Dendreon (DNDN) volatility elevated at 54 into weak Provenge sales

Dendreon (Nasdaq: DNDN) is recently down 64% to $12.95 in pre-open trading following the release of disappointing Provenge revenues. Citigroup Global Markets lowered its price target to $14. Overall option implied volatility of 54 is above its six-month average of 46 according to Track Data.

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