OncoMed Pharmaceuticals Inc. (OMED) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of OMED have climbed 5.39% about 30 minutes into the session to $12.51 after closing the day prior at $11.87. It’s early, but the stock has traded as high as $12.58 and as low as $12.42 so far. Today’s quick advance has come with about 25,761 shares changing hands, compared to an average 30-day volume of 282,977 for OncoMed Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $12.55 for OMED.
The share appreciation gives the company a market capitalization of $364.07 million based upon 30.67 million shares outstanding. It also means that OMED has a price-to-book ratio of 105.78:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of OMED have traded as low as $8.42 and as high as $23.98. Technical traders will take note that at $12.51, shares of OMED are trading below their 200-day MA at $12.67 and above their 50-day MA at $11.44. 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 OMED?
OncoMed Pharmaceuticals Inc is a clinical development-stage biopharmaceutical company focused on discovering and developing novel anti-cancer stem cell and immuno-oncology product candidates. The company’s 122 employees are led by CEO Paul J. Hastings from the corporate headquarters at 800 Chesapeake Drive.
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