PDL BioPharma Inc (PDLI) Drops 5.83% on January 11

Equities Staff |

PDL BioPharma Inc (PDLI) was one of the Russell 2000's biggest losers for Monday January 11 as the stock slid 5.83% to $3.07, a loss of $-0.19 per share. Starting at an opening price of $3.25 a share, the stock traded between $2.95 and $3.26 over the course of the trading day. Volume was 3.33 million shares over 8,132 trades, against an average daily volume of 3.33 million shares and a total float of 163.58 million.

The losses send PDL BioPharma Inc down to a market cap of $502.18 million. In the last year, PDL BioPharma Inc has traded between $7.77 and $3.25, and its 50-day SMA is currently $3.76 and 200-day SMA is $5.18.

The stock has a P/E Ratio of 2.

PDL BioPharma Inc is engaged in the discovery of a new generation of targeted treatments for cancer & immunologic diseases. It focuses on intellectual property asset management, investing in new royalty bearing assets & maximizing value of its patent.

PDL BioPharma Inc is based out of Incline Villiage, NV and has some 10 employees. Its CEO is John P. Mclaughlin.

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

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