Celsion Lower In Volatile Session

Celsion Corporation CLSN shares are trading lower by $1.00 (16 percent) at $5.06 in Wednesday's session.

The stock, which rallied 300 percent on Tuesday ($1.50 to $6.06) off positive drug trial results, was hit with a wave sellers off the open.

After $2.00 lower open, Celsion's stock went another 25 cents lower bottoming at $3.76 and reversed course. So far, the ensuing rally has taken the stock to $5.28 and is attempting to remain in the $5.00 handle.

Some traders attribute the move higher to speculation that Maxim upgraded the stock to Buy.