Home / Healthcare / Karyopharm Therapeutics Inc. (KPTI) Gives Up 3.08% at Midday on April 21, Pressuring Health Care Stocks

Karyopharm Therapeutics Inc. (KPTI) Gives Up 3.08% at Midday on April 21, Pressuring Health Care Stocks

Karyopharm Therapeutics Inc. (KPTI) 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 KPTI have fallen 3.08% to $11.31 after closing the day prior at $11.67. So far, the stock has traded as high as $11.78 and as low as $11.23. Today’s decline has come with about 54,379 shares changing hands, compared to an average 30-day volume of 354,730 for Karyopharm Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $11.42 for KPTI.

The share depreciation gives the company a market capitalization of $488.99 million based upon 41.9 million shares outstanding. It also means that KPTI has a price-to-book ratio of 3.03:1.

In the past 52 weeks, shares of KPTI have traded as low as $6.27 and as high as $14.63. Technical traders will take note that at $11.31, shares of KPTI are trading above their 200-day MA at $9.39 and above their 50-day MA at $11.05. 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 KPTI?

Karyopharm Therapeutics Inc., is a clinical-stage pharmaceutical company engaged in discovery, development & commercialization of novel, drugs directed against nuclear transport and related targets for the treatment of cancer and other major diseases. The company’s 108 employees are led by CEO Michael G. Kauffman from the corporate headquarters at 85 Wells Avenue in Newton, MA.

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