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Affy Shares Up 6.4 Percent Two Days After Upgrade by Cairns

NEW YORK, March 24 (GenomeWeb News) - Shares in Affymetrix were up 6.4 percent since since Tuesday's closing price after an analyst for Cairns & Company yesterday raised the stock to "Above Average" from a "Buy." 


Shares in the world's largest microarray maker were trading at $44.48 in mid-afternoon today, up from $41.79 the day before the analyst upgraded the stock.


The Cairns move comes six days after Thomas Weisel upgaded the shares to "Outperform" from "Peer Perform." The company's stock has since risen $4.84, or 12.2 percent, from its closing price of $39.74 the day before Thomas Weisel's upgrade.

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