Cara Therapeutics Inc (CARA) was one of the Russell 2000's biggest losers for Thursday January 07 as the stock slid 10.59% to $15.12, a loss of $-1.79 per share. Starting at an opening price of $16.43 a share, the stock traded between $15.00 and $16.55 over the course of the trading day. Volume was 400,149 shares over 2,724 trades, against an average daily volume of 318,901 shares and a total float of 27.23 million.
The losses send Cara Therapeutics Inc down to a market cap of $411.74 million. In the last year, Cara Therapeutics Inc has traded between $23.61 and $9.00, and its 50-day SMA is currently $15.65 and 200-day SMA is $14.77.
Cara Therapeutics Inc is a clinical-stage biopharmaceutical company developing and commercializing new chemical entities designed to alleviate pain by selectively targeting kappa opioid receptors.
Cara Therapeutics Inc is based out of Shelton, CT and has some 15 employees. Its CEO is Derek T. Chalmers.
For a complete fundamental analysis analysis of Cara Therapeutics Inc, check out Equities.com’s Stock Valuation Analysis report for CARA. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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