Volume Spike Investor

Sequenom Inc. (NASDAQ: SQNM) gave a dismal earnings report and its cash on hand may not be enough to get too far into 2010.  As of 10:09 AM EST we have seen 5.3 million shares trade hands and the stock is down over 14% at $5.20.  Its average volume is 10.4 million shares, so we have already seen half of a day’s volume after only 40 minutes of the official trading day.  Its 52-week range is $2.86 to $29.14.  There is also fairly active options activity with almost 3,000 contracts traded in the August calls over the various strike prices, and we have seen more than 3,000 contracts traded in the August put options over the available strike prices.

FULL DETAILS of the news and more news analysis is available at BioHealthInvestor.com.

-JON OGG