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.
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