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Helicos Shares Drop on Profit Taking

NEW YORK (GenomeWeb News) – Shares of Helicos BioSciences dropped 8.3 percent on Thursday, giving back some of its gains from the previous week.
As reported by GenomeWeb Daily News on Wednesday, Helicos shares had risen 76 percent from $10.50 on Jan. 8 to a high of $18.50 on Wednesday before closing at $17.44.
On Thursday, investors took profits, and the firm’s shares closed at $16. At one point during the day, Helicos’ stock had fallen all the way to $13.60.
Trading volume for the firm’s shares was up roughly 11 percent over its daily average.
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