StemCells Inc. on the move, up 22% today

StemCells Inc. (NASDAQ:STEM) was up 29% at one point today, now its settling down in the 19%+ range, the volume of shares trading is on fire.

Volume of STEM shares is already close to its daily average with 3 million shares traded as of 12:06 PM EST.

There's no news out today from the company but the stock price has fallen to under $1 a share. 

Today's rally is most likely speculators and day traders taking advantage of the sunken share price and day traders having fun playing the swings and cashing in.

StemCells Inc. got major attention before and after Obama and the Democrats got their hold on Washington.  There is a lot of buzz about Barack Obama could free up federal money for studying stem cells taken from human embryos. But again, its all talk at this moment, so STEM shares are under constant speculation and being exposed to day trading manipulation.

Until we get clear policy from Obama on the future of stem cell research and funding, expect STEM shares to continue to be volatile.

Here's a look at the 5 day move on StemCells shares:

The 1 Year chart for STEM:
 

Disclaimer: No positions in STEM.