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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

9/16/13

Perion Network Ltd. (PERI)

Perion Network traded in the red today, down 10.86% at $11.74. The consumer internet company saw its shares fall after investors were disappointed by the lack of premium in the merger with toolbar-developer Conduit Ltd.'s Client Connect business. Conduit shareholders will get 81 percent of the newly merged company while Perion shareholders will hold only 19 percent. Perion shares fell the most they have in three years, losing nearly $1.50 per share; however shares are still well above their 52-week low of $6.22.

Omeros Corporation (OMER)

Omeros Corporation skyrocketed today, up 68.17% at $8.56. The biopharmaceutical company saw its shares jump after news of an increased price target. Wedbush raised Omeros' price target to $28 from $18 following a conversation with a high-volume cataract surgeon on OMS302's potential use and the changing regulatory environment. The analyst believes increased costs for topical solutions and pressure from the FDA could result in increased use of OMS302 after expected FDA approval in the U.S. Shares of Omeros jumped nearly $3.50 today but are still below their 52-week high of $11.85.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.