GenVec (GNVC) Upside Motion Session; Takeover Battle for Affymetrix (AFFX)

GenVec_GNVC

Shares of GenVec, Inc. (Nasdaq:GNVC) soared $0.27 (or +36.99%) to $1.00 on Friday’s trading session. However, there appears to be no relevant information in the street that may explain this movement in the company’s stock

833,800 shares of the clinical-stage gene delivery company were traded during the day, representing a large increase in activity versus its average volume (3m) of 181,095

GenVec has 17.26M Shares Outstanding, Market Capitalization (intraday) of $17.26M and GNVC stock 52-week range is from $0.35 to $3.74 per share

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Affymetrix_AFFX

The price of Affymetrix Inc. (Nasdaq:AFFX) stock climbed $1.97 (or +14.05%) to $15.99 and 13,807,189 of its shares exchanged hands on Friday after Origin Technologies Corp. offered to acquire the company for $16.10 per share in cash. A couple months ago, scientific instruments maker Thermo Fisher Scientific Inc. (NYSE:TMO) agreed to buy Affymetrix for $14.00 per share in cash

Affymetrix posted full year 2015 revenue of $359.8 millionand non-GAAP net income of $33.7 million, or $0.42 per diluted share for the period

Affymetrix, which provides life science and molecular diagnostic products, has 80.54M Shares Outstanding, Market Capitalization (intraday) of $1.29B and AFFX stock one-year range is between $8.28 and $16.15 per share

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