5 Sizzling Stocks Drawing Trader and Investor Attention

CREDO Petroleum Corporation (NASDAQ:CRED): Forestar (NYSE:FOR) has agreed to acquire Credo Petroleum for $24.50 per share, totaling $146M. The deal is expected to provide “meaningful” ownership and operation in various strategic oil and gas formations, which includes the Bakken and Three Forks. Shares of CREDO Petroleum Corporation are trading 31.77% higher today.

Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL): Following the announcement of positive top-line results in testing on the use of its Xiaflex drug as a treatment for Peyronie’s disease, the stock has moved up. Shares of Auxilium Pharmaceuticals, Inc. are trading 12.10% higher today.

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ImmunoGen, Inc. (NASDAQ:IMGN): After Roche (RHHBY) reported positive data for breast cancer treatment using Immunogen technology, Immunogen’s stocks rise. Roche reports that its T-DM1 reduced risks of disease progression or death in individual with a specific type of breast cancer by 35%. Immunogen states that T-DM1 is a drug combining Immunogen’s anti-cancer agent, DM1, and Roche’s antibody, transtuzumab. RBC Capital wrote that the trial’s results were “very impressive,” and expects these results to generate more interest among pharmaceutical investors and investors in Immunogen’s technology. On the other hand, the firm also mentions that Immogen is only slated to gain mid-single digit royalties from T-DM1. RBC reiterates its Outperform rating on Immunogen. Shares of ImmunoGen, Inc. are trading 1.15% higher today.

CONN’S, Inc. (NASDAQ:CONN): The company sees its FY SSS up mid  to high single digits as well as 5-7 new store openings. The company also sees retail gross margin between 32%-34%, and higher average selling prices in many, major product categories raised revenue. Retail segment gross margin has risen 320 bps to 33.7%, and the company sees same-store sales rising between mid and high single digits for FY13. This has increased EPS guidance to $1.30-$1.40. Shares of CONN’S, Inc. are trading 8.75% lower today.

AutoNation, Inc. (NYSE:AN): According to AutoNation, its retail new vehicle unit sales in May 2012 totaled 23,763, a 45% increase from last year. For May 2012, retail new vehicle unit sales were: 7,260 for Domestic, a 21% increase over the year, 12,300 for Import, a 78% increase over a year, and 4,203 for Premium Luxery, a 23% increase over a year. AutoNation is expected to report June 2012 retail new vehicle unit sales on July 5, 2012 and its Q2 earnings on July 19.Shares of AutoNation, Inc. are trading flat today.

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