Human Genome Sciences Inc. (NASDAQ: HGSI) was lower this morning and had been off our radar as a result after yesterday’s huge moves. Yet at 1:30 PM EST we have just hit the virtual double on average daily volume. Shares are up 8% at $27.34 on about 16.2 million shares versus and average volume of over 8 million shares. This one traded 13 million shares on each last Thursday and Friday ahead of the event, but yesterday’s volume was a whopping 41+ million shares for a 35% gain. We have also seen over 60,000 CALLS trade for NOV-2009 alone, which is 6 million shares on a fully leveraged basis. This is a fraction of yesterday’s volume but this yet another 52-week high today. Shares are at $27.48 and the intra-day high was $27.52. Yesterday’s high was a 52-week high as well, and that was at $26.21. For reference, that is a high back to early 2002.
JON C. OGG
No comments:
Post a Comment