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MannKind (MNKD) drops 25%+ on FDA delay |
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| Oct 06, 2009 07:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Major movement, Bad news, Options, Technical Analysis  MannKind (NYSE: MNKD - option chain) stock is trading lower today after the company said it will be unable to strike a partnership deal for its inhaled insulin product, Afresa, by the end of the year. The delay is due to a lag in obtaining FDA approval for Afresa, which may not come until January 2010. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on MNKD.This morning, MNKD opened at $8.03. So far today the stock has hit a high of $8.03 and a low of $6.52. As of 12:55, MNKD is trading at $6.77, down $2.44 (-26.5%). The chart for MNKD looks bullish. Continue reading MannKind (MNKD) drops 25%+ on FDA delay MannKind (MNKD) drops 25%+ on FDA delay originally appeared on BloggingStocks on Tue, 06 Oct 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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