Home / Healthcare / Alexion Pharmaceuticals Inc. (ALXN) Gives Up 3.96% at Midday on September 23, Pressuring Health Care Stocks

Alexion Pharmaceuticals Inc. (ALXN) Gives Up 3.96% at Midday on September 23, Pressuring Health Care Stocks

Alexion Pharmaceuticals Inc. (ALXN) lost ground during morning trading on September 23 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 ALXN have fallen 3.96% to $128.39 after closing the day prior at $133.69. So far, the stock has traded as high as $132.3 and as low as $128.27. Today’s decline has come with about 800,459 shares changing hands, compared to an average 30-day volume of 1.23 million for Alexion Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $129.65 for ALXN.

The share depreciation gives the company a market capitalization of $29.98 billion based upon 224.25 million shares outstanding. It also means that ALXN has a price-to-book ratio of 3.66:1.

In the past 52 weeks, shares of ALXN have traded as low as $110.56 and as high as $193.45. Technical traders will take note that at $128.39, shares of ALXN are trading below their 200-day MA at $143.61 and below their 50-day MA at $130.29. 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 below them is typically regarded as bearish.

Who is ALXN?

Alexion Pharmaceuticals Inc is a biopharmaceutical company engaged in serving patients with severe and ultra-rare disorders through the development and commercialization of life-transforming therapeutic products. The company’s 2924 employees are led by CEO David Hallal from the corporate headquarters at 100 College Street in New Haven, CT.

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