We have found the following stocks had unusual volume spikes on Monday, January 09, 2012.
Brocade Communications Systems (NASDAQ:BRCD) had a 84.9% volume spike trading 35,607,848 shares. BRCD’s 30-day average volume is 5,372,960. Shares closed at $5.77 +6.46%. The Company is a supplier of networking equipment, including end-to-end Internet Protocol based Ethernet networking solutions and storage area networking solutions for and service providers such as telecommunication firms, cable operators.
Inhibitex (NASDAQ:INHX) had a 91.6% volume spike trading 34,552,976 shares. INHX’s 30-day average volume is 2,895,680. Shares closed at $23.70 +140.12%. Inhibitex, Inc. is a biopharmaceutical company focused on the development of differentiated anti-infective products to prevent or treat serious infections.
Netflix (NASDAQ:NFLX) had a 81.0% volume spike trading 30,535,560 shares. NFLX’s 30-day average volume is 5,806,990. Shares closed at $98.18 +13.78%. Netflix, Inc. is a provider of subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail.
Dendreon Corp. (NASDAQ:DNDN) had a 79.1% volume spike trading 28,500,396 shares. DNDN’s 30-day average volume is 5,956,000. Shares closed at $13.31 +7.77%. Dendreon Corporation is a biotechnology company focused on the discovery, development and commercialization of novel therapeutics that improve cancer treatment options for patients.
Idenix Pharmaceuticals (NASDAQ:IDIX) had a 93.6% volume spike trading 13,102,836 shares. IDIX’s 30-day average volume is 833,315. Shares closed at $9.66 +37.02%. Idenix Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases with operations in the United States and Europe.
Elan Corporation Plc (NYSE:ELN) had a 63.0% volume spike trading 9,430,100 shares. ELN’s 30-day average volume is 3,485,920. Shares closed at $13.88 +6.69%. Elan Corporation, PLC is a neuroscience-based biotechnology company, which operates its business in two areas BioNeurology and EDT.
Achillion Pharmaceuticals (NASDAQ:ACHN) had a 89.8% volume spike trading 6,037,600 shares. ACHN’s 30-day average volume is 614,194. Shares closed at $9.72 +22.73%. Achillion Pharmaceuticals, Inc. is a biopharmaceutical Company which focuses on the discovery, development and commercialization of innovative treatments for infectious diseases.
Vivus (NASDAQ:VVUS) had a 65.4% volume spike trading 5,194,970 shares. VVUS’s 30-day average volume is 1,798,160. Shares closed at $11.65 +14.67%. VIVUS, Inc. is engaged in the development and commercialization of therapeutic products for large underserved markets.
Fairchild Semiconductor International (NYSE:FCS) had a 73.1% volume spike trading 4,746,705 shares. FCS’s 30-day average volume is 1,276,860. Shares closed at $12.99 +6.56%. Fairchild Semiconductor International, Inc.is focused on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a range of end market customers.
Questcor Pharmaceuticals (NASDAQ:QCOR) had a 64.5% volume spike trading 3,537,648 shares. QCOR’s 30-day average volume is 1,256,640. Shares closed at $42.14 +8.19%. Questcor Pharmaceuticals Inc is a specialty pharmaceutical company, which is focused on providing prescription drugs for central nervous system (CNS) disorders.
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Post Written By: Alex Fredricks
Alex Fredricks has a degree in business and is an avid day-trader. Alex's experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.
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