Struggling NASDAQ Stocks: Enzon Pharmaceuticals Inc(NASDAQ:ENZN), Cumulus Media Inc(NASDAQ:CMLS), and Synta Pharmaceuticals Corp.(NASDAQ:SNTA)

Posted by admin September 1, 2014 0 Comment 1471 views

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Enzon Pharmaceuticals Inc(NASDAQ:ENZN) gained eight cents to move to a new closing price of $1.64. Friday’s boost represents a 5.13% increase in value for the New Jersey-based drug products licenser, which employs just one individual on a full-time basis. Enzon Pharmaceuticals Inc(NASDAQ:ENZN) saw its trading volume spike to a figure of 2,042,297 on Friday, a figure which is more than three times the size of its three month average of 629,474. The stock gained eleven cents during after-hours trading.

Why Is Enzon Pharmaceuticals Rising? View Our Free ENZN Analysis.

Cumulus Media Inc(NASDAQ:CMLS) lost nine cents to fall to a closing price of $4.59, a 1.92% decrease in value from its previous closing price. The stock remains just $0.44 above its 52 week low of $4.59. To contrast, Cumulus Media Inc(NASDAQ:CMLS) is now situated $3.60 below its 52 week high of $8.19. The Georgia-based commercial radio station cluster operator has a market capitalization of $1.07 billion with 232.04 million tradeable shares.

Will Cumulus Media Remain Above The $4.50 Mark? Click Here For A Free CMLS Analysis.

Synta Pharmaceuticals Corp.(NASDAQ:SNTA) fell three cents during Friday’s trading, a 0.74% loss in value that left the stock at a new closing price of $4.00. The mark places the stock just thirty cents above its 52 week low of $3.70. Synta Pharmaceuticals Corp.(NASDAQ:SYNTA) has not published a press release since Aug. 6th, 2014, when the company named Anne Whitaker as its new Chief Executive Officer. Synta’s value has fallen ten cents since the announcement.

Can Synta Turn Its Fortunes Around? Receive A Free SNTA Analysis.

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