Shares Of CTI Biopharma Corp. (CTIC) Have Risen Above Previo...| MENAFN.COM

Friday, 19 August 2022 04:22 GMT

Shares Of CTI Biopharma Corp. (CTIC) Have Risen Above Previous 52-Week High


(MENAFN- Investor Brand Network)

CTI BioPharma Corp. (NASDAQ:CTIC) traded at a new 52-week high today of $7.79. This new high was reached on below average trading volume as 410,000 shares traded hands, while the average 30-day volume is approximately 4.4 million shares.

CTI BioPharma Corp is a biopharmaceutical company focused on the acquisition, development, and commercialization of less toxic and more effective cancer therapies. Its 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.

In the past 52 weeks, CTI BioPharma Corp. share prices are bracketed by a low of $1.43 and a high of $7.79 and is now at $7.68, 437% above that low price.

Based on a current price of $7.68, CTI BioPharma Corp. is currently 19.2% above its average consensus analyst price target of $6.21.

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