-3 Vote 0 Advanced Cell Technology, Inc. (OTC:ACTC) On the Progressive Move Again
By Nelly Shishkova Date: Apr 4, 2011 Advanced Cell Technology, Inc. (OTC:ACTC, ACTC message board) is on the progressive move again. Over the past week, the stock has been climbing up at full speed and last Friday its traded volume jumped over 10 million shares. In fact, that's not something unusual for the company. On the contrary, historical records show that ACT has had regular unexpected gains based on optimistic rumors or promotions. Apparently, this time the up trend is due to more rumors and optimistic news, which continue to push up the stock price.
On March 23, ACT reported it was to be issued broad patent for human ES Cell-derived RPE cells in China. According to the announcement, the company's progress in obtaining patent protection for its RPE program is considered as a testament to the continued recognition of its inventions and a protection of ACT's therapeutic programs technology.
Being published, this announcement immediately influenced ACTC stock price and the climb began. Though, it seems that the news wasn't the only factor for holding the bullish trend.
Along with the optimistic press release, traders on investorshub.com message board opened a big discussion about the massive trade. According to investors, something huge is about to happen with ACT. A possible reason for the recent gains appears to be the anticipation of the company unveiling details on its Phase I/II trials in Stargardt's Macular Dystrophy and Dry AMD, scheduled to begin this year.