Intrxon Corp XON shares are trading sharply higher by $3.90 at $39.42 in Tuesday's session. The catalyst for the rally is a lower-than-expected Q3 loss by $0.07.
After a lower open, it immediately bottomed at $34.80 and reversed course. So far, the rally has taken the issue to $40.24 before falling back under $40. This marks the highest level issue since it peaked on September 25 at $45.90.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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