Rigel Pharmaceuticals Inc. (RIGL) was among the biggest gainers on the Russell 2000 for Friday January 29 as the stock popped 5.04% to $2.71, representing a gain of $0.13 per share. Some 326,093 shares traded hands on 1,865 trades, compared with an average daily volume of 552,802 shares out of a total float of 88.53 million. The stock opened at $2.56 and traded with an intraday range of $2.77 to $2.56.
After today's gains, Rigel Pharmaceuticals Inc. reached a market cap of $239.91 million. Rigel Pharmaceuticals Inc. has had a trading range between $5.20 and $2.03 over the last year, and it had a 50-day SMA of $3.07 and a 200-day SMA of $3.21.
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.
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