NEW YORK, NY – October 22, 2012 - - Millennial Media Inc (NYSE:MM) increased 2.92% to $15.16 on a traded volume of 341k shares.The Companyand some selling shareholders plan to sell a combined 10 million shares in a secondary offering as the company also raised its third-quarter guidance amid increased demand for its services. The financial terms of the offer weren't provided in the company's filing with the Securities and Exchange Commission.
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Talisman Energy Inc (USA)(NYSE:TLM) decreased 2.90% to $12.74 on a traded volume of 3.28 million shares.Canaccord Genuity lowered the rating on the stock from buy to hold. The firm has a $14.75 price target on the stock.The Company is a global, diversified, upstream oil and gas company.
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Orexigen Therapeutics Inc (NASDAQ:OREX) declined 1.3% to $6.07 on a traded volume of 2.34 million shares. The Company has received a response to a formal dispute resolution request from the United States Food and Drug Administration's Center for Drug Evaluation and Research. The response indicates that CDER highly supports further discussions regarding a faster path to resubmission of the Contrave New Drug Application.
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Stereotaxis Inc (NASDAQ:STXS) among the top gainers and the stock soared 69.92% to $2.09.Recently, the Company announced that for the second consecutive quarter it has secured orders from hospitals looking to advance robotic research and support procedure growth through installation of a second Niobe ES system.
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Cascade Corporation(NYSE:CASC) augmented 17.86% to $64.92.Toyota Industries Corporation will acquire 100% of the shares of Cascade for $65 per share in cash in a transaction valued at $759 million pursuant to a tender offer. The purchase price represents a 23% premium over Cascade's volume-weighted average share price for the 60 days ending October 19, 2012. The transaction has been unanimously approved by the Boards of Directors of both TICO and Cascade.The transaction is expected to close by the end of calendar year 2012.
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