Monday, August 31, 2009

SEQUENOM Crosses Full Day’s Volume (SQNM)

We ran a full detail of the activity in SEQUENOM, Inc. (NASDAQ: SQNM) of the rumors that are driving the stock this morning over at BioHealthInvestor.com.  And the volume is already at a full day’s volume after just oiver an hour…. At 10:58 AM EST we have seen 12.8 million shares trade hands on a 12.5% gain to $5.94.  Average volume here is only 10.4 million shares, and the 52-week trading range is $2.86 to $29.14.  CALL Options are trading through the roof in trading volume as well… We have already seen over 18,000 call option contracts trade hands for the SEPT-2009 expiration alone.  As with all stocks moving on rumors, you are on your own. -JON OGG


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