Aastrom Biosciences (ASTM) Names a President/CEO

Aastrom Biosciences (ASTM) had a good day today (02013.03.06) closing at $1.29. ASTM was up 7.5 on volume that was 2.6 times the trailing-3-month average. I didn't see any news; however, after the market closed, Aastrom announced they had hired their new President/CEO. Dominick C. Colangelo, Esq. replaces Aastrom's interim CEO. Naming a new CEO removes some degree of uncertainty for the company and that might help ASTM over the short term.