Cytogen Up: Institutions May Be Interested In Stock
The high trading volume and a number of block trades suggest institutions have gained interest in the stock. There have been 79 block trades of between 10,000 and 50,000 shares, four of between 50,000 and 100,000 shares, and one block trade of over 100,000 shares.
Investors are pleased by the rapidity with which Cytogen is building its database of protein interactions and are reassessing the company's value, said Wayne Hummer's Becker, who doesn't cover Cytogen for his firm, but publishes analyses on the company as the editor of the Beck On Biotech newsletter.
As reported Thursday, Cytogen is moving faster than the competition in the race to map protein interactions. snip..
Jim |
