3 Unusual Volume Movers: Advaxis Inc. (ADXS), Silicon Image Inc. (SIMG), And Exelixis Inc. (EXEL)
New York, NY – GDP INSIDER – 01/29/2015.
Advaxis, Inc. (NASDAQ:ADXS) traded a whopping 4.23 million shares yesterday, way above its average daily volume of 1.94 million shares. The clinical-stage biotech traded in the range of $9.10 low and $11.08 high. ADXS, opened the session at $10.86and plunged 7.38% to end the session at $9.16. Afterhours trading was also characterized by losses as the stock dropped another $0.07 to take a final bow yesterday at $9.09.
Yesterday’s closing price put ADXS 7% below its 20-Day SMA, 33.33% below 52-week high, but the stock remained 272.36% above its 52-week low.
Silicon Image, Inc. (NASDAQ:SIMG) witnessed about 6.59 million shares exchanging hands yesterday, way above its average daily volume of 2.04 million. The day saw shares of the connectivity solutions company trading between a session low of $7.26 and a high of $7.29. The stock opened yesterday’s session at $7.28 and closed at the same price, having declined 0.14% compared with the previous day’s closing price.
Yesterday’s closing price put SIMG 0.68% below its 52-week high and 77.56% above its 52-week low.
The massive trading in the stock of SIMG yesterday was triggered by acquisition news. Lattice Semiconductor (NASDAQ:LSCC) offered to buyout SIMG for $7.30 a share. The offer values the SIMG at about $600 million. The company closed yesterday’s session with a market cap of $565.87 million.
Exelixis, Inc. (NASDAQ:EXEL)’s trading yesterday was characterized by a larger volume than usual. About 13.48 million shares exchanged hands compared to the average daily volume of 2.73 million shares. The biotech company traded in the range of $1.79 and $2.08 and managed to gain 14.61% to end the session at $2.04. EXEL opened the session at $1.79. Afterhours trading brought in more gains, as EXEL added another $0.04 to take a final bow at $2.08.
Excitement in the stock of EXEL can be attributed to the recent news about the company extending a distribution agreement for its cancer targeted drug, Cometriq, in Europe.
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