These five stocks were some of the biggest gainers on Tuesday, with the stock market posting a big rally.
InterDigital (NASDAQ:IDCC) jumped 28% after it announced that it is exploring strategic alternatives. The company said that it initiated a process to explore and evaluate potential strategic alternatives for the company, which may include a sale or other transaction. Terry Clontz, Chairman of InterDigital’s Board of Directors, said “Over the past year we have seen the value of intellectual property rise substantially as major players in the mobile industry increasingly understand the strategic and economic value of this type of asset. As a result, the Board believes it is an appropriate time to explore potential strategic options that may enhance shareholder value.”
New Energy Systems Group (OTC:NEWN) climbed 71% after it introduced three new remote power Anytone models for tablets and mobile devices. New Energy's Anytone division successfully developed three new mobile power models for leading tablet manufacturers, including Apple (NASDAQ:AAPL), Samsung and Motorola (NYSE:MMI). Anytone's Model AT-006 "iPad Smart Power" is a light-weight, portal lithium ion battery charger that allows consumers to charge their iPad, iPod or iPhone wherever they are. The Anytone AT-006 attaches to the iPad SmartCover. The AT-006 comes with a USB cable for use with an iPod or iPhone.
Anytone also developed two other mobile power chargers for tablet PCs. The 8800D is designed specifically for Motorola's Xoom tablet and is the first mobile power device manufactured for the Xoom. The M700 is a high-capacity lithium-powered recharging device which houses two USB output ports to charge two devices at the same time. Available in black or white colors, the M700 can be used to charge the iPad, Xoom and Samsung's Galaxy tablet The M700 is the first mobile power charger in the market which can recharge different tablet PCs universally through transforming different voltages.
Clean Diesel Technologies (NASDAQ:CDTI) rose 9% after it was chosen as a catalyst supplier to Fisker Automotive. Clean Diesel is supplying catalysts utilizing its patented mixed phase catalyst (MPC) technology for the Karma, Fisker's new luxury sedan, which starts shipping to both European and U.S. retailers this month.
With a price range between $95,800 and $108,000, the Karma combines world-class style and performance with some of the lowest emissions among electric vehicles with extended range. According to Fisker, this is the world's first true Electric Vehicle with extended range. Clean Diesel commenced catalyst shipments to Fisker in the first quarter ended March 31, 2011.
Adventrx Pharmaceuticals (ANX) climbed 8% as its run-up toward its 9/1 PDUFA date for Exelbine (ANX-530) for non-small cell lung cancer continues. ANX-530 is the company’s proprietary emulsion formulation of vinorelbine. Vinorelbine is a vesicant and venous irritant, and these adverse effects can limit its tolerability. ANX-530 was designed to be bioequivalent to the reference drug while reducing the incidence and severity of vein irritation associated with intravenous delivery of the drug. In a clinical bioequivalence study, ANX-530 and the reference drug were determined to be bioequivalent.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.