Rigel Pharmaceuticals Inc. (RIGL) Drops 5.21% on January 21

Equities Staff |

Rigel Pharmaceuticals Inc. (RIGL) was one of the Russell 2000's biggest losers for Thursday January 21 as the stock slid 5.21% to $2.73, a loss of $-0.15 per share. Starting at an opening price of $2.92 a share, the stock traded between $2.70 and $2.98 over the course of the trading day. Volume was 504,004 shares over 2,518 trades, against an average daily volume of 508,895 shares and a total float of 88.53 million.

The losses send Rigel Pharmaceuticals Inc. down to a market cap of $241.68 million. In the last year, Rigel Pharmaceuticals Inc. has traded between $5.20 and $2.03, and its 50-day SMA is currently $3.12 and 200-day SMA is $3.25.

Rigel Pharmaceuticals Inc is a clinical-stage drug development company. It discovers and develops novel, small-molecule drugs for the treatment of inflammatory/autoimmune diseases, as well as for certain cancers and metabolic diseases.

Rigel Pharmaceuticals Inc. is based out of South San Francisco, CA and has some 127 employees. Its CEO is Raul R. Rodriguez.

For a complete fundamental analysis analysis of Rigel Pharmaceuticals Inc., check out Equities.com’s Stock Valuation Analysis report for RIGL. 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.

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