Some stocks hitting fresh 52 week highs

by DAN ACADIA Pharmaceuticals Inc. ($ACAD) is hitting a new 52 week high today. It is one of a few stocks that are green today on a big sell off day. There are many rumors as to why this stock is up. 1) investors are positioning themselves ahead of FDA approval that is expected soon or 2) rumors of a potential buyout from LLY. Either way this is not a good time to buy but watch for a pullback or sell the actual news once it comes out.

Over the past 52 weeks ACAD has traded from a low of $15.64 to a high of $40.25. ACAD was last at $45.75 on a volume of 5,621,070. Average daily volume has been at 1,281,267.

52 Week Range $15.64-$40.25 Market Cap 4,488,694,728 Average Volume 1,281,267 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 0.30% Percentage of Float Short 16.50% Beta 3.01

ACADIA Pharmaceuticals Inc. is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

ACADIA Pharmaceuticals Inc is in the business of development and commercialization of small molecule drugs for the treatment of central nervous system disorders.

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