Acceleron Pharma Inc. (XLRN) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 22. At the lunch break, shares of XLRN have clocked gains of 3.54% to $39.47 after closing the day prior at $38.12. In the first two and a half hours of trading, the stock has gone as high as $39.47 and as low as $38.12. Today’s rise has come with about 122,246 shares changing hands, compared to an average 30-day volume of 250,059 for Acceleron Pharma Inc.. The price is currently below the 30-day volume weighted average price of $38.94 for XLRN.
The share appreciation gives the company a market capitalization of $1.43 billion based upon 37.6 million shares outstanding. It also means that XLRN has a price-to-book ratio of 5.88:1.
In the past 52 weeks, shares of XLRN have traded as low as $21.93 and as high as $50.86. Technical traders will take note that at $39.47, shares of XLRN are trading above their 200-day MA at $32.6 and above their 50-day MA at $32.16. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is XLRN?
Acceleron Pharma Inc is a biopharmaceutical company. It focuses on the discovery, development & commercialization of novel therapeutic candidates based on the mechanisms that the human body uses to regulate the growth & repair of its cells and tissues. The company’s 102 employees are led by CEO John L. Knopf from the corporate headquarters at 128 Sidney Street in Cambridge, MA.
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