BioCryst Pharmaceuticals (BCRX) One Of Today's Top Losers After Pricing Offering
Posted: Friday, November 20, 2009 2:37 PM EDT
BioCryst Pharmaceuticals (BCRX) leads the list of top losers so far today and is now at $9.72, down $0.68 (-6.54%) on volume of 4,947,233 shares traded. Last night BCRX priced an offering of common stock at $9.75. Over the last 52 weeks the stock has ranged from a low of $.85 to a high of $13.47. BioCryst Pharmaceuticals stock has been showing support around $9.97 and resistance in the $10.97 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for BCRX. If you are looking for a hedged play on BCRX the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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