High volume, large move and low implied volatility for MannKind NASDAQ:MNKDMannKind Corporation ($MNKD) is trading higher on some positive Phase 3 preliminary results for AFREZZA. MannKind Corporation is up 16.76% at $8.01 on a volume of 36,268,700 shares. That’s already 6.10 times the normal daily volume of 7,925,775 shares.
The stock printed a new 52 week high today, trading above the previous high of $8.33. Meanwhile implied volatility came crashing down from over 213% to 97% for those trading options on MannKind.
MannKind Corporation MannKind Corporation is engaged in the discovery, development, and commercialization of therapeutic products for diabetes and cancer in the United States.