Juno Therapeutics Inc. (JUNO) 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 JUNO have fallen 3.45% to $24.09 after closing the day prior at $24.95. So far, the stock has traded as high as $25.07 and as low as $23.9. Today’s decline has come with about 693,783 shares changing hands, compared to an average 30-day volume of 1.48 million for Juno Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $24.25 for JUNO.
The share depreciation gives the company a market capitalization of $2.65 billion based upon 106.02 million shares outstanding. It also means that JUNO has a price-to-book ratio of 2.42:1.
In the past 52 weeks, shares of JUNO have traded as low as $17.52 and as high as $49.72. Technical traders will take note that at $24.09, shares of JUNO are trading below their 200-day MA at $25.54 and above their 50-day MA at $22.67. 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 JUNO?
Juno Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in developing products that use human cells as therapeutic entities and, although there have been significant advances in cell-based immunotherapy. The company’s 553 employees are led by CEO Hans E. Bishop from the corporate headquarters at 307 Westlake Avenue North in Seattle, WA.
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