Home / Healthcare / Immunomedics Inc. (IMMU) Gives Up 12.12% at Midday on April 21, Pressuring Health Care Stocks

Immunomedics Inc. (IMMU) Gives Up 12.12% at Midday on April 21, Pressuring Health Care Stocks

Immunomedics Inc. (IMMU) lost ground during morning trading on April 21 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 IMMU have fallen 12.12% to $5.25 after closing the day prior at $5.98. So far, the stock has traded as high as $5.98 and as low as $5.0. Today’s decline has come with about 3.57 million shares changing hands, compared to an average 30-day volume of 3.34 million for Immunomedics Inc.. The price is currently below the 30-day volume weighted average price of $5.41 for IMMU.

The share depreciation gives the company a market capitalization of $634.36 million based upon 106.08 million shares outstanding. It also means that IMMU has a price-to-book ratio of 36.24:1.

In the past 52 weeks, shares of IMMU have traded as low as $1.95 and as high as $7.15. Technical traders will take note that at $5.25, shares of IMMU are trading above their 200-day MA at $3.76 and below their 50-day MA at $5.76. 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 IMMU?

Immunomedics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in developing monoclonal antibody-based products for the targeted treatment of cancer, autoimmune and other serious diseases. The company’s 131 employees are led by CEO from the corporate headquarters at 300 The American Road in Morris Plains, NJ.

For more information on IMMU and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Siebert Financial Corp. (SIEB) Weighs on Financial Sector, Stock Falls 3.09% on April 21

Siebert Financial Corp. (SIEB) was one of the weakest stocks in the financial sector of …