Kura Oncology Inc. (KURA) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of KURA have fallen 6.42% to $6.7 after closing the day prior at $7.16. So far, the stock has traded as high as $7.2 and as low as $6.7. Today’s decline has come with about 64,094 shares changing hands, compared to an average 30-day volume of 314,381 for Kura Oncology Inc.. The price is currently below the 30-day volume weighted average price of $6.98 for KURA.
The share depreciation gives the company a market capitalization of $152.99 million based upon 21.37 million shares outstanding. It also means that KURA has a price-to-book ratio of 2.18:1.
In the past 52 weeks, shares of KURA have traded as low as $2.5 and as high as $25.0. Technical traders will take note that at $6.7, shares of KURA are trading above their 200-day MA at $4.52 and above their 50-day MA at $5.16. 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 below them is typically regarded as bearish.
Who is KURA?
Kura Oncology Inc is a clinical stage biopharmaceutical company. The Company is engaged in discovering and developing personalized therapeutics for the treatment of solid tumors and blood cancers. The company’s 24 employees are led by CEO Troy E. Wilson from the corporate headquarters at 11119 North Torrey Pines Road in La Jolla, CA.
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