Vericel (VCEL) closed today (02016.03.10) at $3.95, up 86.32%. Prior to the market opening the company issued a press having the headline:
Vericel Announces Positive Top-Line Results From Phase 2b ixCELL-DCM Clinical Trial of Ixmyelocel-T in Patients With Heart Failure Due to Ischemic Dilated Cardiomyopathy.
Previous close was $2.12. VCEL opened at $3.95 and hit an intra-day high of $4.90 (up 131%) before closing at $3.95. Volume was 29.8 million vs. 49,403.
About the volume... There are ~23.8 million VCEL shares and the float is ~15.3M. Today's volume was 29.8 million (i.e almost 2-times the float).
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