'Fishy' options trade ahead of Puma news

July 23, 2014 3:00 PM

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Someone bet big in the options market that Puma Biotechnology would be a winner in the days before a positive drug trial sent its stock soaring.

Whether the trading on July 15 is suspicious or not, the report showing a Puma drug's success against breast cancer in a late stage study clearly surprised some Wall Street analysts. Stifel reportedly had predicted a "grim" outlook for the drug, called neratinib, and Cowen said the report showed sup...

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