Star Scientific (CIGX) On Traders' Radars Ahead of Decision
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Traders have got their eye on Star Scientific, Inc. (Nasdaq: CIGX) as a Supreme Court ruling on RJ Reynolds Tobacco's (RJR) petition for certiorari could be announced in the next week or two.
Traders believe it would be extremely unlikely that the Supreme Court takes the case, which could push RJR into a quicker settlement with Star Scientific. The Supreme Court grants a review in less than 1% of all requests.
Shares of CIGX last traded at $3.95, down 1%.
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Traders believe it would be extremely unlikely that the Supreme Court takes the case, which could push RJR into a quicker settlement with Star Scientific. The Supreme Court grants a review in less than 1% of all requests.
Shares of CIGX last traded at $3.95, down 1%.
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