Idera Pharmaceuticals Inc. (IDRA) Jumps 12.87% on February 17

Equities Staff |

Idera Pharmaceuticals Inc. (IDRA) was among the biggest gainers on the Russell 2000 for Wednesday February 17 as the stock popped 12.87% to $1.93, representing a gain of $0.22 per share. Some 883,095 shares traded hands on 2,750 trades, compared with an average daily volume of 1.33 million shares out of a total float of 118.35 million. The stock opened at $1.74 and traded with an intraday range of $1.95 to $1.74.

After today's gains, Idera Pharmaceuticals Inc. reached a market cap of $228.42 million. Idera Pharmaceuticals Inc. has had a trading range between $5.24 and $1.50 over the last year, and it had a 50-day SMA of $2.61 and a 200-day SMA of $3.10.

Idera Pharmaceuticals Inc is a clinical stage biotechnology company. The Company is engaged in the discovery, development and commercialization of novel therapeutics for oncology and rare diseases.

Idera Pharmaceuticals Inc. is based out of Cambridge, MA and has some 45 employees. Its CEO is .

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

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