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Investor Ideas Snapshot: NASDAQ Morning Movers; (OMPI), (GEVO), (STRS), (DGICA)(March 20, 2013)
Investor Ideas Snapshot: NASDAQ Morning Movers; (OMPI), (GEVO), (STRS), (DGICA)
Visit: Obagi Medical Products Inc.
Point Roberts, WA - March 20, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for March 20th, 2013.
Obagi Medical Products Inc., (NASDAQ:OMPI) trading at $19.69 gained $4.30 or 27.94% on a high volume of 11,215,123 shares, making it today's top "morning mover" on the NASDAQ.
Acquisitive Canadian drugmaker Valeant Pharmaceuticals International announced earlier today that it's buying skin-cream maker Obagi Medical Products for $344 million, sending both shares up in the stock market this morning.
Obagi is best known for Nu-Derm, a topical prescription treatment for wrinkles and skin blotches. The company also sells products that complement injections of dermal fillers and botulinum toxins, which Valeant recently acquired with its $2.6 billion buyout of Medicis, maker of products like Restylane and Dysport.
Gevo Inc., (NASDAQ:GEVO) trading at $2.26 rose up $0.20 or 9.76% on a volume of 3,330,480 shares.
Gevo Inc., a U.S. biofuel producer, partly prevailed in its bid for a federal court ruling that it doesn't infringe on a Butamax Advanced Biofuels LLC patent for a method to commercially produce isobutanol.
U.S. District Judge Sue Robinson in Wilmington, Delaware, today ruled that "as a matter of law," Gevo doesn't infringe Butamax's patent under the so-called doctrine of equivalents. The judge agreed with Gevo that the difference between its method and Butamax's wasn't insubstantial as Butamax argued. The judge declined to rule that there's no infringement at all, rejecting requests from both companies to resolve the dispute without a trial.
Gevo, Inc. also announced yesterday that it has expanded its executive team to include Dr. Stephen P. Toon as its Executive Vice President of Operations and Process Development. In his new role at Gevo, Dr. Toon will report to Christopher Ryan, Ph.D., President, Chief Operating Officer, and Chief Technology Officer, and will have overall responsibility for Gevo`s Luverne, Minn. facility from startup through to commercial operation.
Steve is a veteran of many new technology startups. He brings together a rare combination of expertise, combining industrial fermentation, plant startups, and operations.
Donegal Group Inc., (NASDAQ:DGICA) trading at $16.08 showed a gain of $1.42 or 9.69% on a volume of 109,189 shares.
Donegal Group Inc. announced that the Company will hold a live webcast on Wednesday, April 17, 2013, beginning at 11:00am Eastern Time. At that time, the Company will discuss its results for the first quarter ended March 31, 2013. The Company will release its quarterly results on this same date prior to the opening of regular trading on the NASDAQ Stock Market.
You may listen to the webcast by accessing the event link in the Investors area of Donegal Group's website (www.donegalgroup.com).
Stratus Properties Inc., (NASDAQ:STRS) trading at $16.00 moved up $1.50 or 10.34% on a volume of 4,300 shares.
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