Sarepta Therapeutics Inc. (SRPT) 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 SRPT have clocked gains of 6.6% to $59.93 after closing the day prior at $56.22. In the first two and a half hours of trading, the stock has gone as high as $60.0 and as low as $56.9. Today’s rise has come with about 5.21 million shares changing hands, compared to an average 30-day volume of 5.01 million for Sarepta Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $58.65 for SRPT.
The share appreciation gives the company a market capitalization of $2.69 billion based upon 47.9 million shares outstanding. It also means that SRPT has a price-to-book ratio of 22.17:1.
In the past 52 weeks, shares of SRPT have traded as low as $8.0 and as high as $58.87. Technical traders will take note that at $59.93, shares of SRPT are trading above their 200-day MA at $22.15 and above their 50-day MA at $27.29. 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 SRPT?
Sarepta Therapeutics Inc is a biopharmaceutical company focused on the discovery and development of RNA-targeted therapeutics for the treatment of rare, infectious and other diseases. The company’s 270 employees are led by CEO Edward M. Kaye from the corporate headquarters at 215 First Street in Cambridge, MA.
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