GlaxoSmithKline (GSK - option chain) shares are rising today after the company said an FDA advisory panel unanimously backed its epilepsy drug, ezogabine. GSK codeveloped the drug with Valeant Pharmaceuticals (VRX). If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on AMGN.GSK opened this morning at $37.17. So far today the stock has hit a low of $37.00 and a high of $37.39. As of 12:15, GSK is trading at $37.22 up 0.76 (2.1%). The chart for GSK looks neutral and S&P gives GSK a neutral 3 STARS (out of 5) hold ranking.
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