Shares of HUTCHMED (China) Limited (NASDAQ:HCM) traded today at $43.24, eclipsing its 52-week high. Approximately 106,000 shares have changed hands today, as compared to an average 30-day volume of 634,000 shares.
HUTCHMED (China) Ltd is an innovative biopharmaceutical company engaged in the discovery, global development, and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. Its reportable segments include the innovation platform and commercial platform. The company has a portfolio of several cancer drug candidates currently in clinical studies around the world and extensive commercial infrastructure in its home market of China. The commercial platform includes a prescription drugs business and a consumer health business for over-the-counter drugs.
In the past 52 weeks, HUTCHMED (China) Limited share prices are bracketed by a low of $23.67 and a high of $43.24 and is now at $43.24, 83% above that low price.
HUTCHMED (China) Limited (NASDAQ:HCM) defies analysts with a current price ($43.24) 24.9% above its average consensus price target of $32.49.
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