Molecular Devices Shares Up 10 Percent on Stock Upgrade

Jul 25, 2006

NEW YORK (GenomeWeb News) – Shares in Molecular Devices were up around 10 percent, or $2.17, to $24.39 in mid-afternoon trading today after an investment bank yesterday upgraded its stock.

Infinium Securities upgraded the stock to “Outperform” from “Underperform” yesterday.

The uptick today halted a 16-percent decline in share price that began July 21 when Molecular Devices announced weak second quarter revenue and earnings.

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