Shares of Nektar Therapeutics (NASDAQ:NKTR) traded at a new 52-week high today of $26.74. This new high was reached on below average trading volume as 192,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Nektar Therapeutics is a San Francisco-based emerging biotechnology company specializing in PEGylation technology. Its portfolio includes PEGylated biologics in immuno-oncology, breast cancer, and autoimmune disease. The company partners with several large pharmaceutical and biotechnology companies to co-develop therapies in a range of indications, which includes a collaboration with Bristol-Myers Squibb to develop bempegaldesleukin, the firm’s leading immuno-oncology candidate, in combination with Bristol’s Opdivo.
In the past 52 weeks, Nektar Therapeutics share prices are bracketed by a low of $13.63 and a high of $26.74 and is now at $24.99, 83% above that low price.
Based on a current price of $24.99, Nektar Therapeutics is currently 7.2% above its average consensus analyst price target of $23.18.
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