Cyclacel Pharmaceuticals Stock Skyrockets 393%

(RTTNews) - Cyclacel Pharmaceuticals, Inc. (CYCC) shares surged 393.05 percent to $16.32, despite the absence of any company-specific news or filings. The sharp rally has drawn significant market attention as trading volume exploded to 30.3 million shares, far surpassing its average volume of 213,616.

The stock opened at $4.58 and spiked as high as $18.35 before settling near $12.31 on the Nasdaq. It previously closed at $3.31, making today's move one of its most dramatic in recent history. Cyclacel now trades well above the lower end of its 52-week range of $3.08 to $597.60.