Halozyme Therapeutics (HALO) : Traders are bullish on Halozyme Therapeutics (HALO) as it has outperformed the S&P 500 by a wide margin of 5.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.58% in the last 1 week, and is up 8.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.37% and the 50-Day Moving Average is 9.08%. Halozyme Therapeutics, Inc. has dropped 5.78% during the last 3-month period . Year-to-Date the stock performance stands at -42.64%.
Halozyme Therapeutics (NASDAQ:HALO): stock turned positive on Friday. Though the stock opened at $9.7, the bulls momentum made the stock top out at $9.965 level for the day. The stock recorded a low of $9.4999 and closed the trading day at $9.94, in the green by 1.74%. The total traded volume for the day was 1,074,217. The stock had closed at $9.77 in the previous days trading.
Halozyme Therapeutics, Inc. is a biotechnology company, which is focused on developing and commercializing oncology therapies that target the tumor microenvironment. The Companys development pipeline consists primarily of clinical-stage product candidates in oncology and diabetes. The product candidates in its pipeline are based on rHuPH20, a human recombinant hyaluronidase enzyme. rHuPH20 temporarily breaks down hyaluronic acid (HA). Its lead oncology program is PEGPH20 (PEGylated recombinant human hyaluronidase), a new molecular entity, under development for the systemic treatment of tumors that accumulate HA. The Company is in collaboration with pharmaceutical companies including, Roche, Pfizer, Janssen and Baxter for its drug delivery platform, ENHANZE, which enables biologics and small molecule compounds that are administered intravenously to be delivered subcutaneously.