Rigel Pharmaceuticals Inc. (RIGL) Soars 1.13% on January 08

Equities Staff  |

Rigel Pharmaceuticals Inc. (RIGL) had a good day on the market for Friday January 08 as shares jumped 1.13% to close at $3.58. About 1.26 million shares traded hands on 6,958 trades for the day, compared with an average daily volume of n/a shares out of a total float of 168.98 million. After opening the trading day at $3.51, shares of Rigel Pharmaceuticals Inc. stayed within a range of $3.60 to $3.48.

With today's gains, Rigel Pharmaceuticals Inc. now has a market cap of $604.95 million. Shares of Rigel Pharmaceuticals Inc. have been trading within a range of $5.24 and $1.24 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Rigel Pharmaceuticals Inc develops small-molecule drugs for autoimmune, cancer-related, and viral diseases. The firm's lead drug is an oral rheumatoid arthritis drug candidate that has been licensed to AstraZeneca. Astra has taken over all responsibility to develop and market the drug and will pay Rigel royalties and milestone payments. Its pipeline product includes Fostamatinib - ITP, Fostamatinib - AIHA, Fostamatinib - IgAN, BGB324 - Oral AXL Inhibitor, ATI-50001 & 50002 - JAK Inhibitors, DS-3032-MDM2 Inhibitor, THF-beta Inhibitors and AZD0449- Inhaled JAK Inhibitor.

Rigel Pharmaceuticals Inc. is based out of South San Francisco, CA and has some 163 employees. Its CEO is Raul R. Rodriguez.

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

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Rigel Pharmaceuticals Inc. is also a component of the Russell 2000. 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.

To get more information on Rigel Pharmaceuticals Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: RIGL’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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