On Thursday, Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN)’s shares inclined 2.34% to $184.01.
Traders are betting that Alexion Pharmaceuticals, Inc. (ALXN) will rally by the end of next week.
About 2,000 June 165 calls were purchased for $1.42 to $1.94 yesterday, according to optionMONSTER’s Heat Seeker tracking program. This represents fresh buying, as open interest in the strike was only 195 contracts before the session began.
These long calls lock in the price where investors can buy the stock through expiration in seven sessions, letting them position for a rally at limited cost. They carry less risk than owning shares because the most that can be lost is the price of the options no matter how far the stock might fall. (See our Education section)
The drug maker gapped down in early May on news that it would buy Synageva BioPharma. Shares rebounded but then lost those gains and have been trading sideways in an extremely tight range for the last week.
Alexion Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes life-transforming therapeutic products. It offers Soliris (eculizumab), a therapeutic product to treat paroxysmal nocturnal hemoglobinuria (PNH), a genetic blood disorder; and atypical hemolytic uremic syndrome (aHUS), a genetic disease. The company also conducts Phase IV clinical trials on Soliris for the treatment of PNH and aHUS registry; Phase III clinical trials for the treatment of delayed kidney transplant graft function and myasthenia gravis; and Phase II clinical trials for the treatment of antibody mediated rejection in presensitized kidney transplant patients and neuromyelitis optica.
Synergy Resources Corp (NYSEMKT:SYRG)’s shares dropped -0.33% to $12.26.
Synergy Resources Corporation(KT: SYRG) a U.S. oil and gas exploration and production company focused in the Denver-Julesburg Basin, has set a range for its fiscal year 2016 capital expenditures of $250-$300 million and offered an update on its drilling and completion activities in the Wattenberg Field.
Operations Update
Synergy’s Chief Operating Officer, Craig Rasmuson added, “We remain active as we enter our 2015 fiscal fourth quarter. We are presently concluding the eight well Geis pad and expect the wells to be on line in July. Four of the Geis wells will be accomplished using Halliburton’s Access Biovert Frac design, while the other four wells will utilize hybrid gel and slickwater designs. All eight Geis wells will be accomplished utilizing sliding sleeves. Completion activities on the eleven well Cannon pad are planned to start next week with production anticipated to start by late July. Additionally, completion plans for our Wiedeman pad are being finalized pending a contract related to the remediation of an existing offset vertical well within the spacing unit owned by a third party.”
Synergy Resources Corporation engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin in northeast Colorado. It holds interests in the Wattenberg field covering about 31,000 net developed and undeveloped acres located in Colorado; and Northern Extension area covering about 26,000 undeveloped acres.
At the end of Thursday’s trade, Advent Software, Inc. (NASDAQ:ADVS)‘s shares surged 1.42% to $44.18.
Advent Software, Inc. (ADVS) a leading provider of software and services for the global investment administration industry, recently declared that the United States Department of Justice (“DOJ”) cleared the projected acquisition of Advent by SS&C Technology Holdings, Inc. (“SS&C”), terminating the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”). The clearance follows the issuance of a Second Request by the DOJ, which occurred on April 23, 2015. Subject to the satisfaction of other closing conditions, Advent anticipates the closing of the transaction to occur in the third quarter of 2015.
Advent Software, Inc. provides software products and services worldwide. The company offers its products and services for automating and integrating data and work flows across the investment administration organization, in addition to between the investment administration organization and external parties. It develops, markets, and sells software products, software-as-a-service hosting services, data interfaces, and related maintenance and services that automate, integrate, and support various mission-critical functions of investment administration organizations.
Anadarko Petroleum Corporation (NYSE:APC), ended its Thursday’s trading session with -0.17% loss, and closed at $82.89.
Anadarko Petroleum Corporation (APC) accomplished its formerly declared public offering and sale of 8,000,000 7.50% tangible equity units (the “Units”) at a public offering price of $50.00 per Unit, following a Terms Agreement, dated as of June 4, 2015 (counting the Underwriting Agreement (Standard Provisions) incorporated therein, the “Terms Agreement”), among the Company, Western Gas Equity Partners, LP (“WGP”), Western Gas Equity Holdings, LLC and J.P. Morgan Securities LLC, as representative of the other underwriters named therein. Following the Terms Agreement, the Company has also granted the underwriters a 30-day option to purchase up to an additional 1,200,000 Units at the same price.
The sale of the Units was made following the Company’s Registration Statement on Form S-3, as amended (Registration No. 333-192219), counting a prospectus supplement dated June 4, 2015 (the “Prospectus Supplement”) to the prospectus contained therein dated June 3, 2015, filed by the Company with the Securities and Exchange Commission, following Rule 424(b)(5) under the Securities Act of 1933, as amended.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate, and natural gas liquids (NGLs).
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