Because this is a Friday ahead of a 3-day weekend and because this is Labor Day, the “volume spikes” and the relative trading will be more muted than most trading days. We have the five top stories here with more detailed trading volume and price analysis in the links over at VSInvestor.com:
Array BioPharma Inc. (NASDAQ: ARRY) was hit hard on poor drug study data in its rheumatoid arthritis treatment.
Human Genome Sciences Inc. (NASDAQ: HGSI) is up 4% and not even on takeover rumors.
Matrixx Initiatives Inc. (NASDAQ: MTXX) is up 10% on a stock tout over options trading.
Novellus Systems, Inc. (NASDAQ: NVLS) is trading up 4% on stronger than previously disclosed orders.
Fannie Mae (NYSE: FNM) is now up 9% after regaining NYSE listing satisfaction on the $1.00 rule.
You can join our open email distribution list which goes out several times per week if you wish to be notified by email when the top day trader alerts hit, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.
Have a great Labor Day and enjoy your 3-day weekend!
JON C. OGG
SEPTEMBER 4, 2009