Home / Healthcare / Health Care Firm Corcept Therapeutics Incorporated (CORT) Advances 5.63% at Midday on September 22

Health Care Firm Corcept Therapeutics Incorporated (CORT) Advances 5.63% at Midday on September 22

Corcept Therapeutics Incorporated (CORT) 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 CORT have clocked gains of 5.63% to $6.57 after closing the day prior at $6.22. In the first two and a half hours of trading, the stock has gone as high as $6.6 and as low as $6.2. Today’s rise has come with about 287,587 shares changing hands, compared to an average 30-day volume of 264,635 for Corcept Therapeutics Incorporated. The price is currently below the 30-day volume weighted average price of $6.42 for CORT.

The share appreciation gives the company a market capitalization of $687.9 million based upon 110.59 million shares outstanding. It also means that CORT has a price-to-book ratio of 26.81:1.

In the past 52 weeks, shares of CORT have traded as low as $3.22 and as high as $6.33. Technical traders will take note that at $6.57, shares of CORT are trading above their 200-day MA at $4.93 and above their 50-day MA at $5.72. 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 CORT?

Corcept Therapeutics Inc is engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders by modulating the effects of cortisol. The company’s 83 employees are led by CEO Joseph K. Belanoff from the corporate headquarters at 149 Commonwealth Drive in Menlo Park, CA.

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