Odd Volume Spike: Neurogen (NRGN)

Posted in General 
May 27th, 2009

Neurogen Corp. (NASDAQ: NRGN) has suddenly popped up 13% to over $0.217.  Unfortunately this is trader-pop which may just be from chat rooms rather than anything solid.  We have sees 826K shares trade hands as of 12:41 PM EST. Average volume is 571K shares. At this price, there has only been a face value of less than $250,000 shares…..  -JON OGG

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