Human Genome Sciences: Stock Prices on Crack

Take a look at HGSI on july 20th. I have never seen any stock price more then double itself, especially before half the day is over. Does anyone know why or how they may have achieved this? i didn't see any press releases related to it but if this were my company, or if i had invested in it, i would be jumping for joy rite about now.

www.google.com...:HGSI&client=news

link wont go directly to charts, but its easy enough to find

[edit on 20-7-2009 by Kevin_X2]

reply to post by Kevin_X2


Here you go .
New drug on the market.

Biotech drugmaker Human Genome Sciences reported positive results Monday for its experimental lupus drug, confounding analyst expectations and potentially clearing the way for the first new treatment against the inflammatory disease in a half century.

source

And in reference to your OP and stock prices .

The results sent Human Genome Sciences stock surging more than 200 percent Monday to $10.22, more than three times Friday's closing price of $3.32. The stock has ranged from 45 cents to $8 over the past year.

finance.yahoo.com...

It is estimated that there are 1.5 million sufferers of Lupus in the U.S.A .

ah, that would explain that i suppose

It's not unusual for a stock to jump 200% over news like this, especially when its in the $1-5 range. I've seen stocks shoot up from a few bux to $12-13 over news before.