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Vertex (VRTX) Shares Sink in Late-Day Trade, Volume Picks Up

October 11, 2011 3:09 PM EDT
Shares of Vertex Pharma (Nasdaq: VRTX) have plunged in afternoon trade, however we are not hearing any news which would justify the sharp move lower. Volume has spiked as the decline has intensified.

Technicians may have stepped up as the stock pushed below the 200-day moving average.

Vertex shares are now down 5.8 percent to $38.05. Notably, the stock was up as much as 2.3 percent this morning.


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