Home » Press Releases

Drug Stocks Alert on Medtronic, Inc., Delcath Systems, Inc., Geron Corporation, Merck & Co., Inc.

Posted by admin 1004 days ago (http://emailwire.com)

(EMAILWIRE.COM, August 25, 2010 ) New York, NY -Medtronic, Inc. (NYSE:MDT) plunged 10.80% to $31.21 on over 37.36 million shares after it created its new 52-week low of $30.85. The medical device maker issued a quarterly sales report that fell short of Wall Street expectations. Medtronic said that its fiscal first-quarter revenue fell 4% to $3.77 billion. According to a poll by Thomson Reuters, analysts had been expecting $3.96 billion. Medtronic also lowered its financial forecast. The company now sees its full-year earnings coming in between $3.40 to $3.48 a share, down from its previous forecast of $3.45 to $3.55. To sign in for Epic Stock Picks free (stock alerts), please visit http://www.epicstockpicks.com Delcath Systems, Inc. (NASDAQ:DCTH) lost 6.79% to $5.63 on over 1.84 million shares. Today, 1.84 million shares have been traded. In the past one year of trading sessions, the stock went up more than 82%. Delcath Systems, Inc. is a development-stage company that has developed a system designed to administer high dose chemotherapy and other therapeutic agents to diseased organs or regions of the body. Geron Corporation (NASDAQ:GERN) went down 5.38% to $4.75, a day after D.C. federal judge Royce temporarily blocked the federal government from funding research involving human embryonic stem cells. Over the past 52-weeks, the stock traded within the range of $4.37-$7.51. Today, 1.55 million shares as compared to its daily average volume of 1.23 million shares. Merck & Co., Inc. (NYSE:MRK) fell 1.52% to $34.44 on 11.27 million shares. So far, the market capitalization of the stock stands at $107.39 billion. So far this year, the stock went down more than 7%. Merck & Co., Inc. is a global health care company that delivers health solutions through its medicines, vaccines, biologic therapies, and consumer and animal products, which it markets directly and through its joint ventures. ABOUT http://www.epicstockpicks.com Epic Stock Picks provides free Penny stock newsletters on various stocks including penny stocks of the day. EpicStockPicks.com team of experts delve into the micro and small-cap world of stocks, including big board pennies, searching for equities that are undervalued, yet show great promise of future growth. EpicStockPicks.com will not be responsible for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. http://www.EpicStockPicks.com does its best to verify, but does not guarantee the topicality, correctness, completeness and quality of information and statements presented on its website and emails. EpicStockPicks.com s company officers are not registered investment advisors and do not recommend to buy, hold, or sell any securities. EpicStockPicks.com simply provides information and ideas to investors as they gather investment information. The onus is on viewers to complete their own due diligence. EpicStockPicks.com viewers should always make their own financial decisions. ### Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/press_release_distribution_lists.php . epicstockpicks Editor 732-229-0668 epicstockpicks@gmail.comSource: EmailWire.Com