Ista (ISTA) (CRYP) (DEER) (WOLF) (CALL) (SIFY) Biggest NASDAQ Gainers

Ista Pharmaceuticals Inc. (ISTA), Cryptologic Limited (CRYP), Deer Consumer Products, Inc. (DEER), Great Wolf Resorts, Inc. (WOLF), VocalTec Communications Ltd (CALL) and Sify Technologies (SIFY) were the biggest gainers on the NASDAQ, Friday, December 16.

Ista Pharmaceuticals Inc. (ISTA) ended the day up 70.69 percent, closing at $6.64. They traded in a range of $5.93 to $6.95. A total of 5,189,661 shares changed hands.

Cryptologic Limited (CRYP) ended the day up 42.41 percent, closing at $2.25. They traded in a range of $2.04 of $2.30. A total of 1,137,998 shares changed hands.

Deer Consumer Products, Inc. (DEER) ended the day up 23.89 percent, closing at $5.03. They traded in a range of $4.15 of $5.10. A total of 212,997 shares changed hands.

Great Wolf Resorts, Inc. (WOLF) ended the day up 16.96 percent, closing at $2.69. They traded in a range of $2.36 to $2.71. A total of 176,038 shares changed hands.

VocalTec Communications Ltd (CALL) ended the day up 16.24 percent, closing at $23.55. They traded in a range of $22.32 to $24.25. A total of 505,237 shares changed hands.

Sify Technologies (SIFY) ended the day up 15.53 percent, closing at $4.39. They traded in a range of $3.70 to $4.42. A total of 1,027,123 shares changed hands.

Ista (ISTA) (HAE) (WM) (MMI) (LYG) (CTCT) Downgraded

Ista Pharmaceuticals Inc (NASDAQ: ISTA), Haemonetics Co. (NYSE: HAE), Waste Management Inc (NYSE: WM), Motorola Mobility (NYSE: MMI), Lloyds TSB Group plc (NYSE: LYG) and Constant Contact (NASDAQ: CTCT) downgraded by analysts.

Haemonetics Co. (HAE) was downgraded by Morgan Keegan from an “Outperform” rating to a “Market Perform” rating. They have a price target of $76.00 on the company.

Waste Management Inc. (WM) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.

Motorola Mobility (MMI) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.

Ista Pharmaceuticals Inc. (ISTA) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

Lloyds TSB Group (LYG) was downgraded by RBS from a “Buy” rating to a “Hold” rating.

Constant Contact (CTCT) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating. They have a price target of $24.00 on the company, down from $28.00.

Coverage On (AAPL) (BAC) (C) (GS) (ISTA) Initiated by Analysts

Analysts have initiated coverage on Apple, Inc (NASDAQ: AAPL), Bank of America (NYSE: BAC), Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Ista Pharmaceuticals Inc (NASDAQ: ISTA).

Oppenheimer initiated coverage on Apple, Inc (AAPL). They placed an “outperform” rating and a price target of $450.00 on the company.

UBS AG (NYSE:UBS) initiated coverage on Bank of America (BAC). They placed a “neutral” rating and a price target of $13.50 on the company.

UBS AG initiated coverage on Citigroup (C). They placed a “buy” rating and a price target of $5.60 on the company.

UBS AG initiated coverage on Goldman Sachs (GS). They placed a “buy” rating and a price target of $200.00 on the company.

RBC Capital initiated coverage on Ista Pharmaceuticals Inc (ISTA). They placed an “outperform” rating and a price target of $15.00 on the company.