Acorda Volume Goes Exponential Before Market Open (ACOR)

Posted in pre-market 
October 15th, 2009

Acorda Therapeutics, Inc. (NASDAQ: ACOR) is getting some of its lost mojo back.  The company’s fampridine-SR for multiple sclerosis was given a favorable FDA panel review yesterday in a 12-1 vote in support of a future marketing approval for the drug.  The stock was halted yesterday and FDA comments last week battered the stock.  This morning we have a 54% gain to $25.90 after Tuesday’s $16.74 close.  As of 8:46 AM EST we have seen a whopping 1.7 million shares trade hands, making this already an exponential volume alert versus 800,000 on average and the market is not even officially yet open.

OCTOBER 15, 2009

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