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Top Healthcare Stocks - NASDAQ: PODD, WMGI, EXEL
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Insulet Corporation (NASDAQ:PODD)
zoomed 7.86% to $11.12 on an unusual massive volume of 2.07 million shares
after it announced the pricing of its public offering of 6,000,000 shares of
common stock at $10.25 per share. The Company has granted the underwriters an
option to purchase up to an additional 900,000 shares of common stock to cover
any over-allotments. The Company expects to use the net proceeds of this
offering for general corporate purposes, which may include the repayment of
certain outstanding debt obligations.
Wright Medical Group, Inc. (NASDAQ:WMGI)
surged 9.87% to $16.92 with a huge volume of 615k shares. Yesterday it posted a
flat quarterly profit that was above market estimates and raised the lower end
of its sales and profit targets for the full year. Net income for the third
quarter remained unchanged at $4.2 million, or 11 cents a share, from last year.
Excluding items, but including stock-based compensation expenses, the company
earned 13 cents per share. On that basis, analysts on average had expected
earnings of 9 cents per share, according to Thomson Reuters I/B/E/S. Net sales
for the quarter rose 6 percent to $117.7 million, compared with analysts'
estimates of $112.9 million.
Exelixis, Inc. (NASDAQ:EXEL)
rallied 9.63% to $6.26 on a high volume of 449k shares. Today it reported
financial results for the third quarter ended
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