Peregrine Pharmaceuticals Gapping Up Tuesday

Here is a stock that gapped up today with opening prices significantly higher than the close on the previous trading day:

• Peregrine Pharmaceuticals (NASDAQ:PPHM) gapped up today, opening at $1.17 after closing the previous trading session at $1.06. The stock price is up 10.8% with a volume of 1.5 million. The stock is trading 94.8% above its 50-day moving average and 42.4% above its 200-day moving average.