Major Volume Explosion: Matrixx Initiatives, Inc. (MTXX)

Posted in General 
June 16th, 2009

Matrixx Initiatives, Inc. (NASDAQ: MTXX) has just seen a major volume explosion, but this is selling volume so far.  The company is part of a FDA WARNING LETTER over its Zicam products.  Shares are down 42% at $11.02 on more than 1.3 million shares as of 11:19 AM EST.  The 52-week trading range is $12.58 to $19.74. -Jon Ogg

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