Free Research Reports on ARQL, BBY, CATM and DNDN Issued by the Bedford Report
Note to Editors: The Following Is an Investment Opinion Being Issued by the EQUITY NEWS CIRCUIT
NEW YORK, NY -- (Marketwire) -- 01/14/13 -- The Bedford Report has released new equity reports today. As a leading provider of free in depth reports and timely market updates, Bedford is an essential resource for hundreds of thousands of investors across the country.
ArQule, Inc. (NASDAQ: ARQL) is engaged in the research and development of cancer therapeutics. Shares of the company fell sharply Friday after reporting their lead drug candidate Tivantinib did not meet its primary endpoint in a recent Phase 2 trial.
Best Buy Co., Inc. (NYSE: BBY) shares of the electronics retailer soared over 16 percent on 4.5 times the average daily volume Friday. The company's holiday sales were driven by a strong performance in domestic sales which totaled $9.9 billion for the nine weeks ended January 5, 2013.
Cardtronics, Inc. (NASDAQ: CATM) shares surged 6 percent on nearly double the average daily volume Friday. Analysts J.P. Morgan have recently upgraded the company's rating from "neutral" to "overweight."
Dendreon Corporation (NASDAQ: DNDN) shares soared 21 percent on more six-times the average daily volume Friday. Sanford C. Bernstein & Co. analyst Geoffrey Porges recently raised his peak revenue forecast for Provenge, the company's prostate cancer drug, to $799 million by 2017, his previous forecast was $580 million.
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