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ONYX Pharmaceuticals, Inc. Message Board

  • shooter123432 shooter123432 Jun 23, 2012 11:03 AM Flag

    Reason for the drop

    The Russell indices had their annual rebalance yesterday. Since ONXX has risen it will now go into the Russell 1000 from the 2000. There is always crazy volume at the end of the rebalance day particularly in stocks that are moving among 1000/2000 or value/growth or even if their weight in the index changes. I wouldn't read too much into it.

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