Sci-tech

Session Recap: Viewing Unusual Volume for Cymabay Therapeutics, Inc. (NASDAQ:CBAY)

Session Recap: Viewing Unusual Volume for Cymabay Therapeutics, Inc. (NASDAQ:CBAY)”

Oppenheimer Holdings, Inc. began coverage on shares of CymaBay Therapeutics in a research note on Friday, June 23rd. The stock exchanged hands 10.63 Million shares versus average trading capacity of 602.46 Million shares, yielding a market cap of $217.56 Million. The stock hit its 52-week high on 07/17/17, and 52-week low on 11/09/16.

Cymabay Therapeutics, Inc. (NASDAQ:CBAY) stock is experiencing unusual volume during today's trading.

Cymabay Therapeutics (NASDAQ:CBAY)'s trailing twelve month revenues are $4.8 Million, whereas its price to sales ratio for the same period is 45.33. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. (NASDAQ:CBAY)'s stock about -3.60% from the 50-day high and 122.26% away from the 50-day low. A negative earnings surprise will usually result in a decline in share price. "(CBAY) Given a $7.00 Price Target by Piper Jaffray Companies Analysts" was posted by The Cerbat Gem and is the property of of The Cerbat Gem. Analysts forecast that CymaBay Therapeutics will post ($0.83) EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: "CymaBay Therapeutics Inc. (CBAY) Receives Outperform Rating from Citigroup Inc." was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US & global copyright and trademark law. The original version of this news story can be viewed at https://www.themarketsdaily.com/2017/07/20/cymabay-therapeutics-cbay-given-daily-news-impact-rating-of-0-35-updated-updated.html.

Institutional investors have recently added to or reduced their stakes in the company. LVM Capital Management Ltd. MI raised its position in shares of CymaBay Therapeutics by 100.0% in the second quarter. Over the past month the firm's stock is 1.16%, -2.97% for the last quarter, 2.35% for the past six-months and -23.24% for the a year ago. ClariVest Asset Management LLC bought a new position in CymaBay Therapeutics during the first quarter worth approximately $105,000. TFS Capital LLC purchased a new position in shares of CymaBay Therapeutics during the first quarter worth approximately $169,000. Finally, Renaissance Technologies LLC boosted its position in CymaBay Therapeutics by 97.6% in the first quarter. Over the past month the firm's stock is 46.81%, 89.95% for the last quarter, 310.58% for the past six-months and 349.39% for the previous year. CymaBay Therapeutics earned a daily sentiment score of 0.35 on Accern's scale. The Company is focused on developing therapies to treat metabolic diseases, including serious rare and orphan diseases. Arhalofenate is used to treat gout.



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