Shares of CTI BioPharma Corp. (NASDAQ:CTIC) traded today at $4.13, eclipsing its 52-week high. Approximately 397,000 shares have changed hands today, as compared to an average 30-day volume of 609,000 shares.
CTI BioPharma Corp is a biopharmaceutical company focused on the acquisition, development, and commercialization of less toxic and more effective cancer therapies. The company’s therapeutic area is blood-related cancers. Its products under pipeline include PIXUVRI, and Pacritinib. PIXUVRI is a novel aza-anthracenedione with unique structural and physiochemical properties. Pacritinib is an investigational oral kinase inhibitor for the treatment of adult patients with myelofibrosis.
Over the past year, CTI BioPharma Corp. has traded in a range of $0.72 to $4.13 and is now at $3.35, 368% above that low.
Potential upside of 0.9% exists for CTI BioPharma Corp., based on a current level of $3.35 and analysts’ average consensus price target of $3.38.
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