Stock Market Alert - VVUS hit a new 52 week high on Friday after the company released some promising data about one of its drugs. The stock shot higher, trading up over 26% to close the session at $7.20. The stock benefited from a flood of new interest, and existing shareholders watched as their shares reached new 52 week highs. Volume was up sharply on Friday, with a total of 3.7 million shares changing hands, compared to a normal daily average volume of 596k shares. The company now possesses a market cap of $424 million dollars. RBC Capital Markets analyst Ken Trbovich spoke out favorably about the release of the data.
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