52-Week High/Volume Surge: Amgen (AMGN)

Posted in General, pre-market 
July 28th, 2008

The most active stock in pre-market trading is Amgen Inc. (NASDAQ: AMGN) after the company released its positive data on its osteoporosis treatment that Wall Street was awaiting.

This stock is surging to new 52-week highs and getting out from under a very large shadow since it has had almost nothing but problems since 2006.

Amgen has seen more than 4.7 million shares trade hands (9:04 AM) today with shares up at $61.60.  Its prior 52-week high was $59.08.  After this news was released late Friday after the close, we saw shares trade over 2.66 million after the close and the last after-hours print Friday was $61.60.

It’s probably a safe bet that with Amgen posting earnings today and with a such a gap up top 52-week highs we’ll be expecting Amgen stock options to be among the most active.

Jon Ogg
July 28, 2008

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