New York (December 31st, 2012) - Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX), a biopharmaceutical company engaged in the discovery and development of treatments for human disease, is soaring in mid-day trading today. At last check, LXRX was trading 14.21% higher at $2.18 on volume of 4.14 million, which is significantly above the daily average volume of 877,038.
Earlier this month, LXRX had announced that its drug candidate for irritable bowel syndrome received Fast Track status from the FDA.
Radian Group Inc. (NYSE: RDN), a credit enhancement company with a focus on domestic, first-lien residential mortgage insurance, is soaring in mid-day trading today, extending its gains from last week. RDN, in fact, has had an excellent run this month, gaining more than 39%.
The recent rally was sparked after the company announced that it received approval of RMAI subsidiary from Freddie Mac (OTCBB: FMCC) through 2013.
In today’s trading, RDN is up 6.12% to $6.07 on volume of 3.29 million, which is equal to the daily average volume. The stock hit a 52-week high of $6.13 in trading today. Technical indicators for RDN suggest that the rally could continue.
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