Vericel Corp (VCEL) Hits New High on Drug Data

Vericel Corp's (NASDAQ:VCEL) heart failure treatment met its main goals in a Phase 2 study

Mar 11, 2016 at 1:17 PM
facebook X logo linkedin


Cellular therapy stock Vericel Corp (NASDAQ:VCEL) exploded for an 86.3% gain on Thursday, with trading volume reaching an annual high, after the company announced that its heart failure treatment candidate met its main goals in a Phase 2 study. VCEL plans to give more information about the trial on Monday, April 4. The shares have added another 5.8% today to trade at $4.18, and earlier hit an annual high of $5.18. In the meantime, the stock has seen a rare dose of option trading. 

There's usually next to no activity in VCEL's option pits, but that's changed over the past two days. Yesterday, over 1,000 calls crossed, with much of the activity occurring at the March 5 call -- where it's likely long positions were added. Another 1,000 calls have been traded in today's session, and it looks like traders may have liquidated their VCEL March 5 calls, taking profits on the earlier move above $5. 

Despite the positive development, many speculators may be hesitant to place bullish bets on Vericel Corp (NASDAQ:VCEL), given its technical track record. The 10-year chart below should tell the whole story:

160311VCEL

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical levels, and top economic stories straight to your inbox.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI