Diamonds and Dogs
Transgenomic, Inc. (TBIO)
Transgenomic spiked sharply up 30.77% to $1.87 by mid-afternoon today, following the launch of a genetic test for the diagnosis of leukodystrophy, a grouping of rare brain conditions which combine to be fatal if not treated. The group of devastating diseases is difficult to diagnose and near impossible to treat. With Transgenomic's new diagnostic test, clinicians are now able to pinpoint the genetic source of the disorder earlier in the disease, providing a better platform to treat the patients. Though the company saw a surge in investment since their test's launch, TheStreet Ratings team rates Transgenomic as a Sell due to a handful of negative factors, which they believe outweigh their strengths.
Spirit Airlines, Inc. (SAVE)
Spirit Airlines flew low today down 4.62 points or 7.27% to 58.92. The Miramar Florida based company is known for their low cost flights and the only two-star airline in the country. The Spirit Airline motto is "Less money. More go." Analysts at both Morgan Stanley and Cowen Warn believe that due to a pricing war and fierce competition, Spirit Airlines will experience a near-term downside risk for the stock. Spirit Airlines focus on major cities in the southern part of the United States leading analysts to believe weather played a role in the recent slide of the stock.