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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.


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Results for GERN
DailyStockPicks
23 Oct 14 22:07:37
During this #Ebola outbreak, $GERN investors will also want to buy $SMED. They handle medical and hazardous waste http://t.co/vTV3wPBONo
Marc Hav FX
23 Oct 14 15:50:52
$GERN GERON CORPORATION (UPDATED 23OCTGERN2014) http://t.co/MsFv6WJGOd
Marc Hav
23 Oct 14 15:50:51
$GERN GERON CORPORATION (UPDATED 23OCTGERN2014) http://t.co/j1DOeRiiBS
Penny Stock Secret
23 Oct 14 14:31:54
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/AJZWTGD3tb .. $VTL $ALCS $GERN
A P
23 Oct 14 13:05:18
$GERN Why You Shouldn't Bet Against Geron Corporation (GERN) Stock http://t.co/kqzUPnBpDC #BiotechTraderHandbook--> http://t.co/0qUXjBVYVt
BlockTradeAlert
23 Oct 14 12:40:32
BLOCK TRADE (Microcap): $GERN 250,000 shares @ $2.20 [15:40:31]
WhiteCoatMafia
23 Oct 14 08:01:09
@WhiteCoatMafia The tape doesn't lie. Well, sometimes it does. But not today! $GERN http://t.co/0xvfEcIKPS
AricGoodman
23 Oct 14 07:50:19
Here she goes. Purr for me baby. $gern
WhiteCoatMafia
23 Oct 14 07:37:16
@WhiteCoatMafia Successful $GERN technical play, so far. If it holds we've got blue sky above till... http://t.co/hjnxBowQ5d
WhiteCoatMafia
23 Oct 14 06:42:13
$GERN repeatedly chipping away at $2.21 resistance.
Stock Relay
23 Oct 14 02:37:34
wininstocks2014: Stock Charts: GERN 2.15 Stock Charts $GERN Geron Corp. (NASDAQ) http://t.co/PTPtyHB96L
DailyStockPicks
22 Oct 14 22:22:44
Spectra7, a leading edge #virtualreality chip company. Revenue growth of 170%, margins 80%: http://t.co/s3Pai7Fx89 $KING $GILD $GERN $HEB
A P
22 Oct 14 14:07:41
$GERN Why You Shouldn't Bet Against Geron Corporation (GERN) Stock http://t.co/kqzUPnBpDC #BiotechTraderHandbook--> http://t.co/0qUXjBVYVt
WhiteCoatMafia
22 Oct 14 10:32:42
@WhiteCoatMafia In 106,200 shares $GERN @ $2.15 avg
Josh Alex
22 Oct 14 06:44:37
$GERN r/g
Josh Alex
22 Oct 14 05:35:03
RT @bkfViking123: $gern wedge watch list http://t.co/7DKPv8UjBr
Влад
21 Oct 14 20:03:50
RT @AndyBiotech: $STML New Study of SL-401(Anti-CD123 conjugate) in High Risk Myeloproliferative Neoplasms at Mayo Clinic http://t.co/TEXRn…
OhNo5000Bees!
21 Oct 14 15:45:59
Wed watch chart: $GERN, $VPCO, $ETAK, $ACCO, $ANH, $DCT, $DHX, $HT, $MFA, $MDXG
Andy Biotech
21 Oct 14 11:39:35
$STML New Study of SL-401(Anti-CD123 conjugate) in High Risk Myeloproliferative Neoplasms at Mayo Clinic http://t.co/TEXRnTAn8C $GERN $INCY
A P
21 Oct 14 11:33:15
Sector updates $GERN active at -1.38% #trading #BiotechTraderHandbook--> http://t.co/mslgnVx6Fu
Valeriu Crainic
21 Oct 14 03:45:50
Watchlist for today: $UPRO $GERN $AAPL
Bryon Franzen
21 Oct 14 03:32:12
$gern wedge watch list http://t.co/7DKPv8UjBr
Stocks News&Markets
20 Oct 14 22:20:33
Nate made $3,841 on $GERN -Check it out! http://t.co/2Cjh3YFt5l Learn #howtotrade http://t.co/axK8SMSgo9 $NRZ $SCOK $ESI $EDMC $SHLD
Joe
20 Oct 14 11:37:07
My top holdings are an ugly potpourri. But seems to be working? $enta $mnta $gern $cynaf $achn (closed today) $sds $pcyc
Josh Alex
20 Oct 14 06:40:48
$GERN :D
Colin Macleod
19 Oct 14 16:35:55
Plenty of Dark Clouds hitting the market Friday here are the ones to slap shorts on http://t.co/immvsA3P2A $CLDX $NCT $NNN $SRC $GERN
TickerChirp
18 Oct 14 14:54:03
The Most Popular Tweets About $GERN (GERON CORP symbol gern) on 10/18/2014 http://t.co/4eOmDw8xGk
Michael
17 Oct 14 16:41:03
@WhiteCoatMafia Adam, major stones to be 'all out' of $GERN even short term...
