Volume Spike Investor » United Therapeutics http://vsinvestor.com Investing in stocks based on short term spikes in volume Sat, 05 Nov 2011 14:20:15 +0000 en hourly 1 http://wordpress.org/?v=3.2 Price/Volume Tank Alert: United Therapeutics (UTHR) http://vsinvestor.com/2008/11/pricevolume-tank-alert-united-therapeutics-uthr.html http://vsinvestor.com/2008/11/pricevolume-tank-alert-united-therapeutics-uthr.html#comments Mon, 17 Nov 2008 14:32:52 +0000 247admin http://www.vsinvestor.com/?p=387 United Therapeutics (NASDAQ: UTHR) is down sharply this morning on news that the company’s pulmonary arterial hypertension product failed to meet its primary objectives.  The company did say this will merit ongoing studies and Eli Lilly (NYSE: LLY) has licensed the rights to UTHR for $150 million in an equity stake.

UTHR is trading down sharply on active volume this morning.  As of 8:34 AM EST we have seen over 400,000 shares trade hands, and the last print was down a sharp 29% at $63.70.

Average volume on a normal day is about 660,000 shares, so it is likely that we will see an average day’s worth of trading volume occur even before the opening bell.  This is a new 52-week low as teh prior 52-week trading range was $72.55 to $117.82.

JON OGG
NOV. 17, 2008

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