NASDAQ: RIGL, NYSE:HRG, NASDAQ:CBMX are the stocks showed Down trend in yesterday trading session. Lets have a look for reason of there fall.
Pompano Beach, FL -- (SBWIRE) -- 12/14/2012 -- Rigel Pharmaceuticals (NASDAQ:RIGL)'s shares reported the fall on yesterday after it is reported that the tentative rheumatoid arthritis medicine it applied for licensing to AstraZeneca (NYSE: AZN), not succeeded to meet one of two main objectives in a clinical study.
In the last trading session, Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) saw the correction of -34.64% and closed at $8.35 with the overall traded volume of 8.35 million shares. Stock price 52 weeks high was $11.44 and its 52 weeks low price was $5.37. RIGL has market cap of 479.37 million.
Can RIGL can Show a Strong Recovery? Find out in This Research Report
Harbinger Group Inc (NYSE:HRG), which specializes in various types of batteries, dropped to a record low after it is reported that a group of shareholders sold its hedge funds shares as much 25 million shares, or almost 20% of the company and the selling were on discount.
Harbinger Group Inc (NYSE:HRG) reported the fall of -26.61% to close at $7.50 and its total traded volume was 9.47 million shares. HRG has earnings per share of $0.15 and its price to earnings ratio ended at 50.74. HRG has market cap of 1.05 billion and its beta value stands at 0.57 times.
Where HRG is Aheaded Exactly? Find out in This Trend Analysis Reports
CombiMatrix Corporation (NASDAQ:CBMX) declined 25.47% with the closing price of $6.79. Its fifty two week range was $1.40-$20.00. The total market capitalization remained $7.27 million.
CBMX is ahead its 52 week low with 385.00% and its last month price volatility remained 117.10%. Its beta coefficient was 0.17 with a target price of $15.00. In its share capital CBMX has 1.07 million outstanding shares while 1.04 million shares have been floated in market. CBMX has insider ownership of 49.06% with its institutional ownership remained 28.87%.
How Should Investors Trade CBMX Now? Find Out Here
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