Double Digit Gainers: RCMT Implements Stock Repurchase, CYCC Is Super Hot
February 5th, 2010Tags: biotechnology, cancer, CYCC, engineering, FDA, lung cancer, picks that move, RCMT, technology, Wall Street
RCM Technologies, Inc. (NASDAQ:RCMT) gained 12.00% to close at $2.80 and picked up from a low today of $2.86, on news the company’s Board of Directors have implemented a stock repurchase program for up to $7.5 million of RCTM’s outstanding common shares over the next 12 months. The stock repurchase program will be funded using the company’s working capital. Headquartered in Pennsauken, New Jersey, RCM Technologies, Inc. is an international technology company providing engineering services and IT division consulting. RCTM’s stock is bullish and trading well above its 90 day moving average of $2.49 and has gained 210% from a 52 week trading low in March when the stock was moving at around $0.91.
Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC) up 16.16% to close at $2.30 on no news; however the company will be participating at the upcoming 12th Annual BIO CEO & Investor Conference on Monday the 8th of February, and will provide an overview of key developments. In January the company’s lead drug candidate Seliciclib was reviewed by two medical journals and found be effective in killing lung cancer cells through induction of cancer cell suicide; which sent the stock surging 152%. Headquartered in Berkeley Heights, New Jersey, Cyclacel Pharmaceuticals, Inc., is a development-stage biopharmaceutical company which discovers, develops, and commercializes novel, mechanism-targeted drugs to treat human cancers and other serious illnesses. The company currently has 3 drug candidates in 7 clinical trial studies for the treatment of various cancers.
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