Peregrine Pharmaceuticals Inc. (PPHM) was one of the Russell 2000's biggest losers for Tuesday January 19 as the stock slid 8.88% to $0.91, a loss of $-0.0885 per share. Starting at an opening price of $1.01 a share, the stock traded between $0.89 and $1.01 over the course of the trading day. Volume was 1.37 million shares over 1,850 trades, against an average daily volume of 1.04 million shares and a total float of 229.7 million.
The losses send Peregrine Pharmaceuticals Inc. down to a market cap of $208.5 million. In the last year, Peregrine Pharmaceuticals Inc. has traded between $1.66 and $0.91, and its 50-day SMA is currently $1.17 and 200-day SMA is $1.23.
Peregrine Pharmaceuticals Inc is a biopharmaceutical company. It develops novel investigational products that help utilize the immune system to fight cancer, also known as immunotherapy.
Peregrine Pharmaceuticals Inc. is based out of Tustin, CA and has some 215 employees. Its CEO is Steven W. King.
For a complete fundamental analysis analysis of Peregrine Pharmaceuticals Inc., check out Equities.com’s Stock Valuation Analysis report for PPHM. 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.
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