSNk7kg
Langan Stocks
18 Apr 15 01:04:15
$CAT Filings Updated Saturday, April 18, 2015 03:03:18 AM $PFE $ACT $NVAX $GERN http://t.co/2GcRbrbr1y
IH News Desk
18 Apr 15 00:39:08
$GERN Recent News Updated Saturday, April 18, 2015 03:11:11 AM $EWH $ECIGD $TQQQ $UCO http://t.co/voZnYvd5VF
Rosner Stocks
18 Apr 15 00:03:11
$CNC Stock Price Updated Saturday, April 18, 2015 01:59:20 AM $HAL $SMH $JJG $GERN http://t.co/R5gKefmipb
IH News Desk
17 Apr 15 23:38:43
$NHPI Recent News Updated Saturday, April 18, 2015 02:11:13 AM $GM $GERN $GWPH $BTU http://t.co/muOr9pIPoK
Breaking News
17 Apr 15 22:55:13
$GERN: Geron Sees Significant Drop in Short Interest (GERN): http://t.co/EVD3MCc93p
WKRB News
17 Apr 15 22:51:51
Geron Sees Significant Drop in Short Interest $GERN http://t.co/2wazpLtmJH
Rosner Stocks
17 Apr 15 22:01:43
$EEM Last Price Updated $GERN $FXI $MU $PMCB http://t.co/XZAV8MxoAi
PolgarStocks
17 Apr 15 22:01:17
$FEYE Filings Updated Friday, April 17, 2015 12:07:18 PM $SMN $V $TWTR $GERN http://t.co/YoGG9yhpom
IH News Desk
17 Apr 15 21:37:25
$GERN Percent Change Updated Friday, April 17, 2015 12:11:16 PM $WFC $CSCO $PCLN $AAPL http://t.co/Q4loRu3NGF
Langan Stocks
17 Apr 15 21:00:10
$IGRW Stock Message Board Updated Friday, April 17, 2015 11:03:17 PM $T $NFLX $GERN $TAN http://t.co/tBGIIa6v6U
PolgarStocks
17 Apr 15 19:59:39
$GERN Stock Message Board Updated Friday, April 17, 2015 10:07:20 PM $SVXY $UCO $GMCR $ECIGD http://t.co/IGUDgsmV5l
Langan Stocks
17 Apr 15 18:58:44
$CXDC Filings Updated Friday, April 17, 2015 9:03:22 PM $SLTD $EMC $XLV $GERN http://t.co/ZJuRMLlrzd
IH News Desk
17 Apr 15 18:36:23
$UUP Short Sales Updated Friday, April 17, 2015 9:11:15 PM $PPCH $DUST $CAT $GERN http://t.co/Nh95bHbJia
Small Cap Strategist
17 Apr 15 17:27:58
Most searched small-cap stocks, Fri Apr 17th - $SYN $TASR $TREX $GERN $IRDM $PAM $REPH $XXII - More: http://t.co/1znvSOIJVT - #smallcap
Rosner Stocks
17 Apr 15 16:57:35
$BTU Recent News Updated Friday, April 17, 2015 6:59:25 PM $GERN $IBM $UGAZ $COP http://t.co/B8krfWbpDm
PolgarStocks
17 Apr 15 16:56:08
$STX Company Info Updated Friday, April 17, 2015 7:07:19 PM $GERN $CSX $CELG $EBR http://t.co/RmpacqJ1Hq
Cory
17 Apr 15 14:25:44
Seriously love that $GERN buy today under 4.
Cory
17 Apr 15 14:24:26
Its all about the benjamins, and that means its all about $GERN
TinoTrader
17 Apr 15 12:57:17
Salto el Stop de $GERN en 3.97 fueron 27 ruedas para unq pérdida del 4.3%. Mala operación http://t.co/ssLK4Ujrqk
Cory
17 Apr 15 08:40:59
I just bought more $Gern at 3.98. Loading up.
Lauren Holmes
17 Apr 15 07:56:40
$FB $OCN $MNGA $GENE $ROSG $UGAZ $GERN Currently trading to long side. Read our ideas here http://t.co/huaLsH8iDZ
TinoTrader
17 Apr 15 07:43:12
$YPF se mantiene sobre el Stop planteado $369.5 0%. http://t.co/ePvn0XZUVc $GERN intentando hacer piso en los 4 usd. http://t.co/ssLK4Ujrqk
Big Mike
17 Apr 15 05:05:00
RT @8bitgenstein: @corymah I predict $IBB ETF algo trading will run up $GERN to upper $4s from now till end of May #wewillsee
Phil I am Not
17 Apr 15 04:35:47
RT @thelegacynewswi: Short Interest in Geron Drops By 7.9% $GERN http://t.co/bgGvEVcXEL
Cory
17 Apr 15 03:59:19
RT @8bitgenstein: @corymah I predict $IBB ETF algo trading will run up $GERN to upper $4s from now till end of May #wewillsee
				
				
By  +Follow December 6, 2013 12:50PM
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