Why Anthem, Cigna, Fiat Chrysler, and Two Other Stocks Are Trending Today

Cerus Corporation Rises on Government Contract

Cerus Corporation (NASDAQ:CERS)’s shares are 9% higher in the morning after the company said it had won a contract with the Biomedical Advanced Research and Development Authority (BARDA). According to the terms of the contract, Cerus will receive initial funding of up to $30,750,939 to support research and other activities concerning a clinical trial to assess the efficacy and safety of INTERCEPT RBCs versus conventional RBCs in Puerto Rico, a region impacted by the Zika virus. The funding will also support activities that might facilitate Phase 3 clinical trials in the United States. The contract has a duration of five years and includes additional option periods that, if exercised, could bring the total funding opportunity to around $180 million over five years. Among the funds we track, 13 were long Cerus Corporation (NASDAQ:CERS) as of the end of March, up by three funds from the previous quarter.

Six Flags to Expand Internationally

Six Flags Entertainment Corp (NYSE:SIX) is over 2% in the green today after the company announced it will open theme parks in Saudi Arabia. Saudi Arabia is determined to pivot away from oil, and having more service companies such as Six Flags in the country is always good for diversification. Among the funds we track, 27 funds owned $1.2 billion worth of Six Flags Entertainment Corp (NYSE:SIX)’s stock, which accounted for 23.70% of the float on March 31, versus 28 funds and $1.18 billion, respectively, a quarter earlier.

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