Home / Healthcare / Health Care Firm Achaogen Inc. (AKAO) Advances 3.37% at Midday on September 22

Health Care Firm Achaogen Inc. (AKAO) Advances 3.37% at Midday on September 22

Achaogen Inc. (AKAO) 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 AKAO have clocked gains of 3.37% to $4.3 after closing the day prior at $4.16. In the first two and a half hours of trading, the stock has gone as high as $4.31 and as low as $4.18. Today’s rise has come with about 27,350 shares changing hands, compared to an average 30-day volume of 135,906 for Achaogen Inc.. The price is currently below the 30-day volume weighted average price of $4.23 for AKAO.

The share appreciation gives the company a market capitalization of $110.99 million based upon 26.68 million shares outstanding. It also means that AKAO has a price-to-book ratio of 2.96:1.

In the past 52 weeks, shares of AKAO have traded as low as $2.5875 and as high as $7.1. Technical traders will take note that at $4.3, shares of AKAO are trading above their 200-day MA at $3.94 and above their 50-day MA at $3.94. 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 AKAO?

Achaogen Inc is a clinical-stage biopharmaceutical company committed to the discovery, development, and commercialization of novel antibacterials to treat multi-drug resistant (MDR) gram-negative infections. The company’s 79 employees are led by CEO Kenneth J. Hillan from the corporate headquarters at 7000 Shoreline Court in South San Francisco, CA.

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