At the close on Tuesday, shares in Cambridge, Massachusetts-based Eleven Biotherapeutics Inc. rose 3.55%, ending the day at $2.04 with a total trading volume of 481,797 shares. The stock is trading below its 50-day moving average by 6.82%. Shares of the Company, which engages in the discovery and development of protein therapeutics to treat eye diseases primarily in the US, have a Relative Strength Index (RSI) of 46.76.
On November 14th, 2016, Eleven Biotherapeutics reported that revenue was $28.7 million for Q3 2016 compared to $0.1 million for Q3 2015. The increase was due to revenue recognized from the License Agreement with Roche. The Company's net income was $19.5 million, or $0.95 per basic share and $0.91 per diluted share, for Q3 2016 as compared to a net loss of $9.7 million, or $0.50 per basic and diluted share, for Q3 2015. Cash and cash equivalents were $30.7 million as of September 30th, 2016. EBIO complete research report is just a click away and free at:
Shares in San Diego, California headquartered Illumina Inc. ended the day 0.15% higher at $128.94 with a total trading volume of 539,240 shares. The stock is trading below its 50-day moving average by 3.76%. Shares of the Company, which provides sequencing and array-based solutions for genetic analysis, have an RSI of 47.60.
On December 7th, 2016, Illumina announced the appointment of Sam A. Samad, Senior Vice President and Chief Financial Officer. He will join the Company on January 06th, 2017. Sam will be responsible for the Company's finance, accounting, investor relations, internal audit, and treasury functions. He joins Illumina from Cardinal Health where he held several senior leadership positions including most recently Senior Vice President and Corporate Treasurer, with leadership responsibility for Cardinal Health's China business. Sam holds a BBA degree from the American University of Beirut in Lebanon and an MBA from McMaster University in Hamilton, Canada.
On December 7th, 2016, research firm Morgan Stanley reiterated its 'Underweight' rating on the Company's stock with a decrease of the target price from $115 a share to $100 a share. The complimentary report on ILMN can be downloaded at:
On Tuesday, shares in Richmond, California headquartered Sangamo Biosciences Inc. finished 3.23% lower at $3.00. A total volume of 842,029 shares was traded. The stock is trading below its 50-day moving average by 15.42%. Additionally, shares of Sangamo Biosciences, which focuses on the research, development, and commercialization of engineered DNA-binding proteins for therapeutic genome editing and gene regulation, have an RSI of 43.06.
On November 30th, 2016, Sangamo BioSciences announced that its collaborative zinc finger nuclease (ZFN)-mediated genome editing program for hemoglobinopathies will transfer to Bioverativ. In 2014, Sangamo and Biogen entered into an exclusive worldwide research, development, and commercialization collaboration and license agreement under which both companies agreed to develop and commercialize therapeutic genome editing products for the potential treatment of two inherited blood disorders, sickle cell disease and beta-thalassemia. Bioverativ, the planned spin-off of Biogen's hemophilia business, is on track to launch as an independent, publicly-traded biotechnology company in early 2017. Sign up for your complimentary research report on SGMO at:
Los Angeles, California headquartered CytRx Corp.'s shares recorded a trading volume of 1.66 million shares at the end of yesterday's session, which was higher than their three months average volume of 1.23 million shares. The stock closed the day flat at $0.39. The Company's shares are trading below their 50-day moving average by 20.47%. Additionally, shares of CytRx, which operates as a biopharmaceutical research and development company specializing in oncology, have an RSI of 35.54.
On December 13th, 2016, CytRx announced that it has entered into securities purchase agreements with existing institutional investors to purchase shares of the Company's common stock at a purchase price of $0.42 per share in a registered direct offering with gross proceeds of $8.1 million. To the extent that the purchase of shares of common stock would result in beneficial ownership above 4.99%, an investor may elect to purchase shares of its Series B convertible preferred stock in lieu of common stock. Each share of preferred stock has a conversion price of $0.42 and no dividend rights. Get free access to your research report on CYTR at:
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