In pharmaceutical news, Oxigene (OXGN) a biopharmaceutical company that specializes in coming up with treatments for cancer, is having a strong trading day. The company is currently trading up 12.48% at $5.23. The uptick in the stock comes on the heels of the company announcing positive clinical trial results for its upcoming treatment OXi4503 which will be used to treat leukemia.
In technology news, Stratasys Inc. (SSYS) is a technology firm that focuses on the manufacturing of three-dimensional printing and 3D production systems for office-based prototyping. The company's stock is currently trading up 4.73% at $78.76. The uptick in the stock comes on the heels of what has been a very robust growth year for the company. Stratasys Inc. (SSYS)is coming off of a third quarter that saw a net profit margin of 10.42% and an operating margin of 18.32%.
In retail news, Barnes and Noble (BKS) is seeing modest but positive gains in trading. The company is currently trading up 5.51% at $15.14. The stock's rise comes after what has been good news for the firm. Earlier today it was announced that Pearson, parent company of Penguin Publishing will be investing $89.5 million into Barnes and Noble's (BKS) Nook Media unit. News of this move sent the stock trading up as many see it as a strategic partnership that can strengthen the company's technology. Barnes and Noble (BKS) is a national bookseller that operates 1,338 bookstores in 50 states.
In information technology, Advanced Micro Devices (AMD) is trading slightly lower today in trading Friday. The company which is a global semiconductor that creates microprocessors is trading down 3.77% at $2.30. The company's downturn in stock comes a mere two days before the release of the firm's newest product, an FX 8300 central processing unit. The firm is coming off of a third quarter that saw a net profit margin loss of 12.37% and an operating margin loss of 10.32%. Advanced Micro Devices (AMD) is based out of Sunnyvale, California.
In wireless news, Ruckus Wireless (RKUS) is having a strong day of trading. The company which unveiled its initial public offering earlier in the year is currently up 5.42% at $23.16. The firm has raised 50% since its IPO release. Many analysts expect the firm's earnings to rise close to $.47 per share going forward. Ruckus Wireless (RKUS) is a provider of wi-fi solutions for enterprises and network solutions. The firm is coming off of a third quarter that saw a net profit margin of 9.32%.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.