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GlaxoSmithKline plc Message Board

  • glenntrader glenntrader Mar 10, 2011 7:51 AM Flag

    Why such a muted reaction?

    The market's reaction to the news is certainly interesting and perplexing. Clearly GSK had a much bigger reaction, while HGSI was halted, last night than it is having this morning. However, if you extrapolate GSK's 44 cent gain to HGSI, one would get a much bigger pop.
    The only commentary that I have found this AM is from Leerink and they raised on HGSI their target from 35.00 to 38.00.
    It seems hard to believe, but one could almost think that HGSI will be basically flat by the time today ends. Be interesting to see if the 8:00AM wave of trading and the regular session opening sends HGSI higher or lower.
    Good luck

39.13-0.04(-0.10%)Feb 10 4:00 PMEST