Sepracor Volume Goes Exponential (SEPR)

Posted in pre-market 
September 3rd, 2009

Sepracor, Inc. (NASDAQ: SEPR) has already crossed its average daily volume by twice the number of shares… The company is being acquired for $2.6 billion by Dainippon Sumitomo.  This sent shares rifling higher yesterday before the stock was halted at $22.80.  Shares are trading at $22.83 in pre-market trading as of 8:45 AM EST but volume is over 4.7 million shares.  Average volume is 2.5 million shares.  This hit a 52-week high of $23.57 yesterday before being halted at $22.90.  Thursday is set to be an exponential trading volume day at Sepracor, and it traded 16 million shares on Wednesday. -JON OGG

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