Lexicon Pharma (LXRX) Hits Two-Month High on Volume

December 31, 2012 10:36 AM EST
Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) shares are popping higher with volume today. We're not hearing any specific news on the pharma.

Shares are up over 13 percent on volume that its more than twice the tailing three-month daily average.

Two weeks ago, Lexicon announced its LX1033 received Fast-Track Designation from the U.S. FDA, though shares oozed lower since then.

Today, Lexicon is back above the $2 level and flirting with its 100-day SMA, currently calculated at $2.13. Shares are at the highest point since October.

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