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OncoGenex leads state stock slide

Led by OncoGenex Pharmaceuticals Inc., with its shares plummeting nearly 27 percent in Tuesday trading, nearly all Washington state companies traded on the NASDAQ and New York Stock Exchange saw shares fall.

Of the nearly 100 Washington public companies traded on the two major exchanges, only six rose in price Tuesday.

Led by OncoGenex (NASDAQ: OGXI) of Bothell, which fell $1.05 to close at $2.90, other big droppers in the state included Nautilus Inc. (NYSE: NLS) of Vancouver, Wash., which fell 24 cents, or 26.37 percent, to close at 67 cents; biotech MDRNA Inc. (NASDAQ: MRNA) of Bothell, which fell 11 cents, or 25.58 percent, to close at 32 cents; and Frontier Financial Corp. (NASDAQ: FTBK) of Everett, which fell 35 cents, or 18.32 percent, to close at $1.56.

Registering surprising advances on Tuesday were AmericanWest Bancorporation (NASDAQ: AWBC) of Spokane, which rose 3 cents, or 6.67 percent, to close at 48 cents and Flow International Corp. (NASDAQ: FLOW) of Kent, which rose 6 cents, or 4.51 percent, to close at $1.39.

Article resource:http://www.bizjournals.com/seattle/stories/2009/02/16/daily18.html

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