Immune Design Corp. (IMDZ) 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 IMDZ have clocked gains of 8.24% to $8.14 after closing the day prior at $7.52. In the first two and a half hours of trading, the stock has gone as high as $8.2 and as low as $7.35. Today’s rise has come with about 80,231 shares changing hands, compared to an average 30-day volume of 90,668 for Immune Design Corp.. The price is currently below the 30-day volume weighted average price of $7.86 for IMDZ.
The share appreciation gives the company a market capitalization of $151.72 million based upon 20.18 million shares outstanding. It also means that IMDZ has a price-to-book ratio of 1.74:1.
In the past 52 weeks, shares of IMDZ have traded as low as $6.02 and as high as $23.55. Technical traders will take note that at $8.14, shares of IMDZ are trading below their 200-day MA at $11.45 and above their 50-day MA at $7.14. 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 IMDZ?
Immune Design Corp is a clinical-stage immunotherapy company with next-generation in vivo approaches designed to enable the body's immune system to fight disease. The company’s 44 employees are led by CEO Carlos V. Paya from the corporate headquarters at 1616 Eastlake Avenue East in Seattle, WA.
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