CTI BioPharma Corp (CTIC) Drops 40% on February 10

Equities Staff |

CTI BioPharma Corp (CTIC) was one of the Russell 2000's biggest losers for Wednesday February 10 as the stock slid 40% to $0.30, a loss of $-0.2 per share. Starting at an opening price of $0.31 a share, the stock traded between $0.25 and $0.35 over the course of the trading day. Volume was 17.63 million shares over 17,086 trades, against an average daily volume of 1.81 million shares and a total float of 231.72 million.

The losses send CTI BioPharma Corp down to a market cap of $69.52 million. In the last year, CTI BioPharma Corp has traded between $2.94 and $0.38, and its 50-day SMA is currently $1.16 and 200-day SMA is $1.58.

CTI Biopharma Corp is a biopharmaceutical company. The Company is engaged in acquiring, developing & bringing market less toxic, more effective therapies to treat and cure cancer.

CTI BioPharma Corp is based out of Seattle, WA and has some 132 employees. Its CEO is .

For a complete fundamental analysis analysis of CTI BioPharma Corp, check out Equities.com’s Stock Valuation Analysis report for CTIC. 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.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Emerging Growth

IGEN Networks Corp.

iGen Networks Corp is engaged in investing in and managing for growth private high-tech companies that offer products and services in the domains of wireless broadband, software as a service,…

Private Markets

BioSculpture Technology, Inc.

BioSculpture Technology, Inc. (“BST”) is a commercial-stage medical device manufacturer of liposuction surgical instruments for surgeons. It offers the FDA-cleared Twin Cannula Assisted Liposuction ("TCAL") Airbrush Liposculptor II® controllers, Airbrush®…

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…