Home / Healthcare / Health Care Firm Bellicum Pharmaceuticals Inc. (BLCM) Advances 3.16% at Midday on September 23

Health Care Firm Bellicum Pharmaceuticals Inc. (BLCM) Advances 3.16% at Midday on September 23

Bellicum Pharmaceuticals Inc. (BLCM) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 23. At the lunch break, shares of BLCM have clocked gains of 3.16% to $19.92 after closing the day prior at $19.31. In the first two and a half hours of trading, the stock has gone as high as $20.55 and as low as $19.43. Today’s rise has come with about 280,433 shares changing hands, compared to an average 30-day volume of 280,515 for Bellicum Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $20.03 for BLCM.

The share appreciation gives the company a market capitalization of $522.31 million based upon 27.05 million shares outstanding. It also means that BLCM has a price-to-book ratio of 4.1:1.

In the past 52 weeks, shares of BLCM have traded as low as $7.24 and as high as $23.84. Technical traders will take note that at $19.92, shares of BLCM are trading above their 200-day MA at $13.43 and above their 50-day MA at $17.35. 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 BLCM?

Bellicum Pharmaceuticals Inc is a clinical stage biopharmaceutical company. It discovers and develops novel cellular immunotherapies of cancer including both hematological cancers and solid tumors, as well as orphan inherited blood disorders. The company’s 72 employees are led by CEO Thomas J. Farrell from the corporate headquarters at 2130 West Holcombe Boulevard in Houston, TX.

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