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Biotech / Medical : Immunomedics (IMMU)

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To: erickerickson who wrote (254)2/17/2000 5:46:00 PM
From: Gustav G. Widmayer  Read Replies (1) of 371
 
Today's burst up to $40 is mysterious to me given that the news announcement told of private placement on 2,325,000 shares for $37.2 Million, or $16 per share. Any insight would be appreciated. The stock did settle back down to $30 by the close.
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