Diamonds and Dogs
Lexicon Pharmaceuticals, Inc. (LXRX)
Lexicon Pharmaceuticals' stock is running up over 50% today after announcing that its experimental drug showed promising results from its late-stage trial. The biopharmaceutical company has struggled in the past with clinical products, so today's news means this could be a potential turning point for the company. Now, Lexicon is filing an application with the FDA and is hoping for approval in 2016. Investors will be watching closely as the company looks to make a turnaround.
Linn Energy (LINE)
How much more of a beating can Linn Energy take? The oil and gas company has been a dog candidate for the last three days, and it has lost over 45% in value. Today, the stock is down 18% after RBC Capital Markets downgraded the stock from "Outperform" to "Sector Perform." Linn Energy has seen four downgrades within the last week, and has been absolutely crushed by investors. This makes us wonder if tomorrow could be a big day for the company, or another big loss.