Tetraphase Pharmaceuticals, Inc. (TTPH) is trading at an unusually high volume Thursday with 1.5 million shares changing hands. It is currently at more than three times its 3-month average volume. The move comes after the FDA announced a forthcoming meeting on May 14-15 regarding ‘Superbug’. The stock is currently trading at $35.37, down 2.13%.
Integrated Silicon Solution Inc. (ISSI) shares are up 12.79% to $18.62. The name is trading at a very high volume Thursday with 2.1 million shares changing hands. It is currently at nearly 20x its average daily volume. ISSI announced a definitive deal to be purchased by consortium led by Summitview Capital for $19.25 per share. ISSI announced a definitive deal to be purchased by consortium led by Summitview Capital for $19.25 per share. The proposed transaction values ISSI’s equity at approximately $639.5 million.
The Children’s Place, Inc (PLCE) is printing a higher than average trading volume today with the issue trading 1.21 million shares, compared to the average volume of 451K. The stock began trading this morning at $61 to currently trade up 8.22% from the prior days close of $57.88. Children’s Place reported stronger-than-expected Q4 earnings results.
The Men’s Wearhouse, Inc (MW) gained more than 8% to $51.99 in midday trading today. About 3 million shares of Houston, Texas-based apparel retailer were traded as of 12:30 p.m. est, compared to the normal trading volume of 743K shares a day. Men’s Wearhouse reported narrower-than-expected Q4 loss.