Price/Volume Surge: Sepracor (SEPR)

Posted in General 
January 29th, 2009

Sepracor, Inc. (NASDAQ: SEPR) is surging pre-market on its earnings news. The R&D-based respiratory and nervous system drug company posted positive earnings and gave favorable guidance for 2009.  The company is also cutting 20% of its workforce or some 530 jobs to trim its operating cost structure ahead.

Shares are up over 10% at $15.00 on almost 350,000 shares as of 9:14 AM EST.  This one trades about 1.5 million shares per day, and we’d expect to see the average volume be reached with in the first hour or two of the trading day.

52-week range is $9.83 to $30.00.

Jon C. Ogg
January 29, 2009

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