Stock Market Champs..........10-30-06
American Power Conversion Corp. (APCC)
Last Trade: | 29.88 |
Trade Time: | 12:13PM ET |
Change: | ![]() |
Shares of American Power Conversion jumped more than 26 percent before the bell on Monday after French electrical engineering company Schneider Electric said it had agreed to buy the U.S.-based electrical systems maker.
American Power shares rose to $30 in electronic trade, up from a Friday close of $23.76 on the Nasdaq.
Point Therapeutics Inc. (POTP)Last Trade: | 1.47 |
Trade Time: | 12:15PM ET |
Change: | ![]() |
POTP shares jumped 22% to $1.53 in Monday morning trade after the Boston-based biopharmaceutical company said new data in an osteosarcoma model demonstrated that mice treated with talabostat, the company's lead product candidate, had a four-fold decrease in the number of primary tumors compared to saline treatment. In a separate experiment, the company said mice treated with talabostat had a 20-fold decrease in the number of metastatic lung nodules. The studies were presented at the annual meeting of the International Society for Biological Therapy of Cancer Development in Los Angeles.
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