Intrigue Over Conatus Pharmaceuticals’ (CNAT) Liver-Disease Drug; Jefferies Foresees Potential In Oclaro (OCLR)
Shares of Conatus Pharmaceuticals Inc. (Nasdaq:CNAT) climbed more than 10% in after-hours trading Monday as the biotechnology company said that four abstracts were accepted for presentation at the upcoming American Association for the Study of Liver Diseases (AASLD) annual meeting – November 11-15, 2016 – outlining clinical and preclinical data with its chronic liver disease drug Emricasan.
CNAT stock finished the regular session in negative territory by 2.00% (or -$0.04) at $1.96 with a total volume of 218,230 shares traded
Conatus Pharmaceuticals, which focuses on the development and commercialization of novel medicines to treat liver diseases, has 22.09M Shares Outstanding and CNAT stock 52-wek range is from $1.40 to $4.62 per share. At close on Monday, the company had a Market Capitalization of $43.07M
Oclaro, Inc. (Nasdaq:OCLR) shares surged to touch the $8.86 mark during Monday’s trading session after analysts at Jefferies initiated coverage on the company’s stock with a Buy rating and a price target of $11.25
OCLR stock closed at $8.72, up $0.17 (or +1.99%) and 3.20M of its shares changed hands during the day, representing a decrease in activity versus its average volume (3m) of 4.12M
Oclaro, a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets, has 162.94M Shares Outstanding, Market Capitalization (intraday) of $1.42B and OCLR stock one-year range is between $2.28 and $9.34 per share
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