New York, NY 06/10/2014 – Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) is up 83% after starting the day strong at 6.06. Achillion Pharmaceuticals, Inc.’s stock has a trading range of 6.02 and 7.81. The previous close was 4.25 and volume today was 69 million shares. Average volume by comparison is 2 million shares which puts today’s trading volume on a 3,350% breakout. The clinical-stage biopharmaceutical company which develops therapies mainly for hepatitis C announced big news surrounding two of its drugs, ACH-3422 and Sovaprevir. According to Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) the FDA has lifted the hold on its main drug, Sovaprevir which now clears the way for more patient trials and a chance to dose those patients with 200 mg one a day.
AeroVironment, Inc. (NASDAQ:AVAV) moved up 4.70% on the back of volume of 315K. Average volume of 342K means that there was a slight uptick in trading volume. The stock opened at 34.44 having closed previously at 33.84. The day’s trading range was 33.69 and 35.49 whilst the 52-week trading range is 19.25 and 41.67. The one-year target estimate is 30.88 and the company has a market cap of 790.83M. The maker of unmanned aircrafts (drones) announced today that it has teamed up with BP Exploration Inc. The partnership will see AVAV using its drones to monitor BP’s Prudhoe Bay oil field for a period of five years. AeroVironment, Inc. (NASDAQ:AVAV) in striking in this partnership deal ushers in a new era in surveillance as it’s the first time ever that drones have been used for this purpose.
Endeavour International Corporation (NYSE:END) jumped 53.85% after opening today at 1.38. The previous close was 1.04 and the stock has a trading range for the day of 1.27 and 1.95. The 52-week trading range is 1.02 and 7.50 and today’s volume was 22.756 million shares. Average volume by contrast is 1.110 million shares. Endeavour International Corporation (NYSE:END) has a market cap of 79.17M and analysts have set a one-year price target of 3.94. The company has just raised its production forecast for oil production to 10,500 – 11,500 barrels of oil per day. The previous estimate was 9,000 – 10,000 barrels of oil per day. The company also announced news surrounding liquidity and confirmed another Forward Sale for 22.5M.