Home / Healthcare / Health Care Firm Vericel Corporation (VCEL) Advances 4.92% at Midday on September 23

Health Care Firm Vericel Corporation (VCEL) Advances 4.92% at Midday on September 23

Vericel Corporation (VCEL) 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 VCEL have clocked gains of 4.92% to $2.77 after closing the day prior at $2.64. In the first two and a half hours of trading, the stock has gone as high as $2.9 and as low as $2.54. Today’s rise has come with about 693,940 shares changing hands, compared to an average 30-day volume of 189,188 for Vericel Corporation. The price is currently below the 30-day volume weighted average price of $2.74 for VCEL.

The share appreciation gives the company a market capitalization of $63.35 million based upon 24.0 million shares outstanding. It also means that VCEL has a price-to-book ratio of 28.68:1.

In the past 52 weeks, shares of VCEL have traded as low as $1.69 and as high as $6.6899. Technical traders will take note that at $2.77, shares of VCEL are trading above their 200-day MA at $2.62 and above their 50-day MA at $2.25. 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 VCEL?

Vericel Corp is engaged in the development of patient-specific expanded cellular therapies for use in the treatment of patients with severe diseases and conditions. It markets two cell therapy products including Carticel and Epicel. The company’s 190 employees are led by CEO Dominick Colangelo from the corporate headquarters at 64 Sidney Street in Cambridge, MA.


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