Dicerna Pharmaceuticals Inc. (DRNA) 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 DRNA have clocked gains of 4.41% to $4.26 after closing the day prior at $4.08. In the first two and a half hours of trading, the stock has gone as high as $4.65 and as low as $4.09. Today’s rise has come with about 541,850 shares changing hands, compared to an average 30-day volume of 217,190 for Dicerna Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $4.41 for DRNA.
The share appreciation gives the company a market capitalization of $84.67 million based upon 20.75 million shares outstanding. It also means that DRNA has a price-to-book ratio of 1.3:1.
In the past 52 weeks, shares of DRNA have traded as low as $2.69 and as high as $15.93. Technical traders will take note that at $4.26, shares of DRNA are trading below their 200-day MA at $5.36 and above their 50-day MA at $3.34. 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 DRNA?
Dicerna Pharmaceuticals Inc is a biopharmaceutical company. The Company is engaged in the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined. The company’s 48 employees are led by CEO Douglas M. Fambrough from the corporate headquarters at 87 Cambridgepark Drive in Cambridge, MA.
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