Stemline Therapeutics Inc. (STML) 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 STML have fallen 3.93% to $8.55 after closing the day prior at $8.9. So far, the stock has traded as high as $8.9 and as low as $8.5. Today’s decline has come with about 55,076 shares changing hands, compared to an average 30-day volume of 266,962 for Stemline Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $8.72 for STML.
The share depreciation gives the company a market capitalization of $222.98 million based upon 25.05 million shares outstanding. It also means that STML has a price-to-book ratio of 3.78:1.
In the past 52 weeks, shares of STML have traded as low as $4.79 and as high as $14.6. Technical traders will take note that at $8.55, shares of STML are trading below their 200-day MA at $9.68 and above their 50-day MA at $8.15. 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 STML?
Stemline Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in discovering, acquiring, developing and commercializing proprietary therapeutics that target both cancer stem cells, or CSCs, and tumor bulk. The company’s 29 employees are led by CEO Ivan Bergstein from the corporate headquarters at 750 Lexington Avenue in New York, NY.
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