OncoMed Pharmaceuticals Inc. (OMED) is Trading Lower on Unusual Volume for January 11

Equities Staff |

OncoMed Pharmaceuticals Inc. (OMED) experienced unusually high volume on Jan. 11, as the stock lost 15.49% to a closing price of $17.40. The stock saw 365,013 shares trade hands over the course of the day on 2,950 trades. Given that the stock’s average daily volume over the last month has been 142,279 shares a day, this represents a pretty substantial spike over the norm.

OncoMed Pharmaceuticals Inc. has a P/B ratio of 20.96. The stock has traded between $29.83 and $13.33 over the last 52-weeks, its 50-day SMA is now $21.31, and its 200-day SMA $21.80.

OncoMed Pharmaceuticals Inc is a clinical development-stage biopharmaceutical company focused on discovering and developing novel protein therapeutics targeting cancer stem cells, or CSCs.

Headquartered in Redwood City, CA, OncoMed Pharmaceuticals Inc. has 108 employees and is currently under the leadership of CEO Paul J. Hastings.

For a complete fundamental analysis analysis of OncoMed Pharmaceuticals Inc., check out Equities.com’s Stock Valuation Analysis report for OMED. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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

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