• Return to Headlines

Possible Trend Reversal, Macrogenics Inc Down on Heavy Volume (MGNX)

By Amy Schwartz

Shares of Macrogenics Inc are trading down -8.3% to $17.90 today on above average volume. About 982,000 shares have been traded today, as compared to the 30-day average volume of 646,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Macrogenics Inc and will alert subscribers who have MGNX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Macrogenics Inc share prices have been bracketed by a low of $9.87 and a high of $32.74 and are now at $16.06, 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.4%.

Keywords: unusual volume macrogenics inc

Ticker(s): MGNX