Can These Stocks Bounce Back? Threshold Pharmaceuticals Inc (THLD), Sangamo Biosciences Inc (SGMO) and ImmunoCellular Therapeutics Ltd (IMUC)
New York, NY – GDP INSIDER – 03/26/2015.
This article discusses three companies: Threshold Pharmaceuticals Inc (NASDAQ:THLD), Sangamo Biosciences Inc (NASDAQ:SGMO) and ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC)
Threshold Pharmaceuticals Inc (NASDAQ:THLD) continued to decline yesterday with the stock down 5.32% or $0.23 to close at $4.09 on active trading of 1.215 million shares, compared to its three month average trading volume of 0.652 million. The biotechnology company specialized in developing treatments for tumors has been fluctuating between $4.09 and $4.62 for the last month, with an overall downward trend but even so, the stock has still gained 34.53% for the year so far. With a one year target estimate of $12.90 the stock is worth holding on to for now.
Sangamo Biosciences Inc (NASDAQ:SGMO) corrected further yesterday from its 52 week high of $20.12 on Friday, with the stock closing down 9.07% or $1.50 at $15.03 with more than 1.472 million shares changing hands, compared to its three month average trading volume of 0.944 million. The clinical stage biopharmaceutical company focused on DNA binding proteins has been outperforming the S&P 500 for the last six weeks, but is now down 1.17% YTD, compared to the S&P 500 which increased 0.10% over the same period. With RSI of 39.37 it is a hold and potential buy if it falls lower.
ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) continued its steady decline yesterday with the stock losing another 4.56% or $0.025 to close at $0.5250 on active trading of 1.449 million shares, compared to its three month average trading volume of 0.687 million. ImmunoCellular Therapeutics Ltd been losing value since the beginning of the year and is now down 28.07% YTD. The developer of immune based therapies for brain and other cancers is also approaching a bearish MACD crossover and may continue to fall in the near term, making it a sell at the moment.
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