Halozyme DROPS After Drug Rejection and 4 Hot Stocks Making the Rounds

Halozyme Therapeutics, Inc. (NASDAQ:HALO): An immune deficiency medication from Halozyme and Baxter International Inc. (NYSE:BAX) has been given the thumbs-down by American regulators who also put a stop to another clinical trial involving Halozyme’s therapy. Halozyme fell as much as 56 percent in extended trading Wednesday following a prior decline of 5.1 percent to close at $8.56 in New York. Halozyme shares are trading 49.12 percent lower today.

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Wizzard Software Corporation (NYSEAMEX:WZE), maker of speech recognition software, was notably tossed about due to a trading glitch that tore through the New York Stock Exchange yesterday. Due to technology issues at trading firm Knight Capital Group Inc., Wizzard witnessed its composite trading volume rise to more than eight times its 50-day average of a little less than 53,000 shares. The stock closed at $3.50 on Tuesday. But due to a large volume of orders, prices climbed in just minutes, up from an opening price of $3.60 to $14.76, the stock’s highest price since December 2008. Shares of Wizzard Software are trading 0.71 percent higher today.

Yelp Inc (NYSE:YELP) shares climbed up to 12 percent following the site’s report of second-quarter sales that were higher than analysts’ estimates due to expansion into new areas helping to grow its user base. Revenue rose 67 percent to $32.7 million, according to a statement by the San Francisco-based company yesterday, over the average analyst prediction of $30.5 million compiled by Bloomberg. The net loss was $1.98 million, or 3 cents per share. On average, analysts were predicting a loss of 5 cents. Yelp shares are trading higher by 20.03 percent today.

Freescale Semiconductor Ltd (NYSE:FSL): The automobile market has seen a resurgence thanks to a number of engineering innovations from suppliers like STMicroelectronics, alongside competitors Freescale Semiconductor and Japan’s Renesas Electronics. Among the breakthroughs in testing or production are technologies to assist in reducing carbon dioxide emissions, better fuel efficiency and novel passenger safety features. Freescale shares are trading 1.67 percent lower today.

Ellie Mae Inc (NYSE:ELLI) surpassed expectations on revenues and beat predictions on earnings per share for its second quarter (ended June 30). Compared to the prior-year quarter, revenue was up notably and GAAP earnings per share were better. Margins improved across the board. Ellie Mae shares are trading 9.46 percent higher today.

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