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Phoenix New Media Limited (NYSE: FENG) shares closed up 13.97 percent on about 3.8 million shares traded on Friday. The stock had a trading range of 9.65 - 10.38 that day and had one of the largest percentage increases on the NYSE. J.P. Morgan raised its Buy price target from $14 to $15.
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InVivo Therapeutics Holdings Corp. (OTC: NVIV) shares closed up 55.65 percent on Friday and traded about 2.1 million shares. The stock had one of the largest volume increases in the OTC market. The biomaterials company who has a focus on treatment of spinal cord injuries, confirmed that the company expects that the clinical trial of its first investigational product, a degradable polymer scaffold designed to promote healing following acute spinal cord injury, will be ready to enroll patients in the first quarter of 2014.
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Life Stem Genetics Inc. (OTCBB: LIFS) shares closed up a modest 4.64 percent on Friday, much like Thursday when it also closed up about 4 percent. The company announced Friday that its Regenerative Specialist, James Vanden Bosch,BHA, has been given the title and responsibility of Chief Medical Stem Cell Specialist at Life Stem Genetics. Mr. Vanden Bosch has been in healthcare for more than a decade and has performed thousands of stem cell treatments on patients. The stock hit a new 52-week high that day of $1.58 with volume traded at nearly 700,000 shares.
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Zynga, Inc. (NASDAQ: ZNGA) shares hit a new 52-week high of 4.12 last Friday on about 44 million shares traded, rough double what the stock usually sees. The stock closed modestly in the green with a gain of 2.81 percent. There was no significant news to drive the stock higher.
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