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Hansen Medical, Inc. (NASDAQ: HNSN) shares surged 12.56 percent to close at $2.51 a share Tuesday. The stock traded between $2.38 and $2.89 on volume of 6.69 million shares traded. The company announced that it has received clearance from the FDA for its Magellan 6Fr Robotic Catheter for peripheral vascular interventions. Shares of Hansen Medical are up approximately 45.0 percent year-to-date.
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Mallinckrodt PLC (NYSE: MNK) shares spiked 11.60 percent to close at $66.19 a share Tuesday. The stock traded between $63.90 and $67.44 on volume 7.60 million shares traded. The company announced that it has acquired Cadence Pharmaceuticals, Inc. for $14.00 per share in cash or approximately $1.3 billion. Shares of Mallinckrodt are up approximately 26.0 percent year-to-date.
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Model N Inc. (NYSE: MODN) shares surged 18.71 percent to close at $12.18 a share Tuesday. The stock traded between $11.74 and $12.97 on volume of 1.22 million shares traded. The company reported non-GAAP diluted net loss per share was $(0.03) for the first quarter of fiscal 2014, topping analysts’ expectations of $(0.12). Shares of Model N are up approximately 3.0 percent year-to-date.
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Ocean Power Technologies Inc. (NASDAQ: OPTT) shares soared 53.58 percent to close at $3.53 a share Tuesday. The stock traded between $2.47 and $4.28 on volume 26.22 million shares traded. Lockheed Martin has signed a deal with Victorian Wave Partners Ltd., which is owned by OPT, to begin developing the world’s largest wave energy project. Shares of Ocean Power Technologies are up approximately 80.0 percent year-to-date.
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www.FiveStarEquities.com/OPTT
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