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Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) is amongst the top volume gainers and jumped up 4.01% to $27.98 on massive volume of 1.41 million shares. The stock has a 52-week range of $10.40-$40.20. Today Onyx Pharmaceuticals announced that it has signed a definitive agreement to acquire Proteolix, Inc., a privately held biopharmaceutical company focused on discovering and developing novel therapies that target the proteasome for the treatment of hematological malignancies and solid tumors. Under the terms of the transaction, Onyx will make a $276 million cash payment upon closing of the transaction. Onyx Pharmaceuticals, Inc. (Onyx) is a biopharmaceutical company engaged in developing therapies that target the molecular mechanisms that cause cancer. With the Company’s collaborators, the Company is developing anticancer therapies.
Ciena Corporation (NASDAQ:CIEN) spurted 5.45% to $13.54 on massive volume of 2.79 million shares on no news. The stock has a 52-week range of $4.98-$16.64. Till date in this calendar year the stock has rallied 114%. Ciena Corporation is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video, and data traffic. The Company’s optical service delivery and carrier Ethernet service delivery products are used individually, or as part of an integrated solution, in communications networks operated by service providers, cable operators, governments and enterprises around the globe.
GMX Resources Inc. (NASDAQ:GMXR) notched up 8.99% to $16.98 on huge volume of 397k shares on no news. The stock has a 52-week range of $5.57-$41.60. So far in the last six months the stock has rallied over 143%. GMX Resources Inc. is an independent oil and natural gas exploration and production company. The Company is focused on the development of unconventional Haynesville/Bossier Shale and Cotton Valley Sands in the Sabine Uplift of the Carthage, North Field of Harrison and Panola counties of East Texas (core area).
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