Clovis Higher In Sympathy With Tesaro

Clovis Oncology Inc CLVS shares are trading higher by $2.15 at $14.50 in Wednesday's session. The battered biotech is moving off in sympathy with huge move higher in Tesaro Inc.

After a higher open, it dipped to $13.89 before rallying to $15.89. That marks the highest level for the issue since it peaked on June 9 at $15.89. Since making that high, it has drifted back.

The issue peaked back in September at $116.75 and fell all the way to $11.57 earlier this month.