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ap

Endwave unaware of reason of rise in stock price

Endware unaware of reason for unusual trading, stock price soars

  • On 2:25 pm EDT, Thursday August 27, 2009

SAN JOSE, Calif. (AP) -- Endwave Corp., a maker of wireless communication components, said Thursday it could not provide a reason for the surge in the company's share price.

The San Jose, Calif., company's shares surged as much as 15.5 percent in afternoon trading. It recently changed hands at $2.75, up 24 cents, or 9.6 percent. The shares have traded between $1.36 and $6.15 over the past 52 weeks.

In a statement, Endwave said the company "is not aware of any information that would provide a basis for the unusual trading activity in its stock today."

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