Dendreon Exponential Price and Volume Surge (DNDN)

Posted in General, Options, pre-market 
April 14th, 2009

Dendreon Corporation (NASDAQ: DNDN) is screaming higher this morning.  The company stock is up some 240% at $24.59 after closing at $7.30 before getting halted last night.  Its prior 52-week trading range was $2.55 to $10.00.  At 9:07 AM EST we have already seen 2.6 million shares trade hands and the average volume here is only 3.5 million shares.

PROVENGE is going to be re-submitted in Q4 and it will present detailed data on April 28 noting that it met its pre-fined targets. Details Here from 24/7 Wall St.

Watch the options volume today because there were over 100,000 contracts listed as being in the open interest in the calls for April and May expiration.  That is over 10 million shares in additional volume if you use a fully-leveraged basis.

Jon C. Ogg

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