Volume Spike Investor

Dendreon Corp. (NASDAQ: DNDN) is down after the company said it was raising cash.  It is selling 15 million shares of common stock through JPMorgan and Deutsche Bank.  This traded 198,000 shares last night in the after-hours and the stock fell 1.84% to $26.15 after a $26.64 close.  Volume is actually very thin this morning.  At 8:08 AM EST we have shares trading down only 0.9% at $26.38 on 8,000 shares as of 8:09 AM EST.  For whatever it is worth, the stock is currently under its 50-day moving average of $27.75.  $25.50 was very strong support in late-October and looks to be a longer-term pivot level.

Details of the offering are available at BioHealthInvestor.com.

JON C. OGG