High volume, large move and low implied volatility for MannKind NASDAQ:MNKD

by Josh MannKind Corporation ($MNKD) is trading higher on some positive Phase 3 preliminary results for AFREZZA. MannKind Corporation is up 16.76% at $8.01 on a volume of 36,268,700 shares. That’s already 6.10 times the normal daily volume of 7,925,775 shares.

The stock printed a new 52 week high today, trading above the previous high of $8.33. Meanwhile implied volatility came crashing down from over 213% to 97% for those trading options on MannKind.

52 Week Range $1.82-$8.33 Market Cap 2,420,229,204 Average Volume 7,925,775 Dividend Yield 0.00% Institutional Ownership 16.40% Insider Ownership: 1.90% Percentage of Float Short 15.80% Beta 1.41

MannKind Corporation MannKind Corporation is engaged in the discovery, development, and commercialization of therapeutic products for diabetes and cancer in the United States.

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