Home / Healthcare / Revance Therapeutics Inc. (RVNC) Gives Up 4.15% at Midday on September 23, Pressuring Health Care Stocks

Revance Therapeutics Inc. (RVNC) Gives Up 4.15% at Midday on September 23, Pressuring Health Care Stocks

Revance Therapeutics Inc. (RVNC) 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 RVNC have fallen 4.15% to $17.11 after closing the day prior at $17.85. So far, the stock has traded as high as $17.94 and as low as $17.11. Today’s decline has come with about 64,364 shares changing hands, compared to an average 30-day volume of 213,524 for Revance Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $17.48 for RVNC.

The share depreciation gives the company a market capitalization of $508.46 million based upon 28.48 million shares outstanding. It also means that RVNC has a price-to-book ratio of 2.36:1.

In the past 52 weeks, shares of RVNC have traded as low as $12.54 and as high as $42.41. Technical traders will take note that at $17.11, shares of RVNC are trading below their 200-day MA at $19.07 and above their 50-day MA at $14.46. 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 RVNC?

Revance Therapeutics Inc is a clinical stage biopharmaceutical company. It is engaged in the development, manufacturing and commercialization of novel botulinum toxin products for multiple aesthetic and therapeutic applications. The company’s 104 employees are led by CEO L. Daniel Browne from the corporate headquarters at 7555 Gateway Boulevard in Newark, CA.

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