Stock Market Alert - SQNM was one of the biggest winners on the Nasdaq on Friday, trading up over 16% to close the regular session at $14.94. The stock set a new multi-year high of $15.25 before pulling back slightly and closing at $14.94. Volume was extremely strong on the day, with almost five million shares of the stock changing hands, compared to a normal daily average volume of 967k. The stock has been on a tear as of late, doubling in the past two weeks. The stock has been surging higher after the company said that its prenatal Down syndrome test was proven to be effective. This news has led to strong institutional buying as the company said that it hopes to launch the product in early 2009.
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