Drug stocks show strength on volume (PFE)
Large drug stocks are testing four-month highs in early trading this morning, and are among the strongest stock groups. Most of the big names in the group including Pfizer (NYSE: PFE), Johnson & Johnson (NYSE: JNJ), Eli Lilly & Co. (NYSE: LLY) and Abbott Laboratories (NYSE: ABT) all are trading higher in the early going. One [...]
Exponential Volume Surge & Price Tank in Dynavax (DVAX)
Dynavax Technologies Corp. (NASDAQ: DVAX) is seeing its stock trading down some 75% as of 10:25 AM EST This morning. The company gave an update on an FDA clinical hold on its investigational vaccine HEPLISAV with partner Merck & Co. (NYSE: MRK), and as you can imagine it is looking rather grim. Here is a [...]
OPTIONS VOLUME SURGE: Merck & Schering-Plough (MRK, SGP)
Based upon the mixed to very cautious data on Merck & Co. (NYSE: MRK) and Schering-Plough (NYSE: SGP) study results today. Traders have now almost triple the normal volume in SGP and almost a full day’s trading volume in MRK. But the call options and put options activity for the current month data is starting [...]
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