A Look At 5 Stocks Which Are Trending On Wednesday

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Lannett Company, Inc. (NYSEAMEX:LCI) has surged by 17.14% on the back of bullish guidance. The company now expects revenue of between $690 million and $700 million, while net income is predicted to be in the range of $78.5 million and $90 million for the company’s fiscal year 2017. During the fourth quarter of its fiscal year 2016, Lannett reported revenue of $168.9 million, topping estimates by $7.35 million, while EPS stood at $0.73 , beating the consensus mark by $0.14. Hedge funds cut some of their positions in Lannett Company, Inc. (NYSEAMEX:LCI) during the second quarter, as only 12 were long the stock on June 30, down from 17 on March 31.

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Uranium Resources, Inc. (NASDAQ:URRE) has moved up sharply today, by more than 24%, after the company acquired its first lithium property in Nevada, which is spread across 4,600 acres. The potential target area is situated in the Columbus Salt Marsh area of West-Central Nevada and is known as the Nina Project. Shares of the company were not held by any of the investors in our system as of June 30.

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PDC Energy Inc (NASDAQ:PDCE) has entered into an agreement to acquire two privately-held Delaware Basin companies from Kimmeridge Energy Management Company for an estimated $1.5 billion. PDC Energy Inc (NASDAQ:PDCE) will get 57,000 acres in Reeves and Culberson Counties in the Basin, with working interest of 93%. The field currently produces 7,000 barrels of oil per day from 21 horizontal wells with two more to be added in the near future. 17 hedge funds that we track had long position in the company at the end of the second quarter.

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