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.
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