Price/Volume Alert: DENDREON (DNDN)

Posted in General, pre-market 
June 5th, 2009

Dendreon Corporation (NASDAQ: DNDN) is trading up after it was started with a Buy rating and a $36.00 target at Deutsche Bank. Shares are already indicated higher with more than two hours to go before the opening bell.  After a $25.46 close on Thursday, shares are looking up around the $26.75 level.  We have only seen about 4,000 shares trade pre-market as of 7:42 AM EST, but we’d expect more trading once the NASDAQ levels start being seen.  Be advised, the 52-week range is $2.55 to $27.40 and yesterday’s closing bell price looks to be the highest close in the interim period.  FULL RESEARCH DETAILS available at -Jon Ogg

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