Pernix Therapeutics Holdings Inc. (PTX) was among the biggest gainers on the Russell 2000 for Friday January 22 as the stock popped 11.69% to $2.25, representing a gain of $0.235 per share. Some 746,561 shares traded hands on 3,760 trades, compared with an average daily volume of 839,290 shares out of a total float of 61.06 million. The stock opened at $2.07 and traded with an intraday range of $2.27 to $2.06.
After today's gains, Pernix Therapeutics Holdings Inc. reached a market cap of $137.07 million. Pernix Therapeutics Holdings Inc. has had a trading range between $12.88 and $1.68 over the last year, and it had a 50-day SMA of $2.80 and a 200-day SMA of $4.67.
Pernix Therapeutics Holdings Inc is a specialty pharmaceutical company focused on the sales, marketing and development of branded and generic pharmaceutical products for sleep, bacterial infections and cough and cold conditions.
Pernix Therapeutics Holdings Inc. is based out of Morristown, NJ and has some 155 employees. Its CEO is Douglas Drysdale.
For a complete fundamental analysis analysis of Pernix Therapeutics Holdings Inc., check out Equities.com’s Stock Valuation Analysis report for PTX. 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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