Zogenix Inc. (ZGNX) Drops 5.74% on January 06

Equities Staff |

Zogenix Inc. (ZGNX) was one of the Russell 2000's biggest losers for Wednesday January 06 as the stock slid 5.74% to $12.32, a loss of $-0.75 per share. Starting at an opening price of $12.95 a share, the stock traded between $12.22 and $13.11 over the course of the trading day. Volume was 242,698 shares over 2,085 trades, against an average daily volume of 416,374 shares and a total float of 24.76 million.

The losses send Zogenix Inc. down to a market cap of $305.06 million. In the last year, Zogenix Inc. has traded between $21.65 and $9.36, and its 50-day SMA is currently $13.63 and 200-day SMA is $14.45.

The stock has a P/E Ratio of 5.8.

Zogenix Inc is a pharmaceutical company engaged in commercializing & developing therapies that address clinical needs for people living with pain-related and CNS disorders that needs treatment alternatives to help return to normal daily functioning.

Zogenix Inc. is based out of San Diego, CA and has some 59 employees. Its CEO is Steven J. Farr.

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