ChemoCentryx Inc. (CCXI) Sees Strong Trading Volume
ChemoCentryx Inc. (NASDAQ:CCXI) saw unusually-high trading volume on Friday . Approximately 594,773 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 199,040 shares.The stock last traded at $4.51 and had previously closed at $5.29.
CCXI has been the subject of several analyst reports. Zacks Investment Research downgraded shares of ChemoCentryx from a “buy” rating to a “hold” rating in a report on Monday, May 16th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $11.00 target price on shares of ChemoCentryx in a report on Tuesday, August 9th. Finally, Cowen and Company reiterated a “hold” rating on shares of ChemoCentryx in a report on Thursday, May 19th.
The stock has a 50 day moving average price of $4.61 and a 200-day moving average price of $3.89. The company’s market capitalization is $201.56 million.
ChemoCentryx, Inc (ChemoCentryx) is a biopharmaceutical company. The Company is focused on discovering, developing and commercializing orally-administered therapeutics to treat orphan and rare diseases, autoimmune diseases, inflammatory disorders and cancer. It targets the chemoattractant system, which is a network of molecules, including chemokine ligands and their associated receptors, as well as related chemoattractant receptors.
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