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  • Stocks in Focus on Friday | RA | SLGN | CYTX | ONXX |

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    Friday Oct. 8, 2010, 08:00 am EST
     
    Stocks in Focus Today 10/08/10 - RA, SLGN, CYTX, ONXX
     
    Dear Traders,
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    Hot Stocks to Watch Friday 10/08/2010  are
    RA- RailAmerica, Inc.
    SLGN- Silgan Holdings Inc.
    CYTX- Cytori Therapeutics Inc.
    ONXX- Onyx Pharmaceuticals, Inc.


    RA - RailAmerica, Inc.(NYSE:RA)
    RailAmerica, Inc. (NYSE:RA) reported on Thursday after market close that its total freight carloads for the month ended September 30 increased 8.0% compared to September 2009 due to major increase in Metals and Coal shipments. These results include the Ottawa Valley Railway (OVRR) operation.
     
    SLGN-Silgan Holdings Inc.(NASDAQ:SLGN)
    Silgan Holdings Inc. (SLGN) announced after market close on Thursday its intention to purchase up to $175 million of its common stock through a modified Dutch Auction tender offer. Silgan intends to commence the tender offer on or about October 8, 2010. Silgan also announced that it has entered into a Stock Purchase Agreement with Messrs. R. Philip Silver and D. Greg Horrigan, Silgan’s two largest stockholders and the Non-Executive Co-Chairmen of its Board of Directors. Stock price of a Company usually gains on stock repurchase.

    CYTX- Cytori Therapeutics Inc.(NASDAQ:CYTX)
    Cytori Therapeutics, Inc. (CYTX) announced that it intends to offer and sell shares of its common stock in an underwritten public offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Public Offering of Shares usually results in reduction of current share price.
     

    ONXX- Onyx Pharmaceuticals, Inc.(NASDAQ:ONXX)
    Onyx Pharmaceuticals said that it will delay filing for FDA approval of its blood-cancer drug carfilzomib after a recent meeting with an agency division. The delay came after FDA's request for additional information on variations the company found in the temperature control of the equipment used to manufacture the drug. Onyx Shares dropped 8% in after hours.

     

    God Bless,
    Be Rich.


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