Spectrum Pharmaceuticals (SPPI) Spikes on Article-Fueled Takeover Speculation

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Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) is jumping higher late in the session on reports the company is the potential target of a takeover. After trading down earlier, share are now up 3%. The article is very speculative in nature and nothing appears imminent.

NOTE: Long-time writer Gene Marcial was behind the report.

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