Savient Pharma (SVNT) Moves Higher with Volatility; Bumps Up Against Key Resistance Point
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Savient Pharmaceuticals (Nasdaq: SVNT) is showing a slight increase in volatility Friday with shares ripping above certain key levels.
According to market data, Savient implied volatility is up 6 percent on the session, from Thursday's close.
Shares are nearly 8 percent better Friday and bumping up against a key level at 82 cents. The level has been a modest activity point in the past month or so.
Volume is light on the session, which may be contributing to the move.
According to market data, Savient implied volatility is up 6 percent on the session, from Thursday's close.
Shares are nearly 8 percent better Friday and bumping up against a key level at 82 cents. The level has been a modest activity point in the past month or so.
Volume is light on the session, which may be contributing to the move.
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