Tianyin Exponential Volume Alert on Chinese FDA (TPI)
Posted in General, pre-marketAugust 13th, 2009
Tianyin Pharmaceutical Co. (NYSE/AMEX: TPI) was cleared by the Chinese State Food and Drug Administration to make generic forms of medicines to treat internal bleeding and respiratory conditions. This is a $64 million market cap before the gains and has already doubled in 2009. As of 9:22 AM EST, we have shares up 20% at $4.20 but they were up as much as 35%. The impressive part of the move is the volume of 227,000 shares, as the average volume in a single day is $only 160,000. This does mark new 52-week highs as the 52-week trading range was $0.68 to $3.60. -JON C. OGG
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