Home / Healthcare / Health Care Sector Feels Weight of 3.03% Slide in Early Trading of Exact Sciences Corporation (EXAS) on September 23

Health Care Sector Feels Weight of 3.03% Slide in Early Trading of Exact Sciences Corporation (EXAS) on September 23

Exact Sciences Corporation (EXAS) started the trading day on a down note, making it one of the worst performing stocks in the health care sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of EXAS have fallen 3.03% about 30 minutes into the session to $20.8 after closing the day prior at $21.45. It’s early, but the stock has traded as high as $21.37 and as low as $19.21 so far. Today’s quick decline has come with about 872,283 shares changing hands, compared to an average 30-day volume of 2.76 million for Exact Sciences Corporation. The price is currently below the 30-day volume weighted average price of $20.06 for EXAS.

The share depreciation gives the company a market capitalization of $2.32 billion based upon 108.11 million shares outstanding. It also means that EXAS has a price-to-book ratio of 9.3:1.

In the past 52 weeks, shares of EXAS have traded as low as $4.67 and as high as $22.8. Technical traders will take note that at $20.8, shares of EXAS are trading above their 200-day MA at $10.19 and above their 50-day MA at $18.27. 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 EXAS?

Exact Sciences Corp is a molecular diagnostics company currently focused on the early detection and prevention of colorectal cancer. It has developed a non?invasive, patient friendly screening test called Cologuard(R). The company’s 677 employees are led by CEO Kevin T. Conroy from the corporate headquarters at 441 Charmany Drive in Madison, WI.


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