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Cadence Pharmaceuticals Up 8 Percent After Hours (CADX)

Shares of Cadence Pharmaceuticals (NASDAQ: CADX) are up more than 8 percent after hours but the reason for the move is unknown at this time. The stock finished the day down more than 7 percent.

Twitter chatter is low on the stock but some are indicating patent developments. The only verifiable news on this front comes from August 15. A review of SEC filings don’t reveal anything since August 16.

Year to date, the stock was up about 5 percent and trades an average of about 440,000 shares. Today it traded 770,000.

If you have information on why this stock is up so sharply after hours, leave us a comment and let us know.

[stock-tools exchange="NASDAQ" symbol="CADX" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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