Biogen Inc (BIIB) is Trading Lower on Unusual Volume for January 18

Equities Staff |

Biogen Inc (BIIB) experienced unusually high volume on Jan. 18, as the stock lost 2.58% to a closing price of $273.33. The stock saw 2.58 million shares trade hands over the course of the day on 28,940 trades. Given that the stock’s average daily volume over the last month has been 1.66 million shares a day, this represents a pretty substantial spike over the norm.

Biogen Inc has a P/B ratio of 5.76. It also has a P/E ratio of 17.9. The stock has traded between $480.18 and $254.00 over the last 52-weeks, its 50-day SMA is now $290.35, and its 200-day SMA $336.12.

Biogen Idec Inc, is a biopharmaceutical company. The Company discovers, develops, manufactures and markets therapies for neurological, autoimmune and hematologic disorders.

Headquartered in Cambridge, MA, Biogen Inc has 7,550 employees and is currently under the leadership of CEO George A. Scangos.

For a complete fundamental analysis analysis of Biogen Inc, check out Equities.com’s Stock Valuation Analysis report for BIIB. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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