VIVUS, Inc. (NASDAQ: VVUS)
VVUS is having a great day in the market today as it crushes its normal trading volume. According to NASDAQ, VIVUS generally trades with a volume of 2,890,690 shares per day (the average over the past 50 days). However, so far today (12:44), 3,329,556 shares have traded hands. As a result, VVUS is currently trading at $1.75 per share after a gain of 8.70%. During my research on the stock, I wasn’t able to find much by way of a fundamental reason for the gains. However, the stock has been rallying recently and that’s likely to get investors excited. Therefore, it’s my opinion that investor excitement is the reason for today’s gains.
AEterna Zentaris Inc. (NASDAQ: AEZS)
Another stock that is trading on high relative volume today is Aeterna Zentaris. According to NASDAQ, AEZS has a 50-day average trading volume of 10,628,763 shares. However today, 42,326,917 shares have traded hands so far (12:50). As a result of the high volume, AEZS is currently trading at $0.10 per share after a gain of 92.32% so far today. While there was little by the way of strong fundamental data on the stock today, there is one factor that I believe to be pushing the stock up. Before the climb, the stock reached a crucial support level at $0.05 per share. As a result, technical traders hopped on the boat, causing movement upward. Following the upward movement, investors got excited leading to more gains.
Do You Know Of Any Others?
Do you know of any other stocks that are trading up on high volume today? If so, let us know in the comments below!
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