MIAMI, FL / ACCESSWIRE / April 26, 2016 / Top Nasdaq Stocks is issuing a report on four stocks to watch. OGXI, LPTN, UPL, and CPLP have been added to our watch list today. Continue reading to find out why. - To get daily alerts on top stocks on the Nasdaq/NYSE subscribe to our newsletter at TopNasdaqStocks.com.
OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) is a biopharmaceutical company committed to the development and commercialization of new therapies that address treatment resistance in cancer patients. OGXI's Custirsen is currently in Phase 3 clinical development as a treatment in men with metastatic castrate-resistant prostate cancer and in patients with advanced, unresectable non-small cell lung cancer. Its Apatorsen is in Phase 2 clinical development and OGX-225 is currently in pre-clinical development. Since Thursday April 21 the stock has seen a large increase in price and a large increase in volume since Monday April 25. From a low of $0.73 on Thursday, shares of OGXI have gone up by as much as 89%.
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Lpath Inc. (NASDAQ: LPTN) announced last week the completion of its Phase 1 double-blind, placebo-controlled, single ascending dose study to evaluate the safety, tolerability, immunogenicity and pharmacokinetics of Lpathomab™ in healthy volunteers. Since making the announcement, shares of LPTN have increased by as much as 91%.
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Ultra Petroleum Corp. (NYSE: UPL) has a market cap of just over $70million and has seen an increase in price during late morning trading on Tuesday April 26. The oil and gas stock moved up from a low of $0.43 to highs of $0.4678 before the lunch hour. The company is an independent oil and gas company, engaged in the acquisition, exploration, development, operation, and production of oil and natural gas properties.
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Capital Product Partners L.P. (NASDAQ: CPLP) saw a large drop in price just before the opening bell on Tuesday morning (4/26). Following the open, however, shares of CPLP saw a rebound in price by as much as 19% just before the lunch hour. The international diversified shipping partnership released its financial results for the first quarter ended March 31, 2016 and announced distributions on the Partnership's common and Class B units. Included in the results was the Partnership's net income for the quarter ended March 31, 2016, which was $12.1 million. Furthermore, total revenues for the first quarter of 2016 reached $58.0 million compared to $48.9 million during the first quarter of 2015, corresponding to an increase of 19%.
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Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor's or other person's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. Top Nasdaq Stocks has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding CPLP, UPL, OGXI, or LPTN in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plans," "should," "potential," "forecast," and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company's actual results could differ materially from those described in any forward-looking statements contained herein. Top Nasdaq Stocks is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visit http://topnasdaqstocks.com/index.php/disclaimer/ website for a more detailed discussion of risks and disclosures.
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