Stocks to Watch: ONXX, BAC, IDCC & More
Take a look at some of Monday's midday movers:
Onyx Pharmaceuticals moved lower after federal health regulators said the toxic side effects of the company’s experimental cancer drug may outweigh its benefits. An FDA panel on Wednesday will recommend whether the drug should be approved or not.
Bank of America traded slightly lower after CNBC’s Kate Kelly reported that the bank is likely to sell its overseas wealth unit to Julius Baer for between $1.5 and $2 billion.
Interdigital soared after it agreed to a $375 million patent deal with Intel.
AK Steel lost ground after it projected lower than expected second quarter profits. US Steel, ArcelorMittal and Market Vectors Steel ETF were also lower.
Spanish banks, including Banco Santander, Telefonica, Repsol were all sharply lower as investors turned their attention away from Greece and toward Spain’s financial problems.
Barnes and Noble traded wildly on rumors that Microsoft’s announcement of a tablet today could be a co-branded product with the company’s nook tablet. But Barnes and Noble later denied that rumor.
Buckeye Technologies fell after the specialty fiber maker temporarily shut its Florida plant after a machine failure.
Rosetta Genomics and Osiris Therapeutics both gained ground on a possible short squeeze.
InterOil also moved higher as developments in its Papua New Guinea project took a turn for the better.
Homebuilders including Lennar, DR Horton, KB Homes, Pulte and Toll Brothers climbed after the NAHB/Wells Fargo Housing Market rose to its highest level in five years.
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