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