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Pfizer shares down three cents and standing at $18.58 at the close of Wednesday's regular trading session, lost an additional two cents in after-hours trading.
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Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) is trading sharply higher this morning as traders continue to chase biotechs with low prices and low market caps on news. The company announced that the FDA accepted the filing of its Supplemental New Drug Application for review of H.P. Acthar Gel for treatment of infantile spasms; FDA has set the PDUFA review date of June 11, 2010 for this. Shares are up 27% at $5.50 at 8:35 AM EST on 104,000 shares in the pre-market hours. Average volume is about 600,000 shares per day, and the 52-week trading range is $3.10 to $9.63.
JON OGG
Research In Motion Ltd. (NASDAQ: RIMM) is trading lower this Wednesday morning. The company said late Tuesday that its technicians were working to resolve e-mail messaging delays and restore normal service on its Blackberry in North and South America. The problem is not that happened, because it has happened before and will happen again. The problem is that this is its second ‘technical issue’ in less than a week. At 8:57 AM EST shares are down 0.7% at $66.70 on over 310,000 shares traded. This is also after it had a major run on its earnings. R-I-M’s 52-week trading range is $35.05 to $88.08.
JON C. OGG