Organovo (ONVO) Jumps 8.47% on February 16

Equities Staff |

Organovo (ONVO) was among the biggest gainers on the Russell 2000 for Tuesday February 16 as the stock popped 8.47% to $2.05, representing a gain of $0.16 per share. Some 585,622 shares traded hands on 1,527 trades, compared with an average daily volume of 831,694 shares out of a total float of 92.41 million. The stock opened at $1.90 and traded with an intraday range of $2.08 to $1.90.

After today's gains, Organovo reached a market cap of $189.45 million. Organovo has had a trading range between $6.57 and $1.60 over the last year, and it had a 50-day SMA of $2.36 and a 200-day SMA of $3.29.

Organovo Holdings Inc is a development-stage company. It is engaged in developing and commercializing functional human tissues.

Organovo is based out of San Diego, CA and has some 82 employees. Its CEO is .

For a complete fundamental analysis analysis of Organovo, check out Equities.com’s Stock Valuation Analysis report for ONVO. 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

Comments

Emerging Growth

MGX Minerals Inc.

MGX Minerals is a diversified Canadian mining company listed on the Canadian Securities Exchange. MGX is engaged in the acquisition and development of industrial mineral deposits in western Canada that…

Private Markets

Snapwire

A peer-to-Peer authentic photo marketplace disrupting the $10B commercial photography industry.

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…