Stocks In News (AEGR, LLY, KO, TSLA, THLD)

Aegerion Pharmaceuticals Inc (NASDAQ:AEGR)surged up 6.07% to $18.51.According to report fromReuters, U.S. drug reviewers were positive on Aegerion Pharmaceuticals's experimental drug for lipid disorder and said it showed a greater reduction in bad cholesterol as compared with statins. The FDA said an approval of the drug would require a risk evaluation and mitigation strategy to ensure that the benefits of lomitapide outweigh the risk of serious liver injury.

Eli Lilly & Co (NYSE:LLY) went up 0.61% to $52.85.Eli Lilly & Co was upgraded from market perform rating to outperform rating in a research report. Recently, r the company said that trials on a drug for treating stomach cancer had met the goals of improved patient survival and progression-free survival in a late-stage study that compared it to a dummy treatment.

The company said in a statement that the most common side effects for the medicine, ramucirumab, were high blood pressure, diarrhoea and headache.

The drug was tested in patients with gastric cancer that had spread to other parts of the body.

The Coca-Cola Company(NYSE:KO) soared 0.18% to $38.20 on a traded volume of 189k shares.Coca-Cola Hellenic Bottling SA intends to move its main stock listing from Athens to London as Greece’s largest company by market value flees the epicenter of Europe’s debt crisis.Coca-Cola Hellenic Bottling SA isthe world’s second-largest Coca-Cola bottler.The move will make it eligible for inclusion in the benchmark FTSE 100 Index.

Tesla Motors Inc(NASDAQ:TSLA) went up 0.37% to $27.43. The Company has received a $10 million grant from California to buy assembly equipment and add 500 workers to build a rechargeable sport-utility vehicle in the state.

Threshold Pharmaceuticals Inc (NASDAQ:THLD) surged up 9.33% to $5.74 on a traded volume of 54k shares.The U.S. Food and Drug Administration reached agreement with a Threshold partner covering a special protocol assessment for a Phase 3 trial of TH-302. This will allow the Companies to push forward the study of the pancreatic cancer drug.TH-302 is a potential treatment of metastatic or locally advanced unresectable pancreatic cancer

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Sprint Nextel Corporation (NYSE:S) Gapped Up On Report - S, TSLA, CLWR, LEAP

Sprint Nextel Corporation (NYSE:S) shares gained 13.69% to $5.72 in the morning hour and made a new high of $5.98. As per reports from Reuters, Softbank Corp is in talks to buy a majority stake in Sprint Nextel for more than 1 trillion yen ($12.8 billion). Softbank said reports about the talks were based on speculation and it had no comment. Sprint declined to comment.

Additionally, the company is holding off on an immediate counterbid for MetroPCS Communications Inc(NYSE:PCS) to gain time to scrutinize the carrier’s planned combination with T-Mobile USA Inc.

The news is severely impacting two other stocks- MetroPCS Communications Inc(NYSE:PCS) slumped 6.50%, while Clearwire Corporation(NASDAQ:CLWR) soared 30% as Sprint holds 49% of struggling the company.

Tesla Motors Inc(NASDAQ:TSLA) stock increased 0.53% to $28.55. Tesla Motors‘stock had its “buy” rating reconfirmed by research analysts at Jefferies Group in a report released this week.

Additionally, the company received a $10 million grant from California to buy assembly equipment and add 500 workers to build a rechargeable sport-utility vehicle in the state.

Leap Wireless International, Inc.(NASDAQ:LEAP) shares climbed 0.71% to $5.96 in the early hour after the company announced the syndication and closing of the previously announced $400 million senior secured term loan facility for its wholly-owned subsidiary, Cricket Communications. Net proceeds from the term loan facility will be used to redeem all of Cricket's $300 million in aggregate principal amount of outstanding 10% Senior Notes due 2015 and for general corporate purposes. Leap also announced that Cricket today issued a notice of redemption to redeem all of its 2015 Notes in accordance with the indenture governing the 2015 Notes.

Additionally, Leap Wireless stock was upgraded by investment analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a note issued to investors today.

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Tesla Motors Plunges On Outlook (WLP, UDRL, KORS, TSLA, CHRW)

Following are the notable movers in the opening session on Tuesday:-

WellPoint, Inc.(NYSE:WLP) shares has been the subject of a number of research report. Leerink Swann reaffirmed their market perform rating on shares of WellPoint in a research note released on Sept. 19. Additionally, analysts at Jefferies Group reiterated a hold rating on shares of WellPoint in a research note to investors last week. They now have a $60.00 price target on the stock

Union Drilling, Inc.(NASDAQ:UDRL) shares climbed 5.87% to $6.49 after UDRL and Sidewinder Drilling Inc. announced that the two companies have entered into a definitive agreement and plan of merger pursuant to which Sidewinder will acquire all of the outstanding shares of Union Drilling common stock in an all-cash tender offer valued at approximately $242 million. Under the terms of the agreement and plan of merger, which has been unanimously approved by Union Drilling's Board of Directors, Sidewinder's acquisition subsidiary, Fastball Acquisition, Inc., will commence a cash tender offer to purchase all of the outstanding shares of Union Drilling for $6.50 per share.

Will UDRL Continue To Move Higher? Find Out Here

Additionally, UDRL stock was downgraded by analysts at BMO Capital Markets from an outperform rating to a market perform rating. They currently have $7.00 price target on the stock, up from their previous price target of $6.00.

Michael Kors Holdings Ltd(NYSE:KORS) shares fell 0.31% to $54.38 after the company announced the pricing of the secondary offering of 23,000,000 ordinary shares by certain selling shareholders at a price of $53.00 per share. In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 3,450,000 ordinary shares. The secondary offering is expected to close on or about September 28, 2012.

Tesla Motors Inc(NASDAQ:TSLA) shares declined 9.07% to $27.91 in pre-market hour after the company said it now expects 2012 revenue of $400 million - $440 million, owing to a drop in the number of Model S vehicles it plans to deliver in 2012.

Will TSLA Rebound After Today’s Slump? Get Free Trend Analysis Here

Further, the company foresee that third-quarter revenue would range between $44 million and $46 million, reflecting lower deliveries of Model S as well as the deferral of revenue associated with development services.

C.H. Robinson Worldwide, Inc.(NASDAQ:CHRW) announced that it has reached a stock purchase agreement to acquire Phoenix International, Inc. (Phoenix) for $571.5 million in cash and approximately $63.5 million in newly-issued C.H. Robinson stock. The agreement is subject to certain customary closing conditions, including regulatory approval. Closing of the acquisition is expected to occur in the fourth quarter of 2012.

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