Peregrine Pharmaceuticals Inc. (PPHM) Jumps 8.53% on January 22

Equities Staff |

Peregrine Pharmaceuticals Inc. (PPHM) was among the biggest gainers on the Russell 2000 for Friday January 22 as the stock popped 8.53% to $1.02, representing a gain of $0.0802 per share. Some 810,480 shares traded hands on 1,465 trades, compared with an average daily volume of 1.04 million shares out of a total float of 229.7 million. The stock opened at $0.97 and traded with an intraday range of $1.05 to $0.95.

After today's gains, Peregrine Pharmaceuticals Inc. reached a market cap of $234.3 million. Peregrine Pharmaceuticals Inc. has had a trading range between $1.66 and $0.86 over the last year, and it had a 50-day SMA of $1.16 and a 200-day SMA of $1.22.

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.

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

Private Markets

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…

Cloudera

Cloudera offers enterprises a new data platform built on the Apache Hadoop open-source software package. Hadoop is a data-management platform that can consolidate data in a single repository for comprehensive…