Mark Romero
17 Oct 14 08:36:18
$GERN Breaking down.
Mark Romero
17 Oct 14 06:15:00
$GERN On watch today.
equities.com
17 Oct 14 00:59:19
Geron Corp. (GERN) Jumps 6.28% on October 16 $GERN http://t.co/hPDUAlB0tl
OhNo5000Bees!
16 Oct 14 21:24:28
Fri watch: Momo: $IVAN, $ACI, $ANR, $NVAX Chart: $AGEN, $PTX, $RDNT, $ROX, $XNPT, $GERN
S Manian
16 Oct 14 18:28:19
RT @afmarko99: Looks like $GERN is working on a Bull Flag setup on the 6 month chart.
S Manian
16 Oct 14 18:28:17
RT @nixon786: $GERN dec / jan call active
nixon786
16 Oct 14 18:14:21
$GERN dec / jan call active
MAISA
16 Oct 14 13:12:03
$GERN overall option implied volatility of 134 is above its 26-week average of 106 according
Mark Romero
16 Oct 14 12:43:07
Looks like $GERN is working on a Bull Flag setup on the 6 month chart.
StockSpotter
16 Oct 14 11:18:55
$GERN up 4.8% to 2.17 bullish setup alert #stocks #options #markets http://t.co/8b1slJOZNw
WhiteCoatMafia
16 Oct 14 11:12:01
@WhiteCoatMafia Up $25,000 from yesterday's notice of a broad small cap rebound paired with the $GERN technical break upwards.
A P
16 Oct 14 09:42:06
Sector update: $GERN active at +3.43% #options #BiotechTraderHandbook--> http://t.co/QvDIRU65Zv
A P
16 Oct 14 09:40:06
Sector updates $GERN priced +3.86% # $IBB #BiotechTraderHandbook--> http://t.co/QvDIRU65Zv
Analyst Ratings
16 Oct 14 09:20:45
Want automatic email alerts for $EPIQ $GERN $SMP $HSOL $INUV? Subscribe to ARN Daily http://t.co/nSJuDsYidj
Myrollingstocks
16 Oct 14 06:56:06
We like this stock $GERN http://t.co/1Dsa0gAGxq
FonsieTrader
16 Oct 14 03:58:54
Parabolic Sar Buy Signals $ELX $EXEL $EZPW $FAF $FCEL $FLIR $GERN $GEVA $GOGO $GRMN $HALO $HILL $HL $IMPV $INFN http://t.co/TOJ0AWJnBx
FonsieTrader
16 Oct 14 03:56:19
Bullish MACD Crossovers $ACI $AMCC $AXLL $BLL $BTU $BWA $CERS $CLF $COH $CSX $ESV $GERN $GNRC $HL $HLSS $ICON $IRDW http://t.co/FwxJIrbKU6
OhNo5000Bees!
15 Oct 14 18:46:38
Thurs watch: Momo: $VSR, $MNKD, $JASO, $PTX, $GERN, $MDXG Chart: $QLYS, $ACI, $ARC, $AMCN, $ANGI, $SCLN Maybe: $OSUR, $CBMX
				
				
By  +Follow December 6, 2013 12:50PM
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