Momenta Pharmaceuticals Inc. (MNTA) Moves Lower on Volume Spike for September 21

Equities Staff  |

Momenta Pharmaceuticals Inc. (MNTA) traded on unusually high volume on Sep. 21, as the stock lost 3.24% to close at $26.90. On the day, Momenta Pharmaceuticals Inc. saw 1.34 million shares trade hands on 3,516 trades. Considering that the stock averages only a daily volume of 395,392 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 $32.20 and $11.85 over the last 52-weeks, its 50-day SMA is now $27.79, and its 200-day SMA $20.82. Momenta Pharmaceuticals Inc. has a P/B ratio of 7.47.

Momenta Pharmaceuticals Inc is a biotechnology company. It is engaged in developing generic versions of complex drugs, biosimilars and novel therapeutics for oncology and autoimmune disease.

Headquartered in Cambridge, MA, Momenta Pharmaceuticals Inc. has 279 employees and is currently under the leadership of CEO Craig A. Wheeler.

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

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To get more information on Momenta Pharmaceuticals Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MNTA’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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