Actionable news
All posts from Actionable news
Actionable news in NVCN: NEOVASC Inc,

Aquinox stock rockets 2000%, Twitter goes nuts

Day traders are in a frenzy over Aquinox.

Shares of Canadian pharmaceutical company Aquinox Pharmaceuticals Inc. AQXP, -1.03% soared more than 2000% on an intraday basis over the last two trading sessions — and investors went insane about it on Twitter.

The rally started after the company released positive mid-stage trial results on Friday for a bladder pain drug referred to by its clinical name, AQX-1125. Shares traded up as much as 280% Monday morning after closing up nearly 500% on Friday.

The stock pulled back in afternoon trade, but still ended up closing 81% higher to $18.88. To give perspective, the stock closed at $1.79 on Thursday and its previous record high was $14, recorded on March 12, 2014.

Aquinox has been moving on extremely high volume. Nearly 18 million shares changed hands on Monday —...