Home / Basic Materials / Midday Update: Arcadia Biosciences Inc. (RKDA) Charges Ahead 3.83% on September 22

Midday Update: Arcadia Biosciences Inc. (RKDA) Charges Ahead 3.83% on September 22

Arcadia Biosciences Inc. (RKDA) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on September 22. At the lunch break, shares of RKDA have gained 3.83% to $2.17 after closing the day prior at $2.09. In the first two and a half hours of trading, the stock has gone as high as $2.2 and as low as $2.16. Today’s rise has come with about 750 shares changing hands, compared to an average 30-day volume of 32,088 for Arcadia Biosciences Inc.. The price is currently below the 30-day volume weighted average price of $2.17 for RKDA.

The share appreciation gives the company a market capitalization of $92.84 million based upon 44.42 million shares outstanding. It also means that RKDA has a price-to-book ratio of 2.97:1.

In the past 52 weeks, shares of RKDA have traded as low as $1.1 and as high as $5.0999. Technical traders will take note that at $2.17, shares of RKDA are trading below their 200-day MA at $2.43 and below their 50-day MA at $2.2. 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 RKDA?

Arcadia Biosciences Inc is an agricultural biotechnology trait development company with diversified portfolio of late-stage crop productivity and product quality traits addressing multiple crops that supply the food and feed markets. The company’s 80 employees are led by CEO Rajendra Dinkar Ketkar from the corporate headquarters at 202 Cousteau Place in Davis, CA.


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