Health and Healthcare
Dendreon A Double Already? (DNDN)
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If you read 24/WallSt.com’s "Ten Stocks That Could Double in 2008" from us, you saw that Dendreon (NASDAQ:DNDN) is on that list. We weren’t expecting a 22% pop in shares this fast. We’d like to take credit for that pop, although the real credit belongs to CNBC’s Mike Huckman who reported that Congressmen are probing the recent failed approval process in the FDA over the review and over conflicts of interest.
We have been looking for something like this to come up, although the day-after time period was not what we were thinking.
Dendreon regularly is screened for our weekly "10 Stocks Under $10" newsletter. Shares are now up 25% at $7.03 on almost 20 million shares and options trading activity has gone through the roof today.
Jon C. Ogg
December 13, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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