Tuesday, July 2, 2013

Illumina (ILMN) Has a Pi Filled Day

Illumina (ILMN) was downgraded today by an investment firm. For the day (02013.07.02), ILMN closed at $73.44, down 3.71%. ILMN intra-day low was $72.68. During the day ILMN was down both $3.14 per and down 3.14%.

I have a good-till-cancel order to sell some ILMN at 25 $Pi ($78.54). I thought there was a chance the sale would have happened today because yesterday ILMN hit a new 52-week high $77.14. Too bad the investment firm couldn't have waited a few days to issue their downgrade. From Forbes.com: "Piper Jaffray downgraded Illumina (ILMN) from overweight to neutral on valuation and applied a $70 target price."

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