Exponential Volume Spike: CV THERAPEUTICS (CVTX)

Posted in General 
January 27th, 2009

CV Therapeutics, Inc. (NASDAQ: CVTX) is seeing a major surge in trading volume this morning.  The company’s partner, Astellas, has has sent a $16.00 buyout to the company and traders are betting that an even higher premium could be headed its way.  As 0f 8:53 AM EST we have seen a 50% pop to $17.00 and we have already seen some 2.65 million shares trade hands.

This is 3-times the daily trading volume, and the market isn’t even open.  FULL DETAILS are at 247WallSt.com.

JON OGG
January 27, 2009

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