StemCells Inc. (STEM) 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 STEM have clocked gains of 5.0% to $1.47 after closing the day prior at $1.4. In the first two and a half hours of trading, the stock has gone as high as $1.55 and as low as $1.37. Today’s rise has come with about 1.2 million shares changing hands, compared to an average 30-day volume of 5.86 million for StemCells Inc.. The price is currently below the 30-day volume weighted average price of $1.48 for STEM.
The share appreciation gives the company a market capitalization of $16.81 million based upon 12.01 million shares outstanding. It also means that STEM has a price-to-book ratio of 6.72:1.
In the past 52 weeks, shares of STEM have traded as low as $0.33 and as high as $7.56. Technical traders will take note that at $1.47, shares of STEM are trading below their 200-day MA at $2.61 and above their 50-day MA at $1.0. 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 STEM?
StemCells Inc is engaged in the research, development, and commercialization of cell-based stem cell therapeutics and related enabling technologies. The company’s 74 employees are led by CEO from the corporate headquarters at 7707 Gateway Boulevard in Newark, CA.
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