Shares of Exelixis Inc. (NASDAQ:EXEL) traded today at $17.46, breaking its 52-week low. So far today approximately 1.4 million shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.
Exelixis Inc is a biopharmaceutical firm that discovers, develops, and commercializes treatments for cancer. Its lead molecule cabozantinib is indicated for the treatment of patients with metastatic medullary thyroid cancer (as Cometriq) and advanced renal cell carcinoma, or kidney cancer, and hepatocellular carcinoma, or liver cancer (as Cabometyx). Exelixis and partner Roche have also brought Cotellic to market for the treatment of melanoma.
Potential upside of 76.0% exists for Exelixis Inc., based on a current level of $17.68 and analysts’ average consensus price target of $31.11.
In the past 52 weeks, shares of Exelixis Inc. have traded between the current low of $17.46 and a high of $27.35 and is now at $17.68.
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