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  • Stocks Popular Among Traders | IMGN | PAR | ARST |

    Nextel Communications, Inc.
    Saturday Aug 28th, 2010 at 08:15 pm EST
    Popular Stocks among Investors - IMGN, PAR, ARST
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    IMGN - ImmunoGen, Inc. (NASDAQ:IMGN)
    ImmunoGen Inc. (IMGN) said on Friday that Roche unit Genetech received a letter from the FDA denying accelerated approval for trastuzmab-DM1 which is a drug for breast cancer treatment. Immunogen has the drug in partnership with Genentech. Immunogen shares fell 39% on Friday. It will be a good buy at low on Monday if you can hold it for years.

    PAR- 3PAR Inc. (NYSE:PAR)
    3PAR Inc. (PAR) confirmed Late Friday that they have accepted HP's offer of $30 per share, putting an end to the bidding war. Dell was notified that HP's offer was superior to Dell's $27 per share bid. The 3PAR board voted to immediately terminate the deal with Dell and enter into an agreeement with HP, according to a 3PAR statement.
    ARST- ArcSight Inc. (NASDAQ:ARST)
    Shares of ArcSight Inc.(NASDAQ:ARST)gained 8% on Friday after a report in the Wall Street Journal said that ArcSight may get sold very soon. The deal can go upto $1.5 billion or more if a bidding war starts as the one that happened for 3PAR Inc.(PAR).

    Related Articles
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    2) CEO Buys BAC Shares
    3) Citigroup - No. 1 Corporate Credit Card Issuer

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