Stock Market Alert - NUVO was one of the most active stocks on Monday, with over 90 million shares of the stock changing hands, compared to a normal daily average volume of 465k shares traded. The stock, which closed on Friday at $19.55, opened on Monday at $3.70 and ended up closing at $4.05 after the company announced the failure of two of their studies and the suspension of another. This news led to a landslide of downgrades, with notable downgrades coming from Oppenheimer, CIBC and Deutsche Bank. As of Monday’s close, NUVO had a market cap of $214 million dollars.
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