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Why Peregrine Popped Today

Peregrine Pharmaceuticals (Nasdaq: PPHM  ) took a major hit in September after admitting a trial data mix-up for its top drug candidate  bavituximab. Since that day, shares had fallen around 80%. Today however, shares were back on the rise, up a healthy 26% (from a much lower base). In this video, Motley Fool health care analyst Brenton Flynn discusses what could be driving share prices today.

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  • Report this Comment On November 28, 2012, at 8:26 AM, ABRL324 wrote:

    Watched the video about why Peregrine popped. He said basically "I don't know". Why even waste the time doing this. Dumb.

  • Report this Comment On November 30, 2012, at 11:25 AM, kcsag wrote:

    You are right on point sir. He basically said I don't know why it popped.

  • Report this Comment On December 04, 2012, at 12:30 PM, TMFBlacknGold wrote:

    According to Adam F. it was because of a large institutional purchase. Not saying it means anything, but...

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