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Market Overview

Can You Guess This Chart?

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Think you know the markets? See if you can guess this stock by the chart and clue below.

  • This pharmaceuticals company, which focuses on a specific disease, announced a secondary offering of 3.75 million shares Thursday morning, despite reports of weak investor demand
  • A former executive at this company was charged with insider trading ahead of a drug data release in September
  • Sympathy plays include Cascadian Therapeutics Inc (USA) (NASDAQ: CASCArray Biopharma Inc (NASDAQ: ARRYMacroGenics Inc (NASDAQ: MGNX)

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Answer: Puma Biotechnology Inc (NYSE: PBYI)

 

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