Midatech Pharma (MTP) Upward Volatile Move; Carl Icahn Sees Opportunity in Herbalife (HLF)


Midatech Pharma PLC (Nasdaq:MTP) stock climbed 17.96% (or +$0.67) to $4.40 with a total volume of 56,148 shares traded on Friday, representing more than 10 times its average volume (3m) of 4,976. However, there seems to be no particular recent news from the company that may explain this movement in the stock

The international specialty pharmaceutical company said a couple weeks ago that it expects for the first six months of the year revenues to increase over 10 times to £3.80 million versus revenues of £0.32 million for the same period 2015

Midatech Pharma, which focuses on the development and commercialization of target therapies for various diseases with unmet needs, has 16.77M Shares Outstanding, Market Capitalization (intraday) of $73.63M and MTP stock 52-week range is from $2.62 to $8.09 per share



Shares of Herbalife Ltd. (NYSE:HLF) surged more than 4% in after-hours trading Friday as billionaire activist investor Carl Icahn said that he bought another 2.3 million shares of the company

HLF stock finished the regular session in negative territory by 2.31% (or -$1.43) at $60.50 and 9,975,567 of its shares changed hands during the day

Herbalife, which develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, has 92.80M Shares Outstanding and HLF stock one-year range is between $42.26 and $72.22 per share. At close on Friday, the company had a Market Capitalization of $5.62B


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