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Macrogenics Inc Falling Today on Above-Average Volume (MGNX)

By James Quinn

Macrogenics Inc's stock is down -6.0% to $27.89 on heavy trading volume. About 4.9 million shares have been traded today, as compared to the 30-day average volume of 4.3 million 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, shares of Macrogenics Inc have traded between a low of $4.04 and a high of $32.68 and are now at $26.32, which is 551% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 9.2%.

Keywords: unusual volume macrogenics inc

Ticker(s): MGNX