Unusual Activity in Human Genome Sciences (HGSI)

Posted in pre-market 
August 4th, 2009

Human Genome Sciences, Inc. (NASDAQ: HGSI) is seeing unusual trading volume and price action this morning.  The genomics company was Raised to Buy at ThinkEquity.  We have shares up 4.2% at $14.85 on over 120,000 shares at 8:08 AM EST.  This one trades close to 10 million shares on an average day but it is rare to see this much activity.  It is perhaps because it has closed upon its previous public offering that brought in $385 million to the company. -JON OGG

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