Downward Volume Surge: Invitrogen (IVGN, ABI)
Invitrogen Corp. (NASDAQ: IVGN) is seeing a surge in trading volume this morning, and the reason is a $6.7 Billion acquisition of Applera’s Applied Biosystems Group (NYSE: ABI).
We have already seen over 650,000 shares trade hands at 9:20 AM EST and the average daily volume is 1.3 million shares.
Shares are down right around $39.00 pre-market, [...]
Pre-Market Volume/Price Surge: China Medical Tech
China Medical Technologies Inc. (NASDAQ: CMED) is seeing a surge in pre-market trading this Thursday morning. The company’s earnings report is the culprit. With about 40 minutes to go before the open, we have seen 95,000 shares trade hands and the market is putting shares above $38.00 and $39.00. The close yesterday [...]
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