Exelixis Inc. (EXEL) Moves Lower on Volume Spike for March 02

Equities Staff  |

Exelixis Inc. (EXEL) traded on unusually high volume on Mar. 02, as the stock lost 0.54% to close at $24.08. On the day, Exelixis Inc. saw 5.26 million shares trade hands on 29,576 trades. Considering that the stock averages only a daily volume of 2.89 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $32.50 and $18.03 over the last 52-weeks, its 50-day SMA is now $29.33, and its 200-day SMA $26.19. Exelixis Inc. has a P/B ratio of 25.08. It also has a P/E ratio of 49.4.

Exelixis Inc is a part of the healthcare sector. As a biotechnology company, it develops small molecule therapies for the treatment of cancer.

Headquartered in South San Francisco, CA, Exelixis Inc. has 287 employees and is currently under the leadership of CEO Michael M. Morrissey.

For a complete fundamental analysis analysis of Exelixis Inc., check out Equities.com’s Stock Valuation Analysis report for EXEL.

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To get more information on Exelixis Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: EXEL’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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



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