Market Overview

Sarpeta Shares Slammed On Possible Reason For Delay In FDA Final Decision On Eteplirsen

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Sarepta Therapeutics Inc (NASDAQ: SRPT) shares are trading lower by $4 (20 percent) at $17.41. Concerns over the upcoming decision on Eteplirsen has investors exiting the issue in a big way.

The selling from the pre-market session has spilled over into the regular session. After a lower open, it only manged an $0.08 bounce to $19.98 before more sellers piled into the issue. So far, the ensuing decline has taken the issue to $17.05 and is attempting to rebound. That low coincides with a series of four lows in the issue from $16.84 to $17.22 in mid-May.

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