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Sequenom Shares Climb Sharply This Week

NEW YORK (GenomeWeb News) – Shares of Sequenom were trading up 8.3 percent at $7.73 in Friday afternoon trade, two days after the firm reported a 7 percent increase first quarter revenues.
The San Diego-based firm’s stock has risen 36.8 percent since closing at $5.65 last Friday, and has climbed 22.3 percent since the close of the market on Wednesday, when it reported its financial results.
Sequenom’s shares slipped 8 percent in early April after the firm cautioned that sales of its MassArray systems in the US were soft during the first quarter, and the firm lowered its 2008 revenue forecast.
Sequenom’s 52-week trading range is between $3.16 and $11.63.